The long term care guy

Tax Issues & Long Term Care

December 7, 2017

The Federal Government and many state governments have provided tax advantages for those who purchase long-term care insurance.

Many of the general rules discussed and examples provided have exceptions and limitations, and as a result it is possible that the general rule or example may not apply to you or your particular situation.

Please note that laws and regulations change frequently and are subject to...

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

What Are Your Questions About Long Term Care?

November 30, 2017

Though we might not enjoy thinking about it, many (if not most) of us will, at some time, have a need for Long Term Care -- either at home or in a facility of some kind.

Those who do take time to think about it, often have questions for which they need answers.

Questions such as these perhaps:

What does Long-Term Care insurance cost?

Will this pay for home care?

What if Long-Term Care insurance is not affordable for me?

Romeo Raabe, "The Long Term Care Guy," provides answers to these questions and more. Click Here for Answers!

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Thanksgiving Dinner – How is Grandma Doing?

November 22, 2017

The holidays including Thanksgiving and Christmas are times when the entire family gets together. It is often the situation where we realize someone is not doing so well on their own anymore.

Perhaps it is struggling to prepare all the food being a physical burden. Other times it might be forgetting to do something or doing it in a completely non-logical way. Physical abilities can decline as can cognitive abilities.

Such declines are not a normal part of aging but signs that something is wrong. Perhaps care is needed now that the deficit is recognized. Who will take charge, who will make decisions, is there a power of attorney for health care and for finances? Sometimes sudden choices need to be made.

The local ADRC (Aging and Disability Resource Center) can be a good place to start, but there are many other strategies and help available that they are not even aware of.

Yes, you can protect some funds for family. It is not necessary to spend every dollar of assets paying for care. There are also ways to make the available funds last much longer than simply writing checks until they are all gone. Perhaps this can leave some left over at the end.

For 24 years we have been helping families dealing with or planning to deal with the costs of long-term care. We know what you need to do BEFORE paying a caregiver so as not to become disqualified for Medicaid later. We know how to protect some assets for family. Come find out what you can do before all is spent down to the $2000 limit on assets (for a single person).

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Long-Term Care’s Terrible Cost to Families

November 16, 2017

Currently, 40 million Americans are caregivers, and the cost is far more than money. It involves loss of time with other family members, cancelled trips, lost promotions, time away from work, loss of job, loss of sleep, loss of keeping up with a career, and yes, loss of money as well.

Some people simply cannot do this, they cannot abandon their children who need them. They cannot live with criticism from siblings who will not or cannot help out, or worse yet, refuse to accept the fact that their parents are failing.

Dementia is the worst, with 57% of caregivers going to work late, leaving early, or taking time off. For physical care it is only 47% but this still takes a toll on career and the workplace loses as well. 9% give up their careers entirely – can your children afford to do this?

Then come the legal and financial woes, do your parents have durable power of attorney established? With whom? How long ago was this set up? How about power of attorney for health care? Can anyone find the documents and how old are they? Without these documents, thousands of dollars may...

To Read The Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Will You Burden Your Children to Pay for Your Funeral?

November 9, 2017

Nobody intends to leave this bill for their children, you probably have some life insurance and you certainly have money that can pay this bill.

The problem is that things change and are often out of your control. Your health changes and suddenly you find yourself needing money to pay for long-term care, lots of it. This happens to about 70% of us according the Health and Human Services (HHS).

Yes, the government will pay for long-term care once you prove that you are impoverished – broke. You must spend down everything you have to less than $2000.

You must cash in your life insurance if it is more than...

To Read The Entire Article Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Using Home Equity to Fund Long-Term Care

October 31, 2017

You can use your home to stay at home, or to pay for care so you can go to the facility YOU prefer.

But first, why might you not be allowed to go to the facility you prefer?

Long-term care (LTC) facilities need to charge for the care they provide. Their staff costs are significant and many areas of the country are doubling minimum wage, which doubles their staff costs.

The problem is, many people run out of money paying for their care and need to apply for Medicaid. Medicaid is a government welfare program that will pay for LTC once your money is completely gone.

Well, not completely, you can keep just under $2000, but you have to cash in your life insurance (over $1,500) and you can only keep $45/month from your income, so you are pretty much broke. Even that $2000 goes back to Medicaid at your death meaning your children may be passing the hat to pay for final expenses.

Medicaid pays less than what it costs for your care.

LTC facilities cannot lose money on every customer and make it up in volume. Thus they must limit the number of Medicaid recipients they allow in...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Questions On How to Deal With Long-Term Care?

October 26, 2017

Many people do have questions:

Why can’t Grandpa give us the farm? Can Grandma keep her life insurance? Doesn’t Medicare pay for the first 90 days in a nursing home? Can I give my care to my grandchild? Can my parents pay me to care for them? If I care for my parents, must I pay income taxes on what they pay me?

Some of them may be specific to your situation. Ask away and I will answer them, in a generic way with no personal information shared. You know there will be someone with nearly the identical question. 

People do not know where to turn for answers. Lawyers charge for their time. The ADRC has some help but they do not know...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Care in Your Own Home

October 19, 2017

Brand New: Inexpensive Insurance That Pays For Care in Your Own Home

Home care insurance that almost anyone can get. You’ve surely heard how expensive and difficult to get long-term care insurance can be. Now we have something new:

It pays for care in your own home (where you want to be anyway). It has only one health question – if your family were to all go on a one month vacation and left you alone at home, could you manage on your own for this time?

If your answer is yes, then you can get this coverage for home care.

If you are already receiving home care it is too late. If you wait, and your health changes, you waited too long. Besides, each year you have this before care is needed, the price drops 10% per year for a total of 40% discount.

So, if you need kidney dialysis but can function on your own, you are eligible.

If you have arthritis, disabling or not, but can function on your own, you can get this.

If you have cancer, Parkinson’s, the start of Alzheimer’s, had a stroke or several strokes, need joints replaced, walk with a cane or walker, Have diabetes, even if you’ve had amputations, you are too short (for your weight), have macular degeneration, emphysema, fibromyalgia, or have had organs replaced, if you can function on your own yet, you can get this.

You choose the amount of hours per year of care you want. You pay an annual premium (that gets cheaper each year before you need care). When care is needed this will pay for either a home care agency to come in and provide care, or it will pay a friend or neighbor...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Why You Should Care When You’re Young

October 11, 2017

A frequent misperception is that long-term care insurance is only for the elderly or infirm. In reality, 50% of people receiving care today are under age 65.

It's not hard to imagine why such is the case:

Automobile and Recreational Accidents (skiing, horseback riding etc.)
Illnesses such as multiple sclerosis, stroke or heart attack.

With many working-age adults requiring long-term care services, it is easy to see that Long-Term Care Insurance is a product that everyone, regardless of age, needs to carefully consider as an addition to his or her risk management planning.

Long-term care services are only covered by Long-Term Care Insurance. It seems simple enough, but it's true - and it bears repeating...long-term care services are only covered by Long-Term Care Insurance.

Some people believe their Disability Income Insurance provides coverage if long-term care services are needed. However, Disability Income Insurance is normally designed to provide income so you can continue to meet your everyday bills and financial needs; it is usually not sufficient to pay also for long-term care services.

What Would You Do If Something Happened to You?

If you are not financially prepared for a long-term care need, your care options may be...

To Read the Entire Article, Please Click Here.

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

 

Don’t get Burned By These 5 Common Mistakes...

October 3, 2017

...in Long-Term Care Planning.

