Long Term Care Guild

William Watchulonis
  • Male
  • Dallas, PA
  • United States
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William Watchulonis's Page

Profile Information

Member type
LTC insurance agent
Biography
I specialize in helping pre-retirees protect their lifestyle from the potential financial catastrophe of a Long Term Care event. Proper planning allows my clients to stay in their home as long as possible in the event of illness or injury. To depend on Medicaid and other public assistance is degrading and dangerous, especially when a loved one is concerned. LTCI offers favorable tax treatment for small businesses and individuals; however, not everyone qualifies for coverage due to health requirements.

Long Term Care Insurance isn't nursing home insurance; it offers peace of mind because in the long run choice equals dignity. Nearly 70% of all long term care is provided in the home by family members and friends. Government entitlement programs don't allow for family members to get compensated for providing care but most LTCI policies often do.

My clients don't want to be a burden to their family when they get older; they want to be sure their spouse doesn't become impoverished due to medical care costs. Long Term Care Insurance premiums pay the best returns of all since 40% of all LTC recipients are under the age of 65. Additionally it's estimated that the cost of long term care could exceed $230,000 per year in 20 years and with the average stay in a facility at 2.5 years that could be retirees' entire nest egg gone.
Affiliations, Designations
NAIFA
AALTCI
Where licensed (list of states if an LTC agent)
PA
Contact information (phone, email ... )
570-762-3204, bill@isLTCforMe.com
Web address (if any)
http://isLTCforMe.com

William Watchulonis's Blog

Financial Planners and Long Term Care Insurance Specialists Forming Strategic Alliances

The statement Time Is Money is axiomatic to most Financial Professionals. Actually there is a formal calculation used by Accountants and Certified Financial Planners to help understand what our money will be worth at a future date, based on certain forces, called the time value of money or TVM. Not to mention the other time related values that must be understood for proper structuring and protection of our clients’ portfolios.



School is never out for Financial Professionals; it’s a… Continue

Posted on January 24, 2010 at 4:51pm

CLASS Act may create a false assurance our seniors are safely protected for Long Term Care events

Long-term care policies will help Americans remain in their homes into old age, and they won't have to exhaust their assets to receive help under Medicaid. The worry is that too many younger people will opt out of coverage, which could send the program into an "insurance death spiral" where premiums become so expensive that the only people who pay for coverage are those who need it.



A more immediate concern is… Continue

Posted on January 22, 2010 at 8:00am

44% of Americans won't maintain level of living in retirement it's 61% when long term care is included

the National Retirement Risk Index (NRRI) has shown that 44 percent will be ‘at risk.’ ‘At risk’ means they will be unable to maintain their standard of living in retirement. When health care costs were included explicitly, the percentage of households ‘at risk’ increased to 61 percent. Our previous analysis of health care costs, however, did not consider possible expenses for long-term care towards the end of life.

Posted on January 11, 2010 at 3:31pm

Midicaid long term care bad idea from the start.

Here is a snipit from a great article written 10 years ago.



When it was created in 1965, the Medicaid program was supposed to be a welfare program for the poor. The Medicaid long-term care benefit was included in the program almost as an afterthought. The inclusion of this benefit literally created the long-term care industry.



The reason for the explosive growth in what was thought to be an otherwise small benefit can be attributed to how the benefit has been abused.… Continue

Posted on January 10, 2010 at 5:30pm

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