Product Description
Over the last few years seniors have become increasingly concerned about financing medical expenses, and long-term care. This concern is justified as the percentage of retirement income devoted to health care continues to increase, rising from 16 percent in 2000 to an estimated 35 percent in 2030 according to the Center for Retirement Research at Boston College.
In this book we will look at the ways medical expenses and long-term care can be financed. The emphasis is on insurance-- private and government. However, our objective is much broader. It is to write a book that helps readers better meet their own health care needs as well as the needs of their clients and families. To accomplish this goal, we focused on explaining and describing the following: The components of health care and the settings in which they can be provided. The types of care givers. Employment related medical expense coverage, both before and after Medicare eligibility. Principal policies of individual medical expense insurance, including managed care. Consumer-directed health care plans for older clients. Interim, supplemental, and ancillary medical expense policies. Medicare, including the effects of the Medicare Prescription Drug, Improvement and Modernization act. Medicare supplements. The need for long-term care protection and the use of personal resources other than insurance to meet long-term care needs. The development if long-term care insurance and characteristics of today's long-term care insurance policies. Underwriting of health insurance and how coverage can be obtained for the unhealthy. Medicaid and other federal programs to provide health insurance protection.






