News: Long Term Care Providers Make an Exit

By Lance Cashion
Thinking about Long Term Health Care Insurance (LTC)?

You’ll want to do your homework on this one! I’ve been keeping an eye on the events swirling around long term care. I can tell you one thing. Preparing for long term care is going to be a challenge for Baby Boomers and their families. There is no getting around that fact.

Did you know that Long term care in an assisted living center or nursing home can cost $3000-$5000+ per month?  [Read more…]

25% of Baby Boomers have NO Retirement Savings

by Lance Cashion
One in Four (25%) of the estimated 79 Million Baby Boomers (ages 46-64) have no retirement savings. If you think that is a disturbing statistic, let’s look at a few more.

Below are the findings of a recent Harris Poll (February 2, 2011)

  • 34% of Americans have no retirement savings
  • 27% of Americans have no personal savings
  • 22% of Americans age 65 and older have no retirement savings
  • 14% of Americans age 56 and older have no personal savings
  • 26% of Baby Boomers have no personal savings

If these numbers send chills up your spine, they should. This is your wake up call America!
[Read more…]

The Future of Medicaid

by Lance Cashion
Fiscal challenges threaten the future of Medicaid.

How is Medicaid going be be funded as the Baby Boomer generation grows older?

Many Boomers were hard hit by the financial crisis of 2008-2009. There is a real possibility that there will be cuts and/or strict limitations on placed on Medicaid. The tension between the States and Federal Government are pushing the question into the main stream;

  • What is the future of Medicaid?

Perhaps, the economic and political situation we find ourselves in today will lead to America finally dealing fiscal challenges and sustainability of programs like Medicaid, Medicare and Social Security.

Above is a discussion from Kaiser Health News “Health On the Hill” (Video) from 2/1/ 2011.
Link to Video

HybridCare is dedicated to bringing you relevant information and advice regarding healthcare and retirement. Each of us must engage the challenges and understand the long term implications of any legislation that cause changes in Medicaid.

Question: How are you preparing for healthcare challenges that may be in your future? (comment below)

Video Credited to / © 2011 Henry J. Kaiser Family Foundation.

Accompanying article by Lance Cashion

Retirement: Recognizing Diversification

Gaining more insight and control of your retirement planning today can be the difference between retiring comfortably and facing financial challenges during your retirement years. HybridCare founder and Financial Advisor Lance Cashion provides some useful information in his article; “Retirement Insurance: How to Recognize True Diversification“.

“What your future retirement looks like depends on where you find yourself right now. The only way to be truly diversified is to have a portion of your retirement in a safe place where it is guaranteed to grow regardless of market behavior and provide a guaranteed income for the rest of your life. I like to call it “retirement insurance”. Insuring larger portions of your retirement as you age is the most important part of the diversification puzzle. No one can argue with that.” Read more here

Question: How comfortable are you with your retirement plan?