When should the spouse at home sell the house?

Let’s say the at-home spouse does not want the too-big, ailing, inconveniently located, etc. house after the other spouse enters a LTC facility. Assume they may be spending down to Medicaid impoverishment. The home is an exempt asset for the at-home spouse. If sold BEFORE the other spouse is on Medicaid the dollars go into the non-exempt column and may well be lost.

When to set up irrevocable burial trusts:

Similar to above but for a different reason. To gain entry to a LTC facility when already eligible for Medicaid is difficult as facilities lose money on Medicaid reimbursement (and rapidly getting worse). The more money you have at entry, and thus the longer you can pay for care, the better chance...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Romeo Raabe To Key Note Oshkosh Senior Expo

September 28, 2017

At the Oshkosh Senior Expo on October 9th, during his Keynote Address at 12:00 Noon, Romeo Raabe, "The Long Term Care Guy,"  will be detailing strategies for any long-term care situation. It does not matter if you are healthy, or already receiving care. You may be quite wealthy, or poor as a church mouse. There are strategies for every situation to help with Long-Term Care.

Romeo will be giving two talks at the expo, one on this topic and a second talk on how to find the travel bargains so you can travel frugally too. A handout will be provided of where to look for the deals on...

To Read More About Romeo Raab's presentations at the Oshkosh Senior Expo, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

When A Loved One Needs Care

September 21, 2017

Sometimes you know the time is approaching, and other times the hospital calls and says discharge is tomorrow and they cannot return home by themselves. Scary business.

This Week, Romeo Raabe, "The Long Term Care Guy," shares with us some ways to prepare financially for these challenging situations:

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No matter how much time you have to prepare and choose a provider for home care or facility care, it is going to be expensive. Most people run out of funds and end up on a government program called Medicaid.

Medicaid is a payer of last resort and they check to be sure you are completely out of funds before they take over the bills.

A single person must spend down everything, car, home, checking, savings, IRA, 401k, CD’s, investments, etc. until there is less than $2000 remaining before Medicaid will take over the bills. You must also cash in life insurance as well to receive Medicaid.

So who will pay for the funeral? Your heirs will pass the hat to pay this bill instead of receiving anything left over at death. Sad, but true. There is one strategy left by Medicaid though, and fortunately there is no cost to...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

What's In *YOUR* LTC Policy?

September 14, 2017

What exactly does it cover?

Is the benefit still the same or has it grown to keep up with increasing costs? Does it cover home care, or assisted living, or nursing homes, or all three? Did the price increase? Can I lower or shorten my benefits? Which is better?

At TheLongTermCareGuy.com we get these questions quite often. It does not matter when or from whom you purchased your policy, we have probably seen ones just like yours, and are happy to review it with you. We’ve been doing this for 24 years.

If you have had a price increase we can review and see if the benefit might be more than you need and how best to reduce it (and the price). If you are not sure what it covers and how the benefits dovetail with your current income and assets, we will...

To Read the Entire Article, Please Click Here

 

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Don’t Need Long-Term Care Insurance?

September 7, 2017

"I have retirement income of $5000/month, my house is paid for, no loans due, and I have $600,000 in savings earning 5% interest (you wish). I don’t need any Long-Term Care (LTC) insurance!"

Let’s assume you are correct. And let’s assume that one of you has a stroke or dementia that requires care in an assisted living facility’s memory care unit which costs at least $7500/ month.

The cost of LTC services is increasing at a rate of 5% compound. You are earning 5% growth on your savings. The cost of living goes up 3%. Your income taxes are 15% and let’s forget about state income taxes. You retain $$2250/month for the at home spouse, and pay for care with the remainder of your income, interest on savings, and pull the shortfall from principal.

You are good for 6 years, and apply for Medicaid (welfare) in the 7th year.

If the bulk of your savings are in a qualified account like an IRA or 401k you will run out sooner. If you are not earning 5% interest on your nest egg, you will run out sooner. If the cost of care is more expensive, you will run out sooner and apply for Medicaid.

You don’t need LTC insurance, until you do...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

Go Broke?

August 31, 2017

Bob and Tom are twin brothers. They have done well in life and saved for retirement in an IRA. They each have $1,000,000, they are both married, and are now age 80.

Oh, and Tom bought long-term care insurance at age 60, a benefit of $60/day for 10 years including 5% compound inflation on that benefit.

Both Bob and Tom have just had a stroke. They each need an assisted living facility costing $5500/month or $66,000/year – increasing at 5% annually.

Bob will pay out of pocket, a $1,000,000 pocket growing at 3%. Year one he takes out $66,000 leaving $934,000, but income taxes are due so he withdraws $81,500 to receive $66,000 and leaving $918,500 to grow back at 3% to $946,055 at year end.

...Tom, remember Tom? Tom bought long-term care insurance for he and his wife back when they were only 60 years old. It cost them...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

How Much Will You Need to Set Aside?

August 24, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares some information to help us prepare for future Long Term Care needs:

Most people have no idea what LTC costs. This calculator, and the average costs I’ve listed (not from national surveys, but from seeing actual bills from Wisconsin providers) will let you calculate how much money you need to set aside now, not over time, to fund your care in later life.

These are dollars you cannot use for vacations, cruises, vacation home, helping out children or grandchildren, etc. They must be set aside to grow only to be used for LTC (or passed at death if you are in the 30% who never need such care).

Now, just for fun, let me give you a comparison of using insurance to fund LTC...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

As America Ages...

August 17, 2017

Long-Term Care Costs Could Overwhelm Most Families

The number of Americans age 65 and older is on track to double — from 46 million now to over 98 million in 2060, when today’s 20-somethings will be turning 65. At that time the 65-plus age group’s share of the population will have jumped to 24-percent from 15-percent today. One in four of us will be in the older group, at high risk of needing long-term care.

The concerning statistics are from “Aging in the United States,” a study published by the Population Reference Bureau (PRB).

The proliferation of older Americans places a big burden right now on all breadwinners in their prime productive years (20 through 65). According to the PRB, by 2030 there will be only 2.8 working-age adults for every person 65 and older, down from 5.0 in 2000.

Because of this, today’s working-age citizens, now building our economy and their own economic futures, will be hit by...

To Read the Entire Article, Please Click Here

 

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Who Will Pay For Your Funeral?

August 10, 2017

When Apple co-founder Steve Jobs passed away, he left behind a huge legacy – and a huge financial fortune too. Since Jobs was one of the richest men in America, his family undoubtedly had no problem paying for his funeral and putting Jobs to rest.

Unfortunately, that’s not the case with many other Americans. It’s a sad reality that many families and individuals have to deal with, but the truth is that when many people pass away, their family members or close friends struggle to afford the funeral.

Knowing what to do when you can’t afford to bury a relative can help to relieve some of the stress and heartache of this difficult time.

According to the National Funeral Directors Association, the national average cost of a funeral with a vault was $7,775 in 2010. The cost of a burial without the casket was about $4,265 that same year. For many grieving families, paying thousands of dollars to bury a relative just isn’t economically feasible.

Review low-cost burial options

Cremating someone is usually less expensive than burying the individual in a casket or vault. If your state doesn’t require embalming the body, consider a “green burial” where you don’t have to pay for a vault, headstone or expensive caskets. You can also shop around to...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Long Term Care ~ Will You Need It, or Not?

August 3, 2017

Considering the Risk

True or False: Long-Term Care Insurance is something that only older people should consider.

