Long Term Care Insurance Expert | Honey Leveen | Houston, TX

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Federal Deficit Dwarfs Official Tally

May 31, 2012 by Honey Leave a Comment

Here’s some really scary stuff, hot off the press:

According to the May 30, 2012 National Center for Policy Analysis newsletter, the typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, according to a USA Today analysis.

  • Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress.
  • A U.S. household’s median income is $49,445, the Census reports.

Why, oh why, would anyone choose to rely on the government to pay for their long-term care?

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Honey Leveen, Long Term Care insurance, LTCi, National Center for Policy Analysis, USA Today, www.honeyleveen.com

Caregiving Boomers Find They Need Care Themselves

April 27, 2012 by Honey Leave a Comment

Here’s a refreshingly fair and accurate article by Diane Stafford in the April 16, 2011 Kansas City Star, titled Care-giving boomers find they need care themselves. It is about the public’s wide-scale denial of the possibility of needing long-term care. She beautifully describes the disconnect and denial I encounter from well-educated, middle-class and affluent people on an everyday basis.

I hope readers will take Ms. Stafford’s advice to heart. According to www.longtermcare.gov, the US Department of Health and Human Services site, at age 65, there is approximately a 70% chance any of us will need long-term care. I urge you to plan accordingly – NOW. Planning will ensure financial and emotional well-being for both you and your family.

Filed Under: I'll Just Self-Insure Tagged With: Diane Stafford, Honey Leveen, Information About LTC, Kansas City Star, LTCi

Alzheimer’s Disease – A Rapidly Approaching Medical and Financial Crisis

March 28, 2012 by Honey Leave a Comment

The odds that you’ll have Alzheimer’s disease are 1 in 8, according to the “2012 Alzheimer’s Disease Facts and Figures” (Alzheimer’s Association:225 N. Michigan Ave., Fl. 17 Chicago, IL 60601-7633).  An estimated 5.4 million Americans currently have Alzheimer’s, 5.2 million of whom are over 65.  And your odds increase to 1 in 2 if you live to age 85.  As the sixth leading cause of death in theUnited States, this tragic disease currently costs over $200 Billion to treat, and that annual cost is expected to rise to $1.1 TRILLION by 2050!

Where will all that money come from?  Medicare and Medicaid pay for 70% of the current annual cost, and over 15 million Americans provide unpaid care for a person with Alzheimer’s or other dementias.  With each passing year, government funds will become increasingly insufficient to cover this staggering expense, leaving the burden of care on family and friends.  And tragically, even today 800,000 people with Alzheimer’s live alone and as many as half of them have NO caregiver.  We can only imagine how that number will soar with each passing year.

So what’s the answer?  The good news is that “cognitive impairment” is a valid basis for a claim on all long-term care insurance (LTCi) policies.  So if this tragedy strikes you and you have purchased such a policy, your LTCi will take the burden off of the US government as well as your family and friends.  The choice is yours…

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC, Long-Term Care Awareness Month Tagged With: Alzheimer's Association, Alzheimers Disease, Long Term Care insurance, LTC Insurance, LTCi, Medicaid, Medicare

Long term Care Insurance (LTCi) Could Liberate You

March 8, 2012 by Honey Leave a Comment

Recent research on how much money retirees spend (Expenditure Patterns of Older Americans, 2001 – 2009 Issue Brief, February 2012, No. 368: 1100 13th Street, NW Suite 878 Washington, DC 20005-4051). uncovered still another advantage of owning LTCi.  Careful tracking of the actual spending of 5,000 older households from 2001 to 2009 showed that median household spending declines steadily as elders age.

Further analysis showed that retirees who owned LTCi spent considerably more than retirees without this insurance. Researchers ruled out the explanation that those who owned LTCi were actually wealthier than their counterparts.  When compared with elders with the same levels of wealth and income, those with LTCi spent more.  Why? Those without LTCi are more cautious and frugal to save funds they will need to cover the exorbitant costs of long-term care. As we know, such costs include about 70% of Americans over 65.

The lesson?  Reduce financial stress and live more comfortably in your final years by investing in LTCi TODAY.  This very important decision will give you financial peace of mind – in addition to removing the likely burden of your loved ones having to become your caregivers.

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: EBRI, Employee Benefits Research Institute, Honey Leveen, Long Term Care insurance, LTC Insurance, LTCi, www.honeyleveen.com, www.longtermcare.gov

I WANT MY FATHER TO DIE!!!!

February 20, 2012 by Honey 3 Comments

Dad Needs LTCIn Daddy Issues: Why caring for my aging father has me wishing he would die (Atlantic Magazine, March 2012), Sandra Tsing Loh presents a personal account of the stress and sense of futility and eventual desperation she feels in her struggle to care for her aging father.

Ms. Loh begins with Gail Sheehy’s description of the freedom 50-year old’s experience after the kids are grown and their parents are enjoying their “golden years” by cashing in on frequent flyer miles to travel the globe – which differ from Ms. Loh’s experience as much as heaven differs from hell.

In fact, over 70% of all Americans over 65 will need some form of long-term care, and although Ms. Loh’s experience is extremely difficult, it is not uncommon.  Her account begins with her father’s plan that his much younger wife would care for him. This failed miserably when her signs of dementia began to occur at the same time he declined dramatically.

She continues with her futile attempts to hire caregivers (at her own expense), most of whom quit the first day because her father is such a difficult case.  Once she finally finds someone who can handle her father, she and the caregiver form a team, and the need for her substantial role wreaks havoc with her own life.

This article is quite long and very difficult to read.  Her sad story and her honesty about her struggle are very provocative.  Many readers commented that the author is a self centered bitch, while just as many laud her for her candor and humor. Still others commented in spectacular detail about their resentment & anger towards their own needy parent.

Since I see or hear about variations of this dilemma every day, I admire Ms. Loh’s candor and courage in telling her sad story, which she expressed with great honesty and a sense of humor.

Anyone who takes the time to read it will want to own long-term care insurance.

Filed Under: Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: Gail Sheehy, Honey Leveen, Long Term Care insurance, Long-Term Care Planning, LTCi, Sandra Tsing Loh, The Atlantic, www.honeyleveen.com

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Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

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Open Quotation Mark"Honey - Whenever I need a clarification regarding our “LTC” you are “Johnny on the spot” responding in a very prompt manner, reassuring me, informing me in a concise way, patient with me as I massage the understanding in my own words. Your knowledge is current and expressed with confidence, offered in your conscientious and upbeat personality. Quotation Mark ClosedIt is a pleasure to work with you. Thank you for your expertise." ~ Nancy Damon, Houston, TX
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Honey Leveen, LUTCF, CLTC, LTCP
“The Queen, by Self-Proclamation, of Long-Term Care Insurance (LTCi)”
404 Royal Bonnet
Ft. Myers, FL 33908

Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

Email: honey@honeyleveen.com

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