Paying for Long Term Care and Protecting Your Assets

Despite the fact that so many people will need long term care, there are few good options for making this type of care affordable. Medicare does not pay for most forms of nursing care outside of very specific circumstances; the only government program that does is Medicaid. However, qualifying for Medicaid often requires “spending down” to a point where you fall under the maximum income qualification. From a practical standpoint, this means you could lose all your savings and assets.

There are, however, a few ways to protect your assets-at least partially-and pay for your long term care needs. We are not attorneys or financial planners; we strongly recommend that you consult a professional about your specific financial circumstances and available payment options. However, here are a few general options.

Buy long-term care insurance. Private health insurance plans generally do not cover long-term care. That’s covered by separate long-term care insurance. However, there are pitfalls in purchasing this type of insurance. In the past, several long-term care insurance companies have gone under, leaving their insureds without coverage despite paying premiums for years; in addition, to face rising medical costs, many insurers have had to hike premiums dramatically. However, under the right circumstances, long-term care insurance can go far in protecting your assets when buying long-term care.

Transfer your home. Most of the time, you don’t have to sell your home to qualify for Medicaid. In fact, if you do sell your home for its market value, you may no longer qualify-or you may be required to put all your proceeds toward nursing home costs. If you hang on to your home, you can usually still qualify for Medicaid-but the state of Texas may file a claim against your house after your death. This is called “estate recovery.”

However, if you have a surviving spouse, a surviving child under 21 years old, a child of any age with certain disabilities; or an unmarried adult child living on the property, the state may not file an estate recovery. There are also undue hardship conditions that would exempt your property; click here http://www.dads.state.tx.us/services/estate_recovery/ for more information.

Most of the time, if you transfer ownership of your home to someone else to avoid estate recovery, you will face a penalty and a period of exemption from Medicaid coverage that could basically negate the benefits you would get by transferring the property in the first place. However, under certain conditions, you can transfer your home to certain family members without penalty. This depends strongly on your own personal situation, however, and it is not a decision to make without first consulting an attorney.

Put your assets in an irrevocable trust. A trust allows you to transfer ownership of property or assets from yourself to a beneficiary. If you put your home or other assets into an irrevocable trust, you no longer have ownership of it-and can’t get it back without the trustee and beneficiary’s approval.

Protecting your property and assets in paying for nursing home care is always an intensely complicated situation, and varies depending on your individual circumstances. Consult an attorney to find out what your best options are-and hopefully you should be able to preserve your assets for future generations.



Source by Cheryl Culbertson

Health Club Management Software To Run Your Gym Efficiently

The precondition for achieving success in every business is excellent service. This holds true for health clubs as well. When you own a club, your main aim should be to provide the best services to your members. This is possible only when you are able to manage your time effectively. As the number of members increase, you will find it extremely difficult to take care of different things like security, member tracking, etc. To make things easier, it is best if you use health club management software. This will make your work really easy and you can concentrate on ways to improve your business. If you want to know about the benefits that you can get from such application, you can have a look at this article.

Controlling the Right of Entry

The software will automatically control the right of entry of the members based on their membership time. If it expires, they will not be given access to your gym. This program also helps to send reminders to clients about their outstanding payments and due dates. The working hours and the attendance of the staff can also be tracked using this feature.

Managing Clients

One of the most important features is the management of clients. You can keep a record of their attendance, asses their fitness, communicate with customers and keep track about them. You can also fix the working schedule of your members as per your and their convenience. If any client upgrades from one session to another, you can record it using health club management software. In case he/she transfers from one location of your gym to any other location, that can also be tracked with this application.

Taking Care of Billing

This is one of the most daunting tasks. Managing accounts is not easy unless you use any software application. Generating bills, tracking commission of your employees, diverging payment modes, finding the deposits that have been made in the bank and many other payment related issues are some of the functions that can be performed easily using this program.

Generating Reports

When you use such computer applications, you can easily generate different kinds of reports which in turn will help you to execute different tasks required for effective club management. Some of the reports that can be created include staff attendance report, member regularity reports, reports of market, conversion and sales analysis and many others. If you use software, you will be able to get these data at the perfect time. You can then give your attention on the areas which are weak and improve the quality of your services even more.

Fixing Appointments

When you have everything meticulously planned out, you can easily start your work. With this virtual tool, you can fix appointments for your clients; plan out working hours of your employees, manage status of the appointments, keep a record of returning customers and loads of other work. As per the scheduled time, you can send out reminder emails or text messages automatically using the software.

So make use of these features of health club management software and improve your fitness business with quality service.