The answer is unequivocally False. “Over 50% of people receiving care today are under the age 65.”

A frequent misperception is that long-term care insurance is only for the elderly or infirm. In reality, 50% of people receiving care today are under age 65.

It's not hard to imagine why such is the case:

Automobile and Recreational Accidents (skiing, horseback riding etc.)

Illnesses such as multiple sclerosis, stroke or heart attack.

And, We all know of or can think of younger people who have had accidents which caused paralysis or someone who...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Strategies to Finance Affordable LTC

July 26, 2017

You may be surprised to learn that most people need less insurance than they suspect. Having a clear understanding of how to investigate Long Term Care Insurance will help you navigate confusing jargon and "apples to coconuts" comparisons. There are strategies to finance affordable LTC.

1. Add some funds out of your own pocket.

Most people need less LTC Insurance coverage than they think. Why? Consider this. When a person needs LTC services their lifestyle changes dramatically. There may be no need for a second car if one person is no longer driving. You will probably not need the motorcycle, the RV, snowmobiles or the boat. If travel is difficult, there may be no more Branson or Vegas trips, cruises, weekend getaways. Even dining out is more limited. The money used for these activities can be redirected toward the costs of LTC.

Adding some funds out of your own pocket to help pay for care reduces the amount of LTC insurance you need. Can the yield from your nest egg be used to help pay for...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Who Will Accept You When You Need Care?

July 20, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares with us what may be sobering news for many...

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Westchester Plaza, the largest assisted living facility in Texas that will accept Medicaid residents is closing their doors. The problem is that Medicaid pays less than the cost to care for you. If too many of the residents end up on Medicaid, they cannot afford to keep the doors open.

Many people here in Wisconsin have told me that they are not concerned about Long-Term Care because Medicaid will take care of them. Others proudly say they gave away the family farm, home, assets so they can go on Medicaid.

If successfully done, you have forced yourself into a broken system that is failing.

Many assisted living facilities will not accept residents unless they can prove finances sufficient to pay for 2 or 3 years. Others will not accept Medicaid at all and require you to sign a statement that you will leave if and when you run out of the ability to pay for your care.

At that point you are in the same boat as those who gave everything away years ago so the government can take care of them. Oh, Medicaid will pay, but if it’s not enough, you will have to search for a place that will take you.

Will it be the nicest place in town, with a waiting list of people who can pay to get it? Not likely. It will probably be the other end of the spectrum. Now you are stuck...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Why Are People Buying LTC Insurance

July 13, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares with us some compelling reasons for investing in Long Term Care Insurance:

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It used to be just a way to prevent spending your entire life’s savings on Long-Term Care costs. LTC insurance still does that, using just the interest on a bit of your savings to pay the premium versus spending the entire account on care.

There is a much more compelling reason today. Medicaid, a welfare program that will pay for care once you are completely impoverished, pays less than the cost to provide your care. Providers, both home care and facility care cannot afford to lose money on every client. Thus many now require you to provide documentation of your ability to pay for the care costs for 2-3 years before becoming their client.

Perhaps a county run home, or a non-profit will allow you to enter once Medicaid is your payment source. Tom Bodette says he will leave the light on for you but do you really want to live out your last years of life like that?

If you have the money, or the insurance to pay for your care, you will be welcomed anywhere. If for any reason you are not happy with the care you are receiving, you can change providers easily. In Green Bay, Wisconsin, where I live, all the providers know...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

What To Do When You Already Need Care

July 6, 2017

If you or a loved one needs Long Term Care you are probably worried about how long you can afford the monthly cost. Long Term care costs can run from $3,000 a month to over $10,000 a month in Wisconsin. According to the US Department of Health and Human services, of the 70% of Americans who are projected to need Long Term Care, half will be broke within 6 months.

There are a number of strategies that might be able to help. There are Veterans Benefits for this that most veterans are not aware of, and if they are, may have been told (incorrectly) that they don’t qualify. Romeo Raabe, "The Long Term Care Guy," works with several attorneys who specialize in this area. Contact him to see if you qualify for these benefits.

There are also strategies that can convert a sum of money into an income for the rest of your life.

Traditionally, this was based solely on your chronological age. If you already need care however, you may have a significantly shorter life expectancy than the “average” person of your gender and chronological age. There are strategies that...

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Annie’s Mailbox on Families Caring for Parents

June 29, 2017

This Week, Romeo Raabe, "The Long Term Care Guy," shares with us about Families as Caregivers.

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Dear Annie: I am 63, and I help daily with my 94-year-old mother, who lives by herself. I run errands, and I keep her yard nice. I have a brother and sister who live out of state. They come back to visit from time to time. When they do visit, they expect me to entertain them. I feel that because they are staying with her, it is my time to take a break. They don’t seem to realize the pressures I go through every day, when I wonder whether she will answer the door or I will find her on the floor. Am I being unreasonable to be able to “escape” mentally and physically for a couple of days whenever it is convenient for them to “escape” their out-of-state lives and visit?

–Needing a break in Pensacola

Dear Needing a Break: It is absolutely reasonable – and smart – that you want some time alone and away from the stresses of caretaking. To properly take care of anyone, you first need to take care of yourself. Look into hiring some professional help. Many insurances, including Medicare and Medicaid, include some form of hospice coverage. As for your siblings, how they want to treat your mother is their choice.

Don’t let this become your family legacy, children squabbling over who needs to be caring for mom or dad. Your children may need to work for income at the time you need someone’s help with day to day activities.

That is why Long-Term Care insurance is so necessary, and must be purchased while you are healthy enough to get it. Why be a burden on your family when you can afford to hire the in-home or facility care you want and need when your health changes? Long-Term Care insurance is not scary or expensive...

To Read the Entire Article, Please Click Here

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Alzheimer’s Progression: Is It Possible to Predict?

June 22, 2017

Romeo Raabe, "The Long Term Care Guy," shares with us an article by Marti Lythgoe, DTN Travel Nurse Editor/Writer:

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Experts estimate that specialized physicians now have the tools to diagnose Alzheimer’s disease with more than 90 percent accuracy. That fact sent me in search of data on symptoms, and when and in what order they are likely to occur after diagnosis.

About 15 months ago, my husband was diagnosed with Alzheimer’s, and I continue to struggle with 1) what about his behavior is symptomatic of the disease, 2) if what I observe will be consistent behavior (Can I count on what he can and cannot do all the time), and 3) what might be just normal aging behavior for someone his age (78).

The short answer: Well….it appears that the short answer to all 3 of my dilemmas is “You can’t be sure.” Because Alzheimer’s affects people in different ways, each person will experience symptoms – or progress through Alzheimer’s stages – differently. Even the definition of “stages” seems a little vague.

Some sources listed 3 stages of progression through the disease, while others came up with 7. And even then the reader is warned that symptoms might overlap or even not occur in...

To Read the Entire Article, Please Click Here

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Frequently Asked Questions

June 15, 2017

Romeo Raabe, "The Long Term Care Guy," gets many interesting questions about Long Term Care Insurance.  We'd like to share some of those with you today:

What does Long-Term Care insurance cost?

Less than you think, because you probably need considerably less of it than you might think. When care is needed, your lifestyle will change – considerably. There may be less vehicles, toys, travel, dining out, etc. Thus some of your income may be diverted towards the costs of that care. Even if you do not want to spend savings, you might use the interest – yield – to also help pay the bills. Only the shortfall needs to come from Long-Term Care insurance. This we may need to have a discussion of income and assets to determine who much, or how little of it, is appropriate.

