Gordon Associates Long Term Care Planning

Are you curious about the ongoing debate over long-term care insurance (LTCI) premium hikes? With premiums increasing by as much as 600% or more, regulators are working on multi-state rules to address this issue. The goal is to protect consumers while ensuring that insurance companies remain solvent. Texas regulators are actively participating, advocating for fair policies that wont impose excessive burdens on policyholders, especially those in their 80s and 90s. #LTCI #InsuraceRate https://lnkd.in/efvmh3SQ

Caring for a loved one with developmental disabilities requires a thoughtful approach to planning long-term care. From exploring financial benefits to understanding transition planning for adulthood, there are multiple facets to consider. Building a support network, exploring housing options, and coordinating healthcare are crucial steps in ensuring a secure and fulfilling future. #LongTermCare #Disabilities https://lnkd.in/gwAZhurv

As Medicare evolves to adapt to significant legislative changes, understanding the new dynamics of the Part D drug plans becomes crucial. The Inflation Reduction Act has introduced transformations in how premiums are managed, aiming to stabilize costs for enrollees while balancing insurer responsibilities. We encourage you to keep a close eye on how this rolls out, since cost savings on prescription drugs may lead to rising insurance premiums. Read more: #MedicareCosts #InflationReductionAct https://lnkd.in/gKPFkhsp

Planning for the future is essential, and long-term care insurance can be a key part of that plan. It offers financial security by covering costs that Medicare might not, helping you avoid dipping into savings. With long-term care insurance, you can enjoy peace of mind knowing you're prepared for unexpected healthcare expenses. Protect yourself and your family from the financial burden of extended care needs. Start exploring your long-term care insurance options today to ensure a secure and stable future. #longtermcare #LCTI

Dealing with a dementia diagnosis is challenging, but you don't have to go through it alone. Building a skilled support team and exploring Long Term Care Insurance can make a world of difference. Reach out today to learn more about how to secure the best care for your loved ones. #dementia #LTCI https://lnkd.in/g5sPQusp

According to BlackRock's latest Read on Retirement report, 68% of respondents feel on track for retirementa significant jump from last year's 56%. While this is great news, there are still notable confidence gaps across genders and generations. Women and Gen Xers, in particular, are expressing more concerns about saving enough and outliving their savings. #RetirementSavings #RetirementPlanningGaps https://lnkd.in/g2ZN_kfh

For Gen Xers, retirement is fast approaching. Recent studies show the median 401(k) balance for Gen Xers is $54,500, but the average retirement goal is around $1.56 million. Dont worryit's not too late to boost your savings. Whether it's increasing your savings rate, downsizing expenses, or making catch-up contributions, every little bit helps. #SavingForRetirement #GenX https://lnkd.in/dgfp4vuk

With an aging population and rising long-term care costs, many Americans are finding it challenging to secure their retirement plans. The Nationwide Retirement Institute Long-Term Care survey reveals that the financial burden of providing and paying for long-term care is taking a significant toll on families. Learn more about this pressing issue and how it impacts your future financial security. #caregivingcosts #LTCI https://lnkd.in/g6A3UW6w

The portion of the U.S. population aged 65 and older is increasing, and this trend will continue for decades. With nearly half of Americans over 65 needing some form of long-term health care, its crucial to understand the current state of these services. This comprehensive look explores challenges in affordability, staffing, and equity across various care options, from adult day cares to assisted living facilities. Stay informed and see what the future holds for long-term care in America. #LTCI #longtermcareinsurance https://lnkd.in/gGi5ef6f

Are you ready for retirement? A recent survey revealed nearly 20% of adults over 50 have no retirement savings, and with rising costs, Americans now believe they need around $1.5 million to retire comfortably. Did you know that the average retirement savings has dropped to $88,400? Whats your strategy for beating the retirement savings gap? Eliminating high-interest debt is a crucial first step. #RetirementSavings #RetirementRule https://lnkd.in/dZPQDKHr