Source by Charles H Hayden

Car Insurance – Most Crashes Are Preventable

A car crash is a horrible site and even more terrifying if you are one of the drivers involved.  Even if you escape injury it’s a traumatic experience and most drivers can think of several things they could have done to prevent it after the fact.

Causes of Collisions

There are a lot of factors that contribute to a collision but the number one cause is lack of attention by one or more of the drivers.  Driving under the influence of alcohol, prescription medication or illegal drugs is a big problem, of course.  One third of all crashes are caused by drunken drivers.  But out of the 4,300 collisions that occur every day across the country, a third of those are caused by distracted drivers.

Anything can distract you when you’re at the wheel-a noise, a song on the radio or an emergency vehicle.  But, like it or not, cell phones are the biggest distraction for drivers.  Recent studies show that those who talk on their phones or text are as much or more impaired than drivers who have had too much alcohol!  Taking your eyes off the road and looking at a keyboard for even a fraction of a second can result in injury, death and/or great expense.  Is that text message really more important than your life or someone you might crash into?

Other Distractions You can Control

Most people in their mid 50’s remember the days when explicit movies were shown in their driver education classes.  In one, a woman in a hospital agonizes over the fact that she took her eyes off the road “just for a second!” to fish a cigarette out of her purse.  Although the film was fiction, this kind of situation happens every day and often results in an accident.  When you’re in a car, especially if you’re traveling at a high rate of speed, a split second can make the difference between arriving safely and going to the hospital-or the morgue. 

It’s a good idea to practice ignoring objects moving around in your car.  You can do this in your driveway or an empty parking lot.  When you can disregard it and replace it later, you’ve just given yourself a skill that might save your life.

Aggressive Defensive Driving 

While that term might seem like an oxymoron, it can be your best weapon to avoid a crash.  The roads are filled these days with aggressive, angry drivers who are in a hurry and will take chances to get where they’re going or to be the top dog.  If someone cuts you off, let him.  Don’t make a rude gesture to her or him; they are the idiots, not you.  Don’t stoop to their level and aggravate the situation.

Maintain a safe distance from the car ahead.  You should have one car length of space for every 10 MPH you are traveling.  This can be difficult in heavy traffic but do your best; it could save you and your loved ones a lot of grief and expense.  Taking a defensive driving course will help you with this as well as give you other safety tools and will also lower your insurance premiums!



Source by Ryan Gilbert

Travel Insurance – A Must-Have For International Travelers

Traveling is one activity that every individual must undertake at one time or the other; it does not matter what the purpose of travel is, or whether the travel is local or international. A lot of people actually look forward to traveling to other parts of the world for various reasons and purposes, including but not limited to business, tourism, vacation, pilgrimage, education and for medical attention.

The euphoria to travel outside of one's domain usually comes with a lot of preparations, and more often than not, a great deal of resources are deployed to ensure that the travel is actually takes place; and these include acquisition of an international passport, medical tests (where applicable), expensive visa processing fees, flight booking and hotel reservation.

A lot of people will do anything and everything just to actualize their international travel ambition. And to be very candid here, international travel is actually fun and something to look forward to. Traveling, especially international travels, is a form of education for the travelers as they have an opportunity to see new environments, meet new people, and learn how things are done elsewhere.

International travel affords the traveller a lot of opportunities irrespective of their original purpose of travel. These include business opportunities, educational opportunities, employment opportunities and even maritime opportunities. Unfortunately, however, it is only these and many other opportunities that these (would-be) travelers see. They seem to be ignorant or care less about risks that are embedded in international travels, so they do not take any steps towards mitigating such risks.

At this joke, you may be tempted to ask the question: "What are those risks that are associated with international travels?" Very good question. Just read on, as most of those risks are discussed in the following paragraphs.

Risks Associated with International Travels

As interesting, fun, enjoyable, profitable and educated as international travels may be, they also come with their own downsides – the risks – just as every other thing in life. And very fortunately for travelers, most of these risks can be transferred to professional travel insurance providers, by way of buying a travel insurance – also referred to as "travel health insurance" or "travel medical insurance".

These international travel risks are many and varied, and they include, but not limited to:

  • Sudden illness in the country of destination requiring urgent medical attention and / or hospitalization.
  • Involvement in an accident leading to bodily injuries, temporary or permanent disability, or death
  • Loss of checked-in baggage
  • Loss of valuable items such as international passport, drivers' license, national identity card, etc.
  • Personal liabilities abroad
  • Emergency dental cases
  • Hijacking
  • Arrest by law enforcement agencies requiring sealing and legal defense

Another question that may be asked at this joke is: "Do travel insurance policies cover all the above-mentioned risks?" And the answer is a big YES, and so much more.