What if Long-Term Care insurance is not affordable for me?

Then we can look at other alternatives to protect some of your funds from the Medicaid spend-down. On the other hand, if Medicaid becomes necessary, you may need to spend down all savings, real estate, vehicles, etc. to less than $2000 to qualify for Medicaid. Perhaps a reverse mortgage, using equity from the house, can pay for the insurance giving you choices of care instead of losing it all to Medicaid’s spend-down requirements.

What if I was told I cannot get Long-Term Care insurance?

I hear that often from people who came to me and got Long-Term Care insurance. Most insurance agents specialize in other areas. I have done nothing but the financing of Long-Term Care for over 24 years. I have access to more products and strategies than most agents who do not specialize in Long-Term Care. Thus I may be able to find coverage for you when others cannot, and probably at a lower cost than...

To Continue Reading Romeo's Frequently Asked Questions, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Alzheimer’s Deaths Increased By Over 50%

June 1, 2017

Reuters News Service reports that U.S. deaths from Alzheimer’s disease rose by more than 50 percent from 1999 to 2014, and rates are expected to continue to rise, reflecting the nation’s aging population and increasing life expectancy, American researchers said on Thursday (May 25th).

Alzheimer’s is the sixth-leading cause of death in the United States, accounting for 3.6 percent of all deaths in 2014, the report said.

Researchers have long predicted increased cases of Alzheimer’s as more of the nation’s baby boom generation passes the age of 65, putting them at higher risk for the age-related disease. The number of U.S. residents aged 65 and older living with Alzheimer’s is expected to nearly triple to 13.8 million by 2050.

There is no cure for Alzheimer’s, a fatal brain disease that slowly robs its victims of the ability to think and care for themselves.

The sharp increase in Alzheimer’s deaths coupled with the rising number of people with Alzheimer’s dying at home have likely added to the burden on family members and others struggling to care for their stricken family members, they said.

The report suggests these individuals would benefit from services such as respite care and...

To Read the Entire Article, Please Click Here

 

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

1.4 million U.S. Children Are Caregivers For Parents

May 18, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares with us some information that may surprise many of our readers:

According to the Bill and Melinda Gates Foundation, 22% of high school dropouts cite caregiving as the reason for leaving school.

Melinda Kavanaugh is one of only a few scholars around the country studying the physical and psychological well-being of these young people who are left out of other caregiver studies. Her work focuses on how to talk to children and older youths about living with ALS (Lou Gehrig’s disease), based on her clinical social work practice and research with families, children, and youths affected by neurological diseases.

“Some kids are primary caregivers – they get up in the morning, get their parents set up, and go to school. Then they come home after school to continue. The other parent may travel for work or work long hours. Some kids are in single parent households. They have to keep their fingers crossed nothing happens when they’re in school.”

60% of kids who provide care acknowledge it affects school performance and attendance. It also prevents...

To Read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Romeo Raabe Helping Solve Problems Over the Telephone

May 4, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares with us about a particularly satisfying day of helping folks who had questions.

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It’s been another fun day helping folks from all over solving problems with Long Term Care. The first call came in early this morning.

The man was referred to me by an attorney. His father is in an assisted living facility, and has been spending down his life’s savings. With very little left, the facility suggested he find a way to prepay his father’s final funeral expenses.

The attorney he first spoke with referred him here, to TheLongTermCareGuy. He had questions on disposing of an old vehicle his father owned (which would cause a problem in qualifying for Medicaid), and in how Medicare and his father’s supplement would work.

Once all his questions were answered and he understood the process of getting his father on Medicaid, we determined how much money was left to prepay for funeral expenses in a Medicaid allowed irrevocable burial trust. I was able to fill out the paperwork for this and email it to him for signatures and a check. Problems solved!

The next call was from someone who had recovered from a significant illness and had been declined for Long Term Care insurance.

It had been suggested they contact us to see if there was any possibility of coverage. After putting them on hold and calling numerous underwriters, I found...

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Are You Ignoring The Biggest Risk?

April 20, 2017

Romeo Raab, "The Long Term Care Guy," recently wrote an article that is well worth our time in reading:

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How can anyone in their right mind ignore the probability of an expensive and extensive need for care in later life?

I’ll explain how and why this is so often ignored by consumers and financial advisors after some explanations.

No matter how well you have constructed your plans for retirement and the disposition of your estate, an extended need for custodial assistance can blow up all your carefully crafted expectations.

A lifetime of savings and financial planning for retirement hopefully includes a classic estate plan that defines how assets are to be transferred to your heirs and how you want those assets to get there (assuming you still have any assets left at death).

After all this careful thought and consideration, insurance leveraging and financial planning, why would anyone ignore consideration of the fact that 70% of people who reach age 65 will need long-term care?

How can a financial planner governed by fiduciary obligation rules avoid a conversation about chronic illness and the catastrophic costs...

To read the Entire Article, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

How Much Will Long Term Care Cost?

April 6, 2017

As Romeo Raabe, "The Long Term Care Guy" reminds us: 70% of us can expect to need Long Term Care at some point in our lives.

What will it cost?

How can I afford it?

What should I be doing now?

Romeo Raabe is a professional who is totally dedicated to the financing of Long Term Care.  He offers a convenient Long Term Care Financial Calculator that can help you determine your projected costs and needs.

To access this Free Resource, Please Click Here

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Medicare & Medicaid, What’s The Difference?

March 30, 2017

Do You Understand these two programs?

This week, Romeo Raabe, "The Long Term Care Guy," shares with us an article that will help us learn their important differences.

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I was asked this question at a seminar recently, and thought a good definition of each might be of value. Medicare is health insurance at age 65. To qualify you must have paid income and Social Security taxes for at least 40 quarters (10 years). Medicare pays for doctor and hospital care, fixing us when we are “broken.”

Medicare is not free. Most of us qualify for part A, which covers hospitals and certain other medical costs. There is a monthly premium for part B, which covers doctor bills. This bill is typically deducted from your Social Security check. Most people also purchase a private “supplement” to cover deductibles, or part C, called Medicare Advantage, which is similar but requires copays at point-of-care.

Medicaid is a welfare program. You qualify by being out of money as defined in the program. Most Medicaid dollars go towards long-term care (LTC) costs for elderly who exhausted all their assets due to the high costs of this care.

Medicaid, which is the largest payer of LTC costs in the US, treats single people differently than married couples. A single person who moves to an LTC facility for care in later life does not need...

To Read the Entire Article, Please Click Here

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

A Roommate – For Life – Not Of Your Choosing

March 23, 2017

In his article this week, Romeo Raabe, "The Long Term Care Guy" points out another important reason to plan ahead!

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Assisted living facilities are typically very nice places. Many have pools or hot tubs, entertainment, exercise classes, and most now even feature a pub and free drinks (within limits). You have your own “apartment” sometimes with two bedrooms, a kitchenette, bathroom, etc.

Until...

You run out of ability to pay and need to apply for Medicaid. I am seeing assisted living type facilities now moving people on Medicaid into shared rooms. Your new roommate, for life, is hopefully a good fit for you because everything is now shared.

Many other assisted living facilities do not accept Medicaid at all. Before you can enter such a facility you must sign that when you run out of the ability to pay – you will leave.

Facilities can say no to Medicaid residents at the door. They cannot force you to leave later unless you agreed and signed BEFORE YOU ENTERED saying you would leave when out of money.

