Punish teenage girl who stuffed tiny dog in washing machine to amuse herself

Approximately 70% of older adults will need some type of long-term care at some point. This type of care could include a nursing home or various degrees of in-home care, whether that includes skilled nursing care, help with activities of daily living, or some combination of services.

The problem is that these services are very expensive-and the costs are not covered by Medicare, outside of a 100-day period where skilled nursing care is covered for those who qualify and which does not cover non-medical care.

Medicaid does cover some costs of long-term care, but the income requirements to qualify for Medicaid assistance are very strict. It is not uncommon for older adults to spend everything they have on their care in order to qualify, so that by the time they do, they are near destitution.

This can be prevented with an LTC insurance policy. But these policies come with challenges of their own-and not everyone is a good candidate. Here is an overview of when you should - and shouldn't - consider long-term care insurance.

If you have assets to protect. If you have significant assets-such as a valuable home or savings account-that you want to protect and leave to your family, you may want to buy LTC insurance. If you can afford it, this type of insurance will cover your long-term care without requiring that you "spend down" to meet strict income requirements.

If you have a health background that suggests you need it. Long-term care policies can be expensive on their own, and sometimes include significant out-of-pocket costs. Essentially, you are taking a gamble that you will need long-term care someday. If you have a history of health problems in your family that typically need this type of care, however-such as dementia, diabetes, or cardiovascular disease-you may be more likely to need it yourself.

If you have no family members to rely on. If you have no close family members who could care for you, then buying long-term care insurance may be a better bet. That being said, it is possible that even if you have a family member ready and willing to care for you, he or she will not be able to provide the type of care you need as your situation progresses-or your future caretaker's financial or job situation will change and make caring for you less of an option. Regardless of whether you have family members who might be able to care for you-and you should discuss this with them first-it is important to take the steps you need to prepare for your future.

If you can afford it. Long-term care is expensive. Generally, you should consider long-term care insurance only if you have at least $75,000 in assets excluding your car and home, and an annual income of $35,000 per year at minimum (although this can vary by state) according to the United Seniors Health Cooperative. Premiums can also increase significantly, so you will need to be sure you can afford them comfortably without making major sacrifices.

Because of the expense, making the decision to buy long-term care insurance is never easy. But for many seniors, it can be crucial. Do some research on your options, and hopefully you'll be able to make the best decision for your situation.

Punish teenage girl who stuffed tiny dog in washing machine to amuse herself. A video appeared of a dog in a washing machine. The dog was filmed while desperately trying to escape from the washing machine.

Owner of the dog says that her stunt is “misunderstood”. Click below to watch video…

This post contains video, click to play

STATUS : - read comment for update from crossposter
Does your financial plan take into account all of the possibilities regarding your health and your ability to care for yourself in the future? Most people don't think twice about insuring their possessions, or protecting their families with a life insurance product. Yet many pass on the opportunity to purchase long-term care insurance, hoping they will be fortunate enough to avoid the need for costly extended care in their lifetime or believing they will somehow manage with their own resources if they do require it. Here are three reasons it makes sense for some people to consider investing in a long-term care insurance policy.

There's a good chance you'll need some form of long-term care. According to the Department of Health and Human Services, 70 percent of Americans age 65 today can expect to need long-term care services of some kind before they die. People generally also are living longer, having smaller families and saving less than previous generations. All of these factors point to a stronger possibility that if a need for care arises in the future, many of us may not have sufficient resources to manage on our own.

Think carefully about how your family would be affected by healthcare needs. What would you do if you or your spouse needed ongoing services to assist with the personal tasks of everyday living? Could you count on family and friends to help with around-the-clock care? Would you be able to remain in your current home if you were no longer able to cook and clean for yourself? Do you have enough savings to pay for custodial care services for months or even years on end? Long-term care insurance products are designed to help families afford extended care in these kinds of circumstances.

Public programs may not cover all of the needs of individuals requiring long-term care. Although Medicare may cover medically necessary care for a limited time, Medicare does not pay the largest part of personal care services. And while Medicaid does include provisions for care in your home or a nursing home, you must meet income and asset requirements or spend down your assets until you do.

There's more than one kind of long-term care insurance. Traditional policies cover services provided at your home, in assisted living or in a nursing home facility. They generally cover some or all of the cost of coordination of care, which can add up over time. You can choose plans of varying amounts of coverage and duration. Most plans include a waiting period, and you may be able to opt for inflation protection. Your payments may be partially or fully tax deductible. Another way to insure for long-term care expenses is by purchasing a rider on your life insurance policy, allowing you to use death benefits to cover long-term care costs.

Talk to your financial advisor to determine if long-term care insurance is right for you. Together you can review your choices and consider the long-term care policy or rider that fits best within your overall financial plan. Age and health often determine your cost and eligibility so making this decision a priority might be beneficial. Even a modest policy can go a long way toward preserving your resources in retirement in the event you or your spouse needs extended care services.

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