Covers and Benefits Provided by Major Travel Insurance Policies

Below is a list of most of the covers and benefits provided by travel insurance policies – depending on the providers. So the next time you buy a travel insurance policy, look out for these covers and benefits.

  • Medical Expenses and hospitalization abroad
  • Emergency Medical Evacuation
  • Repatriation after treatment
  • Emergency dental care
  • Repatriation of family member traveling with the insured
  • Travel of one Immediate Family Member
  • Emergency Return Home following Death of Close Relative
  • Repatriation of Mortal Remains
  • Medical Assistance
  • Legal Assistance
  • Pre-Departure Services
  • International General Assistance
  • Abroad Information Assistance about lost Luggage and Passport,
  • Delivery of Medicines
  • Legal Defense
  • Advance of Bail Bond
  • Hijacking in means of Public Transport
  • Loss of Passport, driving license, national identity card abroad
  • Compensation for in-flight loss of checked-in baggage
  • Compensation for delay in the arrival of luggage
  • Delayed Departure
  • Location and forwarding of baggage and personal effects.
  • Accidental Death
  • Permanent Disability
  • Personal Civil Liability
  • Trip Cancellation Expenses

Risks Not Covered By Travel Insurance Policies

Having talked about the covers and benefits afforded by travel insurance, it is also important to consider the risks that are not covered by most of these policies, as listed below:

  • Participation in criminal acts, or as a result of his / her fraudulent, seriously negligent or reckless actions including those actions of the Insured in a state of derangement or under psychiatric treatment costs for which are themselves excluded;
  • Natural phenomena such as floods, earthquakes, landslides, volcanic eruptions, atypical cyclonic storms, falling objects from space and aerolites, and in general any exceptional atmospheric, meteorological, seismic or geological phenomenon any other type of natural disaster;
  • Events arising from terrorism, mutiny or crow distortions;
  • Events or actions of the Armed Forces or Security Forces in peacetime;
  • Wars, with or without prior declaration, and any conflicts or international interventions using force or duress or military operations of whatever type.
  • Participation in bets, challenges or brawls, save in the case of legitimate immunity or necessity;
  • Pre-existing Illness or injuries
  • Participation in competitions, sports, and preparatory or training tests;
  • Motor racing or motorcycle racing, horse riding, climbing, pot holing, boxing, wrestling in any of its modes, martial arts, parachuting, hot air ballooning, free falling, gliding and, in general, any sport or recreational activity that is known to be dangerous;
  • Participation in competitions or tournaments organized by sporting federations or similar organizations.
  • Hazardous winter and / or summer sports such as skiing and / or similar sports.
  • Work-related accidents
  • Internally and locally recognized epidemics.
  • Illnesses or injuries arising from chronic ailments or from those that exist prior to theception date of the policy;
  • Death or injuries as a result of suicide or attempted suicide or any self-infected injuries.
  • Illness, injuries or pathological states caused by the consumption of alcohol, drugs, toxic substances, narcotics or medicines accepted without medical prescription, as well as any kind of mental illness or mental imbalance;
  • Illness or injuries caused by pregnancy and childbirth or any complication therefore or voluntary termination of pregnancy;

Where to Buy Travel Insurances

Travel insurances can be bought online – and there are many travel insurance providers to buy from. All you need to do is locate your preferred provider, and complete the online form or questionnaire, and make your payment, and policy is made available to you for immediate printing or sent to your email address.

You can also buy travel insurance offline from a local insurance company or travel agency. whatever method of purchase you choose, you can rest assured that you will be fully protected against insurable gravel insurance risks.

Using Your Travel Insurance

After you have bought your travel insurance policy, whether it is self-purchased using the provider's online portal, at a travel agency or through a local insurance company, you should make sure that you do not forget to take the document with you while traveling. This is so important because you may be required to produce that document by relevant bodies.

You should take particular note of your policy number (if possible copy the number somewhere else) as it will be required by the service providers to property identify you when you call them for assistance.

Another thing you should take note of on your travel insurance certificate or policy document is the Assistance Company's telephone numbers that you need to call when you need help. These numbers are always conspicuously written on the travel insurance document – so take note of them.

You should endeavor to read as much of the document as possible so as to understand the covers provided, the terms and conditions of the policy as well as its exclusions. And very importantly, when making a claim on your policy, be honest and avoid every form of fraudulent practices .

Summary and Conclusion

There are other benefits that travel insurance policies provide which can not be exhaustively discussed here. But having read the few benefits discussed above, you will agree that really, Travel Insurance is a must-have for a successful trip. So the next time you are planning an international travel, make the purchase of a travel insurance a top priority. It is quite affordable, and anyone can buy it. The peace of mind and the protection it will afford you are awesome.



Source by Anthony Ekanem