As a Guardian for the elderly and disabled, we get an inside view at the curve balls life throws at people. We get to see the best case scenarios, but more often than not, we see the worst case scenarios.
This is why we are such big believers in Long Term Care insurance. We’ve seen what happens when someone actually purchased and then needs their LTC insurance and what a big difference it makes in their quality of life. We’ve also dealt with the other side of things, when someone is elderly or disabled with hardly any resources available to them and how difficult life can be in that situation.
Experiencing this over and over again was enough to make us a believer in LTC insurance. But don’t just take our word for it. Here are some statistics about the use of LTC insurance. We think the numbers speak volumes. (*Note: We are not insurance salespeople, nor do we play them on TV.)
IMPORTANT POTENTIAL CHANGES IN GUARDIANSHIP: Current proposed pending legislation has the potential to affect all within the guardianship community. If you are a Guardian, Elder Law Attorney, or a member of the FSGA community, we urge you to consider attending the hearing scheduled in Tallahassee on Tuesday February 17, 2015 from 1 pm – 3 pm – Justice Appropriations Subcommittee Hearing, Morris Hall (17HOB). Read more about FSGA’s position opposing segments of the proposed legislation.
Plan administrators for some state pensions are becoming concerned about retirees who may become re-employed, which could make them ineligible for their pension benefits. This is so much of an issue that they require an annual certification to attest that the retiree is still not employed for their benefits to continue.
We have one client who we must complete the form on every year who was born in 1920, making her 94 years old. And yet, we still have to re-certify that she is not gainfully employed.
According to the letter we received, failure to complete the requested form results in the following action: “the trustee will presume that she is reemployed and will suspend her benefit until we refute this presumption.”
While we understand the need for younger pension recipients to recertify their unemployment status, you would think that common sense would dictate requiring the recertification only until a certain age. But apparently bureaucracy has no ability to factor in common sense.