This is unique to assisted living facilities and does not, generally, apply to...

To Read the Entire Article, Please Click Here

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No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Do You Have a spouse in Long Term Care?

March 17, 2017

For many people, having a spouse require Long Term Care (LTC) in a facility is so expensive that it is unsustainable unless you purchased LTC insurance.  Not everyone did or could, so what can you do?

Medicaid is usually the answer as it will pay for LTC once you are completely impoverished.  For a single person, this means spending everything you have down to less than $2000 and cashing in your life insurance.  You are allowed to retain $45/month from whatever income sources you might have and Medicaid makes up the shortfall to pay for the care.

Married people have it somewhat better because the at-home spouse can retain use of a home, a vehicle, some savings and income.  However, estate recovery will return all remaining assets to Medicaid when the at-home spouse dies.  This usually means no inheritance is left for children.

Medicaid does give us one tool that will allow some money to be left for family, whether you plan in advance, plan when entering care, or even once you have already spent down to Medicaid impoverishment.  Let’s start with a single person…..

While life insurance generally must be cashed in if the death benefit is over $1500 (yes, one thousand five hundred dollars), Medicaid allows you to set aside money for funeral if it is in an irrevocable burial trust.  In most states $15,000 can be moved into such a trust which allows your family to...

To Read the Entire Article, Please Click Here 

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo Raabe can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Aging In Place – What Is It? What Does It Cost?

February 21, 2017

Everyone wants to age in place. People want to stay in their own home, with perhaps some help coming in occasionally to mow the lawn, clean, do laundry, perhaps some help with shopping. cooking, bathing, dressing – when help is needed with those things.

Of course, we will be healthy, just slowing down a little. Aging in place allows us to keep the pets, stay in our home, be near our neighbors and church, and for many people is the desired way we live our golden years. Nobody wants to go to a nursing home.

Aging in place is very doable for many people. As long as the home is designed with a laundry on the first floor, the doorways are wide enough for a walker or wheelchair, we are able to get into and out of the building without barriers such as stairs or steps, we should be fine. Some changes like properly positioned grab bars in the bathroom for safety can also help.

But what if we need more assistance than the above mentioned adaptive devices? What if we need someone to shop for us, prepare meals, clean the house, do laundry, or even help us with medication management, bathing, and dressing? These are activities called Long Term Care (LTC).

Home care agencies can come into come into our home on a regular basis to help with those things. They can even drive us to the bank and other errands we might feel a bit overwhelmed by. However, these services do charge an average of $90 for a single visit, which typically...

Click Here to Read the Entire Article

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

Changes Are Coming...

February 9, 2017

According to Romeo Rabbe, "The Long Term Care Guy," Yes, changes are coming. The federal government is very interested in moving programs back to states to handle and Medicaid is one of those.

The way this most likely would happen is to “block grant” Medicaid to the states. Give each state a fixed sum of money each year for Medicaid and let each state set their plans and rules themselves.

Will this mean less federal dollars for each state? Yes.  Will this mean less money for the people who need and rely on Medicaid? No.  If states are freed to set rules that make sense, they will do so and direct Medicaid to those whom it was meant for in the first place.

Currently, in Wisconsin, a married spouse of a Medicaid recipient for Long Term Care can keep a house worth up to $828,000. Medicaid will attempt to “recover” from this house after the last death. 

Wisconsin does not have a large number of houses or homes of this value. Often Medicaid is not successful in recovering the money they spent on care after the last death. Since reverse mortgages allow the at-home spouse to live in the house, why not require...

Click Here to Read the Entire Article

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

What To Look For in Long Term Care in 2017

February 2, 2017

Romeo Raab, "The Long Term Care Guy," is feeling very upbeat:

"None of this is cast is stone, but some very good things are likely to happen regarding LTC in 2017!"

The new administration is likely to make changes that will affect LTC financing. First of all is the good news that the feds plan several interest rate increases next year. Insurance companies make their money, not off the premiums they collect, but from the billions they must keep on deposit for claims.

For LTCi, this means the end of, or a significant slowdown on, pressure to raise rates. Hey, they’ve been promising 5% compound inflation and only earning 3%, they can’t go on like that.

Many states would like to make changes to how Medicaid (which pays for the majority of LTC) is divied up. Most Medicaid dollars go toward LTC costs. By block granting Medicaid to the states and letting them determine how to best use those dollars, a lot of abuse can be stopped.

Right now, your spouse can have $2,000,000 in an IRA or 401k and it is not a countable asset in determining if you get Medicaid for your LTC. We are giving Medicaid to millionaires...

Click Here to Read the Entire Article

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

When Roles Reverse: Caring For Mom or Dad

January 5, 2017

This week, Romeo Raabe, "The Long Term Care Guy," shares with us on a topic that touches many of our lives.

Andrew sits in my office exhausted and emotionally spent. Until a year ago, his life was going well. In his late 40s, Andrew found his business thriving post-recession. He worked long hours, but it was paying off. He was proud of the home he and his wife Alison had worked hard to buy. His two children were in a good school and doing well. Alison had a successful career. While always juggling, they were holding it together.

Then everything changed. Last year, Andrew’s 76-year-old father Henry started to deteriorate and was diagnosed with Alzheimer’s. Now, Andrew, Alison and Andrew’s mom have to deal with both the emotional devastation of seeing Henry decline and the daily impact his disease has on all their lives.

Many conditions of aging require intensive, hands-on, expensive care. But, like most of us, Andrew never thought about this hardship: it happened to other families, not theirs.

Now that it had hit them, they realized that the government and insurance companies do not pay for the extent of care needed in aging. It was on them. They had no plan for the work and money involved in caring for Henry...

Click Here to Read the Entire Article

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Sent You!

A Long Term Thank You Note

December 8, 2016

Romeo Raabe, "The Long Term Care Guy," has just launched his new website, featuring his weekly blog posts, financial calculators, a wealth of information on Long Term Care.

While the website is new, you can continue to find it at the same web address: http://www.thelongtermcareguy.com/

This week, Romeo would like to share with us a Thank You note he recently received:

Many people are apprehensive to go visit an insurance agent. It’s even worse when the topic to be discussed in needing Long Term Care. Heck, nobody wants to talk about it and definitely do not want to be sold more insurance.

Here is a thank you I just received from someone who came in to purchase Long Term Care insurance, and I explained his employer’s option was a better deal for him.

"Good morning Romeo,

My wife and I want to say thank you for visiting with us on very short notice last Wednesday night. You’re analysis of our potential LTC needs / shortfall was both enlightening and easy to understand. Most importantly, you highlighted what option was going to cover our needs for the best value. We did not plan on writing a $54+k check, after your presentation the check was mailed. While we hope to never need to use the insurance, we have peace of mind we have significant coverage available. Had we not met you prior to Nov. 29th, we would have passed on what ended up being a very good option from my employer – potentially a very costly mistake.

While we did not end up buying a policy from you, we have passed your name onto others – in fact, you have an appointment set up with My wife's sister and her husband. Thanks again for your help."

No matter what the situation involving Long Term Care, planning ahead or already in care, Romeo can usually help your position. Often it’s just giving some advice. There is never a charge for consulting with The Long Term Care Guy.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Please let him know that The Green Bay News Network Send You!

