Blog: Today on the Ilyce Glink Show - June 21, 2009
Added June 21, 2009 by Ilyce R. GlinkSummary: Today on the Ilyce Glink show, Ilyce discussed her trip last week to Washington, DC for the National Association of Real Estate Editors (NAREE) meeting. We had a number of questions about long-term care insurance. Long-term care insurance is expensive, but it can be a lot more affordable if you buy it in your early 50s or 60s rather than waiting until you're in your 70s or 80s, when it can be unaffordable.
Ilyce Glink Goes to Washington, DC
Today on the Ilyce Glink show, Ilyce discussed her trip last week to Washington, DC for the National Association of Real Estate Editors (NAREE) meeting.
Read more:
Questions and Answers with HUD Secretary Shaun Donovan
HUD Secretary Shaun Donovan Speaks to the National Association of Real Estate Editors
HUD's Shaun Donovan on $15,000 Tax Credit Legislation
Long-Term Care Insurance
The reimagination of health care clearly has struck a note with folks wondering how long-term care insurance will fit into the picture. we took a call from Robert, wondering what is the optimal time to buy long-term care insurance (his sister was told in her 40s, and he was told older - I said 50s and even early 60s was the best time). Charla called in to tell us about a couple that had been given a long-term care policy for a wedding present and the husband wound up needed it in his late 30s. Her message - you might need it years earlier. Nancy is a nurse and works in the pharma industry. She wonders what will happen if you pay premiums for 20 years and in the meantime, the world of health care changes dramatically.
These are all important concerns, and they've just come up before Congress. Here are some interesting things to read:
Congress Airs Concerns on Long-Term Care Insurance
Link to Congressional Bill Regarding Long-Term Care Insurance
And on ThinkGlink.com: Long-Term Care Insurance
Check back for more information on long-term care insurance.
Texas Consumer Complaint Center
We got a call from Ron who is having a problem with a credit card company and an errant balance that was supposed to be paid but that the credit card company says hasn't been paid. There has now been a summons. I suggested Ron call the Texas Consumer Complaint Center. They are the Center for Consumer Law at the University of Houston Law Center. It is staffed by personal finance and consumer law attorneys and law students and they will answer your questions. John Ventura, an attorney and bankruptcy attorney heads up the Texas CCC and he has been a guest on our show before. Check it out.
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Comments
Tony says
Question: I cannot beleive you have faith in Barney Frank being a "Leading Mind". He was an architect of the mess we are in now. He along with several others are trying to position themselves as part of the "solution". A solution to the chaos he/they was a player in creating. Please do not insult your listeners intelect in positioning such tricksters as people of integrity and intelect simply because they hold political offices. Simply read your Constitution and map it against what is going on. Tricksters is being polite..!!
Tony says
Hi Ilyce Join the dots yourself… Source: Jeff Jacoby, Boston Globe Columnist – Sept 28, 2008 “Frank (Barney) doesn't. But his fingerprints are all over this fiasco. Time and time again, Frank insisted that Fannie Mae and Freddie Mac were in good shape. Five years ago, for example, when the Bush administration proposed much tighter regulation of the two companies, Frank was adamant that "these two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis." When the White House warned of "systemic risk for our financial system" unless the mortgage giants were curbed, Frank complained that the administration was more concerned about financial safety than about housing.” Source: Merriam Webster Definition of Trickster: “one who tricks: as a: a dishonest person who defrauds others by trickery b: a person (as a stage magician) skilled in the use of tricks and illusion c: a cunning or deceptive character appearing in various forms in the folklore of many cultures” I rest my case and must agree to disagree with you. The question is who is right? If it looks, walks and talks like one, then……..
john says
I purchased LTC through Met life in our early 50's. It is a group policy through my wife's employer AT & T/ Lucent/ Avaya. We pay $53 a month for her and $66 per month me. The premiums have not changed in a almost a decade. She has been diagnosed with Diabetes type II and my cardioligist just gave me some bad news. A long term nursing home stay is one of the only things that could break us financially.
Jesse Slome says
Pleased to have found your blog because if anything, we advocate fair and balanced information regarding long-term care planning. You posed the question regarding the best time to buy this protection. The answer is when you are still able to health qualify and that starts to change as one hits their 50s. We did as study recently and of those individuals who applied for LTC insurance here are the percentages declined for health reasons. Between ages 50 and 59 (14%). between 60 and 69 (23%) and ages 70 to 79 (45%). That's just part of what people need to know and we look forward to working with you to help make more people aware of their options. Jesse Slome Executive Director American Association for Long-Term Care Insurance http://www.aaltci.org