Poor results in the long-term care insurance sector have led many providers to exit the market, leaving its future uncertain, Moody’s Investors Service says in a new report. The report, “Long-Term Care Insurance: Sector Profile,” says that despite the need for non-medical coverage by an aging population, the product’s future is also in question because of persistent losses and a challenging operating environment. “Key credit considerations for the sector are the relative newness of long-term care insurance and the long-tailed and complex product structure, which make it difficult to price the product profitably and to reserve for,” says Laura Bazer,…
A Veteran is a 40% shareholder in a LLC. The LLC owns a commercial building worth $200K, that is producing $1000 of income per month, the veteran receives net $400 per month. The 40% of the business is a countable asset and the $400.00 is countable income. Consequently, complete form 21-4185 and file with other claim forms. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our…
If veteran files for NSC pension, file as a single vet. However, provide the marital information, but explain the circumstances in the remarks section and request single veteran status.
SSDI is an insurance program that replaces a portion of earnings for an insured worker whose illness or injury, which is not necessarily work-related, results in an inability to perform any substantial gainful activity. The program is funded through payroll taxes paid under the Federal Insurance Contributions Act or the Self-Employment Contributions Act. VDC is not insurance. It is a compensation program that pays benefits to veterans who develop medical conditions that are related to their military service. The program is funded through a mandatory appropriation under the VA budget rather than from contributions by veterans or active military personnel….
Rita Files is an elder-care professional, an accredited VA claim agent, and the chief operating officer of Aging with Grace. She can be reached at rita@agingwithgrace.net.
For merchant marines, you need to be careful of the dates, as the war dates for Merchant Marines is a different from other branches of services; i.e. 12-07-1941 thru 08/15/1945. You can file ANY claim with just the veteran’s social security number. Leave the service number blank and let the VA fill it in. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website….
Once a claim is denied and the claimant becomes eligible, you could file a new claim; however, if this is done within a year’s period, the VA may question it even though there is no legal waiting period for re-filing i.e has overscale assets, then two months later these assets disappear. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website. We also have…
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