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There's still a lot of confusion about this, especially in the financial planning community. This two-minute video explains it clearly.
youtube.com/watch?v=0cphJcNy…
Think you need an unlimited long-term care policy? You don’t.
Under state Partnership programs, you only need to insure the assets you want to protect.
If care outlasts your policy, Medicaid steps in and your sheltered balance sheet stays 100% intact.
22 Reasons Why LTC Insurance is A LOT Better Today than 25 Years Ago: youtu.be/1684VXCN9hk
LTCShop.com retweeted
They chose to put their money into a house instead of long term care insurance. Your descendants shouldn't benefit from your decision to rely on taxpayers to bail you out any more than they should benefit from you racking up credit card debt instead of paying cash for purchases.
LTCShop.com retweeted
“i will just die in my home i wont go to a nursing home”
is an ego preserving way of saying “i will make my eldest daughter juggle unpaid nursing care and being my social world with all her other responsibilities”
LTCShop.com retweeted
Replying to @adesertdryad
Long term care insurance is the best gift to give your children
LTCShop.com retweeted
This happens more than people realize
The caseworker sighed and told him:
"Federal law requires state programs to claw back healthcare costs from deceased estates. The house cannot be sold or transferred until the balance is cleared in full."
He offered to pay a monthly settlement.
They said no. The full $114,000 is due in 60 days, or they foreclose on the property at a public auction
My coworker's mother passed away last November.
She left her modest $190,000 house to him clear and free, no mortgage, completely paid off after thirty years of factory work.
He moved into the home in January to finally settle the estate.
Two weeks ago, a letter arrived from the state Medicaid estate recovery office.
Because his mother spent four months in a rehabilitation facility before she passed, the state quietly slapped a retroactive $114,000 lien against the property title.
He called the state health department, frantic, asking how a hospital stay could bankrupt an inherited home that had no mortgage balance.
The caseworker sighed and told him:
"Federal law requires state programs to claw back healthcare costs from deceased estates. The house cannot be sold or transferred until the balance is cleared in full."
He offered to pay a monthly settlement.
They said no. The full $114,000 is due in 60 days, or they foreclose on the property at a public auction.
A lifetime of working-class savings, wiped out overnight by a retroactive healthcare lien.
You don't own generational wealth.
You're just holding a property title until the state finds a legal mechanism to repossess it the moment you die.
Averages are meaningless when you're the one hit by lightning. Planning for care using personal savings forces you to hoard cash for a worst-case scenario, creating a massive drag on your retirement. You are betting your financial independence on an equation where you cannot answer the two most basic questions: when will you need care, and for how long will you need it?
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Scott A. Olson, CLTC®, is co-founder of zurl.co/mM9ef and host of Long-Term CareInsurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
Long term care insurance isn't for everyone.
In fact, many retirees may be better off not purchasing a policy if they could qualify for Medicaid funded long term care without significant financial hardship.
The key isn't whether long term care insurance is good or bad. The key is whether it's the right fit for your financial situation, goals, and care preferences.
That's why personalized planning matters.
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Scott A. Olson, CLTC®, is co-founder of zurl.co/NSlQs and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#longtermcareinsurance #ltc #ltci #retirementplanning #financialplanning101 #insurancetips #longtermcare #fiancialfreedom #lifeinsurance #retirement
Decades ago, if you exhausted your LTCi benefits, Medicaid forced you to spend down to $2,000 before helping.
Today’s Partnership policies solved this.
If your policy pays $500,000 in care, you legally protect $500,000 in countable savings; for you, your spouse, and your heirs.
22 Reasons Why LTC Insurance is A LOT Better Today than 25 Years Ago: youtu.be/1684VXCN9hk
Morning Star Article Breakdown: "The Simplest Way to Plan for Long-Term Care Expenses" by Christine Benz.
While having a plan is a great start, earmarking a giant pile of your own cash as a long-term care "bucket" oversimplifies the risk. Earmarking your own cash is not insuring—it's retaining 100% of the risk.
Think about the math. If you lock up $200,000 or $300,000 of your hard-earned wealth in a dedicated bucket, that money is sidelined. It's out of your lifestyle spending. Earmarking your own money doesn't give you peace of mind. It traps your capital.
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Listen to the podcast: zurl.co/bpGD7
Watch our YouTube channel: zurl.co/uOvv9
Learn more on our website: zurl.co/M2jP6
Scott A. Olson, CLTC®, is co-founder of zurl.co/M2jP6 and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
No one can age alone. If a long-term care event occurs, who will step in to manage your care?
