I love that Newsweek has dedicated an entire section to Baby Boomer’s. Its called Boomer Files. I would check this out daily to read interesting articles and keep up to date with current events.

They have articles like this one titlted:

Insuring Your Future Care

The article talks about insurance compnaies offering new forms of long-term-care insurance for boomers who might be willing to buy at a younger age.

Read the entire article at www.newsweek.com

News!

Long-term care insurer MedAmerica, will expand with a new carrier domiciled in Florida on Dec. 15, MedAmerica Insurance Company of Florida .Recognizing the unique qualities and opportunities of the Florida market, MedAmerica decided to incorporate a new carrier dedicated to that state.

Here’s a summary of the plan:

After a Simplicity policyholder becomes benefit eligible, they receive monthly benefits distributed from their Cash Benefit Account. Their monthly cash benefit is prepaid and is guaranteed in full each month they remain on claim, whether or not they received services. A person can use the funds as they choose, no company approval is required. Cash Benefit Accounts are available in varying amounts from $100,000 to $1 million and can grow over time using various inflation protection options.

Policyholders have been notified that MedAmerica Insurance Company of Florida has assumed their MedAmerica Insurance Company contracts issued in Florida. There are no changes in coverage or premium as a result of this transaction. Only the carrier has changed.

Source: MedAmerica.

I was browsing information on Long Term Care Insurance for a client that I am working with. I was happy to see that more interactive resources will available for people searching for tips, help and education!

Here’s a overview:

The nation’s most experienced long term care insurance brokerage LTC Finacial Partners, is offering two free assists.

- A quarterly newsletter with prevention tips

-Access to Living Longer, a new online group that will share videos and forum posts on healthy aging. The group is hosted by SuperLife World Service, a social network that promotes physical, mental, and environmental betterment.

Please visit: www.ltcfp.us/ltcfp/living-longer.html. to learn more.