Scott A. Olson

The Des Moines Register recently wrote an editorial on long-term care insurance

The Des Moines Register recently wrote an editorial on long-term care insurance.  (“Long-term care policies have their risks”, Sunday, September 21st, 2014) Everyone has a different opinion about long-term care insurance.  But if the largest publisher in Iowa is going to draw conclusions about long-term care insurance, the least they should do is some basic research into […]

How to Use This Website

LTCShop.com is designed for consumers seeking to learn more about long-term care insurance.  On the right-side of the page you will see “LTCI DICTIONARY” with a drop-down list of long-term care insurance terms.  Some terms will have definitions only, and some will have other useful articles about that term.  You may search this site on […]

What is Long-Term Care?

What is Long-Term Care? Long-term care includes a variety of services that may be both medically and/or non-medically necessary for people with a chronic illness or disability.  Health and personal needs are met through long-term care.  Generally speaking, long-term care provides people assistance with activities of daily living, such as bathing, dressing, eating, toileting or […]

Headline: IBM stops selling computers–future of computer industry in doubt!

In December of 2004, the company that set the standard for personal computers (remember “IBM-compatible”), stopped selling personal computers.  After dominating the PC market for most of two decades, IBM abruptly left. No newspaper editor was silly enough to write the headline: IBM stops selling personal computers– future of PC industry in doubt! Yet, earlier […]

4 Reasons why a 90-day Elimination Period usually makes the most sense

4 Reasons why a 90-day Elimination Period usually makes the most sense: A 30-day Elimination Period usually costs about 20% more than a 90-day Elimination Period.  If you’re going to spend 20% more premium, you would be better off buying 20% more Daily Benefit.  Would you rather have a policy that pays $200 per day […]

What is a “Partnership Qualified Policy”?

Partnership Qualified Policy = A type of policy that allows you to protect (keep) some of your assets if you apply for Medicaid after using your policies benefits. Not all states have these policies.

What is “Inflation Protection” in a Long-Term Care Insurance Policy?

Inflation Protection = A policy option that provides for increases in benefit levels to help pay for expected increases in the costs of long-term care services.