AUTHOR: James Mcglynn on 11/25/2024 FIRST: stelea99 on 11/25/2024 | RECENT: James Mcglynn on 11/26/2024
Comments
Ten years ago I bought a One-America Hybrid LTC policy which embodies the concept of "self-funding". The policy is essentially a second-to-die life insurance policy. I put down a lump sum and pay an annual premium to ensure the benefits never expire. If not completely spent for LTC the remaining funds will be paid to survivors. The premiums are fixed. They are not inflation-adjusted. The benefits will be non-taxable. Having this policy on my balance sheet protects the rest of my investment portfolio. I wrote the policy myself and did for a handful of other friends. I am no longer working but the policy is in force and there have been no rate increases as the policy was not underpriced at the start.
Actually that is why I wrote this. I am with United Healthcare and their "Renew Active" program covers my pickleball membership. I hear that in January that might be dropped. If it is dropped I plan to look for coverage that will pay for my pickleball membership. Because Medigap can be changed "at anytime" i will be able to look for other coverage at that time.
I think the "C" word is "crying". As a contributor to your site you told us of this diagnosis earlier. You connected deeply with your readers and their love and anguish are evident. We've been truly blessed by your site Jonathan.
Michael very inspiring. Have you tried teaching English at Angloville in Poland? Teach for a week and have zero expenses at their resort venue. I've done 3x and have made good friends. I've only worked up to 3 weeks myself.
Ken thanks for your numerical comments. When people used to balance their "checkbooks" (?) I know there was a huge tendency to round up. My "fun with numbers" takes a different tack. Whenever I fill-up the car with gas I never round-up because I want to have another check that I bought gas without saving receipts. Instead I try to end the fill-up with symmetry or a numerical palindrome. Instead of $23.50 I would try for $23.32. Instead of $31 I would try for $31.13. When I look at my statements I have more confidence that I bought the gas.
Comments
Ten years ago I bought a One-America Hybrid LTC policy which embodies the concept of "self-funding". The policy is essentially a second-to-die life insurance policy. I put down a lump sum and pay an annual premium to ensure the benefits never expire. If not completely spent for LTC the remaining funds will be paid to survivors. The premiums are fixed. They are not inflation-adjusted. The benefits will be non-taxable. Having this policy on my balance sheet protects the rest of my investment portfolio. I wrote the policy myself and did for a handful of other friends. I am no longer working but the policy is in force and there have been no rate increases as the policy was not underpriced at the start.
Post: How do you prepare for the long term care cost as retiree?
Link to comment from June 23, 2026
Thanks for the heads up. In January I have heard some plans will be labeled premium and will not be covered.
Post: Medicare Open Enrollment and Medigap
Link to comment from November 26, 2024
Actually that is why I wrote this. I am with United Healthcare and their "Renew Active" program covers my pickleball membership. I hear that in January that might be dropped. If it is dropped I plan to look for coverage that will pay for my pickleball membership. Because Medigap can be changed "at anytime" i will be able to look for other coverage at that time.
Post: Medicare Open Enrollment and Medigap
Link to comment from November 25, 2024
True some states may give more options but this is the minimum flexibility for Medigap plans.
Post: Medicare Open Enrollment and Medigap
Link to comment from November 25, 2024
I think the "C" word is "crying". As a contributor to your site you told us of this diagnosis earlier. You connected deeply with your readers and their love and anguish are evident. We've been truly blessed by your site Jonathan.
Post: The C Word
Link to comment from June 15, 2024
Michael very inspiring. Have you tried teaching English at Angloville in Poland? Teach for a week and have zero expenses at their resort venue. I've done 3x and have made good friends. I've only worked up to 3 weeks myself.
Post: Our Nomadic Life
Link to comment from June 5, 2024
Delaying past age 70 is wrong since the benefit doesn't increase after age 70. Most other choices are subjective.
Post: Don’t Delay
Link to comment from April 19, 2024
Ken thanks for your numerical comments. When people used to balance their "checkbooks" (?) I know there was a huge tendency to round up. My "fun with numbers" takes a different tack. Whenever I fill-up the car with gas I never round-up because I want to have another check that I bought gas without saving receipts. Instead I try to end the fill-up with symmetry or a numerical palindrome. Instead of $23.50 I would try for $23.32. Instead of $31 I would try for $31.13. When I look at my statements I have more confidence that I bought the gas.
Post: Nothing Odd
Link to comment from March 21, 2024