Save this checklist for your family’s future:
• Legal care documents
• Dedicated care funding
• A trusted care circle
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Watch our YouTube channel: zurl.co/sncPa
Our website to learn more: zurl.co/lNCda
Scott A. Olson, CLTC®, is co-founder of zurl.co/lNCda and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#RetirementPlanning #ElderCare #FamilyCaregiver #LTC
The best-kept secret in retirement planning: The Long-Term Care Partnership Program, active in 44 states.
It provides legal, dollar-for-dollar Medicaid asset protection.
Every dollar your policy pays out shelters a dollar of your personal nest egg from Medicaid spenddown.
22 Reasons Why LTC Insurance is A LOT Better Today than 25 Years Ago: youtu.be/1684VXCN9hk
90% of what you read online about long-term care insurance is either:
Recycled horror stories from the 1990s or
Misinformation pushed by agents selling overpriced cash-value life insurance.
Long-term care insurance has evolved radically.
The internet’s narrative hasn’t.
22 Reasons Why LTC Insurance is A LOT Better Today than 25 Years Ago: youtu.be/1684VXCN9hk
LTCShop.com retweeted
Replying to @JaneotN
That’s wonderful. 💜
My mom had a massive stroke just after her 88th birthday & has been in a care facility since being released from hospital. Grateful she had LTC insurance, so paying for her care isn’t a worry but life changed profoundly that day.
Airbags became federally mandated in cars on Sept 1, 1998.
The government didn't retrofit old beaters.
They built modern cars to a safer standard.
Long-term care insurance did the exact same thing.
Stop judging modern, regulated policies by 1990s clunkers.
22 Reasons Why LTC Insurance is A LOT Better Today than 25 Years Ago:
youtu.be/1684VXCN9hk
What happens if your long-term care policy runs out of benefits? 👀 This little-known partnership program is the answer.
Active in 44 states, LTC partnership policies give you dollar-for-dollar asset protection against Medicaid spend-down—essentially doubling the power of your coverage. Keep your savings. Protect your heirs.
Buy my book on Amazon: zurl.co/sC9XX
Listen to the podcast: zurl.co/7h8at
Watch our YouTube channel: zurl.co/pkUDw
Our website to learn more: zurl.co/egwLd
Scott A. Olson, CLTC®, is co-founder of zurl.co/egwLd and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#RetirementGoals #SmartMoney #WealthProtection #ElderLaw #FinancialLiteracy
Most people don't realize a chronic illness rider is NOT true long-term care insurance.
If your advisor sold you one of these, check the fine print—it usually says it right on the page. On top of that, if the benefits don't grow over time, inflation will eat away at your coverage before you ever get to use it.
Always ask these critical questions before buying:
What type of policy is this?
Are you trained to sell true LTC insurance?
Does the benefit pool grow over time?
Drop a comment or hit the link in my bio to make sure your coverage actually protects you.
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Our website to learn more: zurl.co/2ERI3
Scott A. Olson, CLTC®, is co-founder of zurl.co/2ERI3 and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#LongTermCare #InsuranceTips #FinancialPlanning #RetirementPlanning #LTC
Scams don’t pay out $200 billion to 1.5 million families.
Scams aren't approved by 51 departments of insurance.
Scams dont get subsidized by federal tax deductions.
Long-term care insurance is NOT broken.
People just mistake complex risk management for a product they hope they never use.
Are you basing your long-term care decisions on 1990s myths? It's time for an upgrade. 📈
Stay tuned as we break down 22 ways LTC policies have completely transformed for the better. Want to see your numbers right now? Skip the sales pitch and visit zurl.co/DX76u to use our anonymous Policy Finder.
Buy my book on Amazon: zurl.co/1RXsO
Listen to the podcast: zurl.co/2w5ms
Watch our YouTube channel: zurl.co/BcDva
Our website to learn more: zurl.co/9Ljvr
Scott A. Olson, CLTC®, is co-founder of zurl.co/9Ljvr and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#FinancialAdvisor #RetirementPlanning #LTCInsurance #FutureProof #WealthProtection
You can pay your policy on time for 26 years and still lose everything.
Charles and Ida bought a hybrid policy thinking they were covered. But the fine print showed it was only guaranteed until age 83. By age 84—right when long-term care risk is highest—a policy like this can completely lapse.
That means over $100,000 paid in, completely gone.
Always check what age your policy is actually guaranteed to stay in force.
Need us to double-check your policy? Drop a comment or head to the website link below to run the numbers anonymously.
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Listen to the podcast: zurl.co/l4IOv
Watch our YouTube channel: zurl.co/Doep8
Our website to learn more: zurl.co/oEbvW
Scott A. Olson, CLTC®, is co-founder of zurl.co/oEbvW and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
#LongTermCare #FinancialPlanning #HybridInsurance #RetirementPlanning #LTC