LTC Facilities Declining New Residents ~ Or Closing Wings

November 3, 2016

Romeo Raabe, "The Long Term Care Guy," asked us to share this post from his blog with our readers:

Six Long Term Care Facilities in N. E. Wisconsin are Declining New Residents or Closing Wings. In Green Bay, WI, at least three new Long Term Care facilities have been built every year for the past 10 years. They seem to have little difficulty in filling them.

It seems the problem is not in filling them, but in staffing them. Yes, Door County Wisconsin is a resort area that for decades has struggled to find seasonal workers for the various tourist resorts. But these are full time, year round jobs that are just not fillable.

Most LTC workers earn minimum wage or close to that. The nurses are busy with required paperwork.

What is happening to the minimum wage that nobody will come work for it? This is not a political comment, but rather simply notice of what is happening demographically in America. We didn’t have enough kids. Nobody has had a dozen in many years. We are getting older and have fewer young ones who can do the work to care for us. Minimum wage is difficult to live on and in many parts of the country minimum wage is...

Click Here to Read the Entire Article

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Study: Elderly’s Family Caregivers Need Help Too

September 22, 2016

Nearly 18 million people care for a relative older than 65 who needs help.

Yet, “the need to recognize and support caregivers is among the most significant challenges” facing the nation’s swelling elderly population, their families and society, according to the report from the National Academies of Science, Engineering, and Medicine.

Describing family caregiving as “a critical issue of public policy,” a committee of experts in health care and aging said the next presidential administration in 2017 should direct a national strategy to develop ways to support caregivers.

According to the report, people who help elderly family members with three or more personal tasks a day devote 253 hours a month to caregiving — almost the equivalent of two full-time jobs.

Five years is the median duration that family members care for older adults with high needs, the report said. For some Americans who accept that responsibility, that can mean taking a less demanding job, foregoing promotions or...

Click Here to Read the Entire Article

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

How About Some Extra Bills!

August 29, 2016

Would an extra bill coming every month of between $3500 and $9000 be a problem in your retirement?

70% of us will need some Long Term Care once we've reached age 65, according to the US Department of Health & Human Services. Those are not good odds to bet against. Just like a car accident; without car insurance, most of us cannot afford the costs of Long Term Care without LTC insurance.

Most people do not need as much of it as they initially assume, due to the changes in lifestyle when someone needs care.

There will be less cars, toys, travel, even less dining out when transportation becomes problematic; meaning the income you now use for fun and travel now, may be able to be redirected to the costs of LTC. Even if you do not want to spend down savings, the interest those savings can generate can help pay for LTC. Only the shortfall might come from LTC insurance.

There are significant price differences between insurance costs among the companies offering this insurance. That is why your best bet is to seek advice from someone not only familiar with the costs in your area, but also has access to many different insurance companies.

The time to investigate is when you are still healthy enough to be considered for coverage. Diabetes, bone density problems, cancer, memory or mobility issues can cause coverage to be unavailable.

Consider investigating with The Long Term Care Guy. They have been helping people with the costs of LTC for 23 years – it's all they do. Romeo Raabe - The Long Term Care Guy - can even be of some help to those already in care now, protecting some assets from the Medicaid spend down. Give them a call, and schedule a time to investigate your situation.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  Be sure to tell him that The Green Bay News Network Sent You!

Inflation & Long Term Care

August 4, 2016

Back in April of this year, Romeo Raab, "The Long Term Care Guy," posted an excellent article pertaining to inflation and long term care.  We'd like to share it with you:

I am continuously appalled to find insurance agents offering Long Term Care (LTC) insurance products that contain no 5% automatic, built in inflation on the amount the policy will pay when care is needed. LTC insurance is purchased while still healthy enough to obtain it, and may not be used for 30 or more years.

If I tell you what LTC may cost 30 years from now, you may not believe me, so let’s go back and let history tell us about inflation. 30 years ago you could buy a new Ford Mustang coupe LX for $7189. A first class US postage stamp was 22 cents, and a nursing home cost about $1600 a month. You probably have some idea of what those cost today.

Most LTC workers are minimum wage employees. The nurses and administrators are doing paperwork. Minimum wage is going up by over 100% in several states to $15.00 per hour. What will this do to the costs of LTC...

To Continue Reading This Article, Click Here

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Finding the Best Deal in Long Term Care

July 7, 2016

Have you looked into Long Term Care Insurance and decided it was too expensive for your budget?

For many financial advisors, Long-Term Care insurance is a once in a while, also have product. Most have one or perhaps two companies to choose from and suggested coverage is not always the most appropriate.

If you are serious about investigating this, call the professionals with 23 years of experience in Long Term Care planning.

We take into consideration how your lifestyle will change when one cannot take care of themselves anymore. It is probable that money spent on toys and fun may be redirected towards the costs of Long Term Care resulting in less insurance being needed to make up the shortfall.

There are also considerable difference in pricing between companies. We check them all to find the best deals for you.

Look us up at TheLongTermCareGuy.com, read our blog at TheLongTermCareGuyBlog.com, or call us at 884-3030. And, if you have any questions about present coverage, let us review it and give you tips on how best to utilize it.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

$18.3 Million per Hour ~ Romeo Raabe Reports from Washington

June 9, 2016

"On a recent trip to Washington, D.C. to discuss Long-Term Care and Medicaid issues with fellow industry professionals (including Heather Lindsley, of Woodmen Financial Resources) and government officials, I saw large posters in many of the D.C. subway stations from the Alzheimer’s Association. They all said that the federal government spends $18.3 million dollars on Alzheimer’s EVERY HOUR. That is a pretty large number, and comprises many areas, but one of the largest is the Medicaid program.

Medicaid will pay for Long-Term Care when you have completely exhausted your assets paying for your care. Completely exhausted means you have less than $2000 to your name, and have sold all else and cashed in your life insurance over $1500 worth.

Unfortunately, many of us will end up in this situation with nursing homes locally easily running $10,000 per month and assisted living being half that cost (dementia care is often $6500/month for dementia care though). How many of us can afford such a bill every month, for years on end?

That is why Medicaid was developed; it is a welfare program for people needing care who are completely broke. When all the baby boomers were in their highest earning years, and we had relatively few people needing Medicaid, the budget was fine. But now that boomers are turning 65 at a rate of 10,000 per DAY, we don’t have enough caregivers, or money to pay for them to satisfy the need.

If you thought professional advice might be helpful in saving for retirement, then planning for Long-Term Care is even more involved. We at TheLongTermCareGuy.com have been doing nothing but the financing of Long-Term Care for over 23 years. We know how to help you find funds for care, stretch the funds you have, or how to protect some of your assets for family when no other option is available. We also offer Long-Term Care insurance from more carriers than anyone else; for those who want the least expensive solution and are planning ahead.

If you have questions about your current Long-Term Care insurance, are considering its purchase, or have other questions about protecting your funds from the costs of care, call the experts who have more experience than anyone in Wisconsin in this field."

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030.

You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Do You Worry About Paying For Long-Term Care?

April 28, 2016

60% of adults do; according to a recent study

A recent study claims that 60% of adults worry about how they will pay for Long-Term Care (LTC), and 10% said it was their top concern. While two-thirds of consumers agree that most people need LTC insurance, only 16% own any.

Most people have never investigated LTC insurance, and simply “think” it is too expensive. Many insurance agents, who dabble in this product, feed that myth by suggesting policies that are way too large for the consumer’s needs.

When someone needs LTC services, their lifestyle changes drastically...

To Continue Reading This Article, Click Here

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

You think Long-Term Care insurance is expensive? Really?

