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Seniors ill-prepared for long-term care needs: survey – Only 10% plan to use long-term care insurance

According to a Leger marketing survey in the latest issue of Investment Executive:

56% of Canadians are unaware of the costs of long-term care in their province,
And most are unprepared for the prospect of incurring such costs.
Two-thirds of those surveyed said they do not have […]

By |April 30th, 2013|News|Comments Off on Seniors ill-prepared for long-term care needs: survey – Only 10% plan to use long-term care insurance

Long term care – who will pay the bill?

I attended a lunch in February put on by the Institute for Research on Public Policy. The room was jammed, not an empty seat. Wonderful I thought…..maybe something may actually begin to change.

The panel featured three speakers:

David Baker, Sun Life Financial who made the […]

By |April 30th, 2013|News|Comments Off on Long term care – who will pay the bill?

Spring 2013 Views

On April 24 I spoke at HUB’s Professional Development Day. My topic: Long Term Care and The Devil Called Denial. The room was full and at the conclusion of my talk there was a run on myAdvisorwise Care Planning Program.

I feel the winds are finally starting […]

By |April 30th, 2013|Views|Comments Off on Spring 2013 Views

John Moody, Founder of Family Transitions

I believe in finding the best person to do the best job. Therefore I continue to search for people to add to my network who in turn may assist you, the professional advisor.

I would like to introduce you to John Moody, Founder of Family Transitions. […]

By |April 30th, 2013|Views|Comments Off on John Moody, Founder of Family Transitions

Dave Aschaiek, Founder of High5Financial

I would also like to introduce you to Dave Aschaiek, Founder of High5Financial. Dave specializes in financial and dispute resolution to support caregivers of the elderly.

According to a 2006 Health Council of Canada Survey, roughly 41 percent of caregivers have used personal savings to provide […]

By |April 30th, 2013|Views|Comments Off on Dave Aschaiek, Founder of High5Financial

Watch Karen Henderson talking about long term care on YouTube!

Karen was recently interviewed by Jason Heath, a Fee-Only / Advice-Only Financial Planner & Income Tax Professional at Objective Financial Partners Inc.

Watch on YouTube

CONTACT KAREN TO LEARN MORE ABOUT HER SPEAKING/COACHING EXPERTISE.

By |January 30th, 2013|News|Comments Off on Watch Karen Henderson talking about long term care on YouTube!

Long term care needs reform: C. D. Howe Institute

A new report from the C.D. Howe Institute calls for innovative reforms to prepare for the coming surge in demand for long-term care services that will be driven by aging baby boomers.
It poses two questions:

What is the right combination of public and private coverage […]

By |January 30th, 2013|News|Comments Off on Long term care needs reform: C. D. Howe Institute

CLHIA Report on Long Term Care Policy

In June 2012 CLHIA (Canadian Life and health Insurance Association Inc.) released an extensive policy paper entitled Improving the Accessibility, Quality and Sustainability of Long Term Care in Canada. This paper examines the future cost of long term care in Canada over the next 35 years […]

By |January 30th, 2013|News|Comments Off on CLHIA Report on Long Term Care Policy

So what’s missing from the CLHIA recommendations?

The conclusion reads:
“The life and health insurance industry feels strongly that the time for reform is now in order to prepare for the needs that long-term care will face. Our industry stands ready to play an important role in supporting governments and stakeholders […]

By |January 30th, 2013|Views|Comments Off on So what’s missing from the CLHIA recommendations?

Patients needing long-term care clog hospitals

Provinces trying to support more seniors to return home with supports
CBC News Nov 29, 2012

On any given day about five per cent of acute hospital beds are occupied by “alternate level care” patients and 85 per cent of them are seniors. Seniors are clogging […]

By |January 30th, 2013|Views|Comments Off on Patients needing long-term care clog hospitals

Beyond life insurance: disability and critical illness considerations

TERRY CAIN The Globe and Mail

It’s that nagging feeling. I have insurance – but is it enough? Is it the right kind? How do I know?

Most people who earn income and have a family have some form of life insurance – either through an […]

By |December 30th, 2012|News|Comments Off on Beyond life insurance: disability and critical illness considerations

One fifth of long term care insurance claims result of Alzheimer’s

Alzheimer’s disease, stroke and arthritis rank as the top causes of for long term care insurance claims according to research. Insurers paid $6.1 billion in claims according to the American Association for Long-Term Care Insurance.
Approximately 200,000 Americans receive benefit payments as a result of […]

By |December 30th, 2012|News|Comments Off on One fifth of long term care insurance claims result of Alzheimer’s