April 21, 2016

Did you know that a 65 year old person can buy $850,000 of coverage for less than $2000 a year; even less if married - with the spousal discount?

Why spend down to Medicaid impoverishment and then try to find a place that will take you on the money-losing reimbursements that system pays to providers?

Many people are surprised that when this coverage is chosen appropriately, it is much less than they feared, and far better than spending down into impoverishment for Medicaid, a welfare program.

Bear in mind that you may not need two cars when one cannot drive. Same for the boat, snowmobile, motorcycle, camper, plus no more trips to Branson, cruises, etc. When you cannot do the fun things anymore, those dollars can be reassigned to pay for some of the Long-Term Care costs. Then the interest on your savings can also help out, while not using up the principal.

Ok, back to my original claim for a 65 year old.

My example is a 65 year old purchasing $70/day benefit that will last for ten (10) years of collecting when care is needed. That $70/day number goes up every year by 5% compound to keep up with the increasing cost of care. That is built in to the premium so do not expect premium increases for this. In 15 years, the $70/day figure will have doubled to $140/day. With that and a Social Security check and perhaps a bit of interest from your savings and voila, you have covered the cost of Long-Term Care.

Every case is different, so investigating with an expert in this area is far better than someone who dabbles and has sold 3 policies this year.

We will help you think through how little of the insurance you need to make up your shortfall, give you pricing on the best company for your ages and health, and then you decide if it is worthwhile or not.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

How Your Home Can Help You Pay For Long-Term Care

April 7, 2016

Yes, it is possible for your home to help pay for your Long-Term Care (LTC) and possibly help keep you in your home longer.

For many seniors, the home equity is their largest asset. Using that asset to help keep you at home, versus in a LTC facility, can make sense. There are a number of strategies on how this might happen.

First, let’s review the Medicaid rules for paying for LTC.

Medicaid is the fall back option for people who cannot pay for LTC themselves. If you are single, you must spend down EVERYTHING you have, down to $2000, including the sale of the home, auto, IRA’s, cash in life insurance over $1500; pretty much devastating your finances. If married, the spouse at home can retain use of (Medicaid will recover later, so children may not inherit) the house, one vehicle, some savings and income.

Since the house will be subject to estate recovery, where Medicaid takes it after last death preventing your children from inheriting it, why not use it to pay for your care – at home or in a facility...

Click Here to Read the Complete Article

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.

Discrimination in Long Term Care?

March 31, 2016

Yes, it is legal, despite what an article in the USA Today newspaper stated last week. Long-Term Care (LTC) facilities can and do discriminate on whom they allow in.

The problem is that many people do not plan for LTC costs. The insurance that pays for LTC is not cheap, but is actually quite reasonable compared to what it will pay out for your care when needed. The problem is that many people will put more time and effort into finding a way to get onto Medicaid (welfare), than into finding out how they might be able to pay for their care and have choices.

A good friend is currently trying to get her mother into a facility in the Midwest.

Most of them are asking about her mother’s finances. If she has enough to pay for a number of years, they will accept her. If soon to be on Medicaid, they will not. Others will accept her only if she signs that when she runs out of money and turns to Medicaid, she must leave. How difficult will it be for her to find a facility to accept her then, when they will be losing money on her from day one?

Click Here to Read the Full Article

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web. 

Meet Romeo Raabe

March 17, 2016

Known personally and professionally as The Long Term Care Guy, Romeo Raabe may well be one of the most active and interesting businessmen in our community.

Romeo travels to numerous state and national conventions as a speaker on the topics of financing Long-Term Care, and how to use Long Term Care insurance appropriately. He is trainer for the largest "wholesaler" of Long-Term Care insurance products in the Midwest. In this capacity, he travels and trains agencies on how to implement Long-Term Care Insurance products in their client planning strategies.

Romeo mentioned that helping people finance long term care has been a passion of his since 1988.

"I put together strategies to help people plan in advance while still healthy, strategies for those not healthy enough to qualify for LTC insurance, and even strategies for those already in care; helping them make their money last, or protecting some of their funds. I partner with financial planners all over Wisconsin, helping their clients investigate how to deal with Long Term Care."

As we've pointed out in previous articles, Romeo Romeo writes the Long Term Care Partnership Certification classes, both the 8 hour initial certification and the 4 hour bi-annaul re-certification course. All Wisconsin agents must have these courses if they are selling Long Term Care Insurance. He teaches these classes throughout the midwest.

Just a quick glance at the Schedule Page on his website, will give you an idea of the esteem and demand in which Romeo is held in the industry:

March 10, 2016
Teaching the Long Term Care 4 hour recertification course for NAIFA at Brett Favre's restaurant in Green Bay

March 23 through 30, 2016
Teaching Long Term Care insurance appropriate sales techniques to agents in Denver, Colorado and Los Angeles, California

April 29 & May 6, 2016
Teaching How To Travel Inexpensively, Using The Internet for Learning in Retirement at NWTC in Sturgeon Bay, WI

May 13, 2016
Teaching CPA continuing education on Long Term Care planning at Schenk Accounting in Appleton, WI

May 16 to 18, 2016
Presidents conference at Auto Owners Insurance Company in Lansing, MI

Although we were pretty sure we knew the answer to this, we asked Romeo why he's in this business:

"I enjoy helping people find ways to finance their long term care."

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

When a Loved One Needs Help

February 4, 2016

When a loved one needs help with their day to day activities, such as shopping, cleaning, bathing, dressing, etc., it is scary for them. It is also scary for the family, as this care is expensive.

Care at home can be as costly as care in a Long-Term Care facility. Fortunately, most people today will never need a nursing home, but the assisted living facilities range from $3000 a month to $6000 a month, with dementia care  being the most expensive.

Few people are prepared for such a monthly bill like this.

Fortunately there is a program called Medicaid that will pay for such care, but only once you are completely impoverished. A single person can retain only $2000 of assets, $45/month from their income, they can keep life insurance that pays out less than $1500 at death – otherwise it must be cashed in.

Medicaid does allow one additional item, however. You are allowed to set aside up to $15,000 into a special account so your children do not end up having to pay for your final burial expenses.

This money must be put into an irrevocable burial trust; and this is a large part of our business here at The Long Term Care Guy.

You can set up this special trust account even if you are in a facility and currently “spending down” to Medicaid. Your family has complete control over how much, how little, and where this money is spent for final expenses. The remainder is returned to your estate after all the bills are paid.

A little known fact is that not only can you do this for yourself, but you can also fund such special trusts for each of your children AND their spouses. Who would you rather leave your money to? You do have a choice!

For information on this, or any other questions relating to how Long-Term Care is financed, call us at 920-884-3030. We host family meetings regularly; often just to explain options to families that are confused over what to do.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

L.T.C. School

January 21, 2016

To help you better understand Long-Term Care Insurance, Romeo Raabe, The Long Term Care Guy, would like to take you to School!

An online, Long Term Care School, that is!

Romeo Raabe's LTC School will will walk you through an online resource, explaining what long-term care is, and why you should consider adding this valuable coverage to your financial portfolio.

It will take approximately 15 minutes to completes. This information will enable you to make an informed decision about whether or not long-term care insurance is right for you.

Click Here to Go to School!

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

Long Term Care ~ Why Think About it When You're Young?

January 7, 2016

A frequent misconception is that long-term care insurance is only for the elderly or infirm.

In reality, 50% of people receiving care today are under age 65.

It's not hard to imagine why such is the case:

Automobile and Recreational Accidents (skiing, horseback riding etc.)

Illnesses such as multiple sclerosis, stroke, or heart attack

We all know of or can think of younger people who have had accidents which caused paralysis or someone who has a disease, such as Parkinson's.

To learn more, Click Here

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

Unique Job Opening for Care Consultant

December 17, 2015

If you are passionate about helping people make Important Life decisions, then this may be the opportunity for you.

Romeo Raabe, The Long Term Care Guy, has several positions available for Independent Long Term Care Consultants.  The great news is you don't need to be an expert in Long Term Care to get started.  

Romeo travels all around the country educating professional Long Term Care Consultants on the ins and outs of long term care insurance, and he is now interested in training several area consultants.  At the end of your training, you will take the certification tests to become a licensed Long Term Care Consultant.  

Romeo writes and teaches the certification courses required to sell any type of Long Term Care insurance for various schools and insurance associations.

Romeo also teaches volunteer courses for Learning In Retirement at UWGB and NWTC on LTC, Travel Bargains Using the Internet, and How to Use Ebay.

If you were to ask Romeo what his specialty is, he would say, "Choosing appropriate coverage for Long Term Care Insurance, and finding ways to help people avoid Medicaid when long term care is needed."

Here is your chance to learn from an area expert, help Green Bay area residents, and make some good money at the same time.

If you noticed, this position is not posted as a sales position, but rather a consulting position.  That's because Romeo is interested in training people who are passionate about helping other people.  Other requirements include having the willingness and ability to learn the subject material, travel around town to meet with people, and to successfully pass the certification test required to represent these products. 

Whether you are looking for full time or part time work, you are invited to apply for this position.

If this sounds like a good fit for you, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web. He's looking forward to training you!

Learn How to Protect Your Money with An Irrevocable Funeral Trust

November 12, 2015

Did you know that a Funeral Trust can protect some of your money from nursing care costs?

Even if you have life insurance to pay for final expenses, these Trusts are necessary. Your family or beneficiaries will not have immediate access to life insurance money.

To watch a short, informative video about Funeral Trusts, Click Here.

If you're interested in learning how to protect your money with a Funeral Trust, Check out Romeo Raabe's Tips to Remember

For more information on this or other related topics, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

How To Pay for Long Term Care

October 15, 2015

What Can Be Done to Help Financially when You Already Need Care?

If you or a loved one needs Long Term Care, you are probably worried about how long you can afford the monthly cost.

Long Term care costs can run from $3,000 a month to over $8,000 a month in Wisconsin. According to the US Department of Health and Human services, of the 70% of Americans who are projected to need Long Term Care, half will be broke within 6 months.

There are a number of strategies that might be able to help. There are Veterans Benefits for this that most veterans are not aware of, and if they are, may have been told (incorrectly) that they don’t qualify.

There are also strategies that can convert a sum of money into an income for the rest of your life.

For more information, or, If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

How many children will be left to pay for their parents' funerals?

September 30, 2015

"More than you would think" is the correct answer to that question.

Life Insurance will only cover your final expenses IF you still have a policy at the time of your death. Unfortunately, many of us are forced - by circumstances - to cash in our policies prior to death.

One of these circumstances is the need for Long Term Care: 70% of us will need long-term care in our later life.

Long-term care is very expensive, and most of us do not have the ability to pay for it. So,we are forced to spend down our assets. At that point, we may qualify for Medicaid, a state/federal program that will pay for long-term care once we are completely impoverished.

For most of us, this means spending down to $2000 of assets, being allowed to keep just $45/month of our income, and cashing in life insurance worth more than $1500.

Fortunately, Medicaid rules allow us to put aside up to $15,000 into an account that cannot be used for anything other than burial expenses. These funds are available at death, even before the death certificate is produced, to pay final expense bills. This is called an irrevocable burial trust.

Why force this bill on your children, when you can set aside some money - before it is gone - for this very purpose?

For more information, or to set up your irrevocable burial trust, contact The Long Term Care Guy, using the phone number and links below:

If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo Raabe a call at 920-884-3030. You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.  

Who Needs Long Term Care Insurance?

September 24, 2015

Why should a person buy Long Term Care insurance (LTC) at age 50, when they may not need care, typically, until age 80? Why pay premiums all those years? Who wants to spend money for 30 years of premiums?

Seems like a logical viewpoint, why start paying premiums now when it could be 30 years before you might need care. As long as you stay healthy it’s a valid viewpoint. If only you could guarantee that!

Health Can Change: Did you know that 40% of the people receiving LTC services in this country are between 18 and 64? Many people go to the doctor every year for a check up and stay in good health, until the checkup where the doctor tells you the results of a test and prescribes metformin, or fosomax, or warfarin, or prednisone, any of which might be prescribed for someone who appears healthy, able to do all their normal activities, but can no longer purchase LTC insurance.

Inflation Happens:  Did you save up to pay cash for your first house? The house went up in price faster than you could save. Good LTC insurance has a built in 5% automatic annual increase in the benefits it will pay when care is needed. Every year you put off purchasing LTC insurance means a larger benefit will be needed, and you are another year older. Once you have a policy, every year your benefits increase to keep up with the increases in the cost of care. Owning a policy puts inflation on your side.

LTC Insurance is Becoming Harder to Get: Some policies will let you purchase 10 years of care, but most limit you to just five years of care maximum. Things that used to kill us, now “wing” us necessitating much longer periods of care, its very expensive, and the insurance companies are afraid to cover us for life anymore. Medical conditions that were acceptable to LTC insurance companies a few years ago will now cause you to be turned down. Medical research has documented the link between diabetes and dementia, causing declines for diabetes now that would have been acceptable several years ago.

When Should You Investigate LTC Insurance? While you are still healthy enough to get it, and it is affordable. Most people are surprised to learn that they need less of it than they initially expected – once appropriate advice is considered. If you purchase coverage at age 50, and paid for 40 years, you would pay less in total than if you waited until age 60 and only paid for 30 years. By 60, a fourth of us can no longer qualify to buy LTC insurance. Get it while the getting is good.

If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo a call at 920-884-3030.  You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visitThe Long Term Care Guy on the web.  

We Welcome "The Long Term Care Guy" To The Network!

September 17, 2015

We are extremely pleased to introduce and welcome Romeo Raabe, "The Long Term Care Guy," to the Green Bay News Network!

Romeo Raabe has been helping people in Green Bay finance Long Term Care through Long Term Care Insurance, as well as strategies to help folks needing care to pay their way in the absence of insurance, for the last 22 years. 

When doing business with someone on such a personal issue, it's iimportant to most people to know that the person with whom they are talking really understands their problem.  Romeo speaks frequently on the topic of financing Long Term Care, and protecting money from the costs of Long Term Care, to churches, civics groups, and others.

Romeo writes and teaches the certification courses required to sell any type of Long Term Care insurance for various schools and insurance associations.

On a personal note, Romeo teaches volunteer courses for Learning In Retirement at UWGB and NWTC on: LTC, Travel Bargains Using the Internet, and How to Use Ebay.

If you were to ask Romeo what his specialty is, he would say, "...choosing appropriate coverage for Long Term Care Insurance, and finding ways to help people avoid Medicaid when long term care is needed."

If you think you can't afford Long Term Care Insurance, or won't be able to afford Long Term Care when the need arises, give Romeo a call at 920-884-3030.  You can also reach Romeo via email at rraabe@thelongtermcareguy.com, or visit The Long Term Care Guy on the web.