Tagged: Long term care

Boomers Need to Address Long-Term Care Needs 0

Boomers Need to Address Long-Term Care Needs

A new study by the American Council of Life Insurers (ACLI) shows that baby boomers need to pay attention to the very real possibility they may need long-term care. The reason: escalating long-term care costs. "Long-Term Care Insurance or Medicaid: Who Will Pay for Baby Boomers' Long-Term Care?" sounds the alarm on a potential national long-term...

Employment Insurance (EI) waiting period change as of January 1, 2017 0

How Long Is The Waiting Period For EI Benefits In Ontario Now?

Employment Insurance (EI) waiting period change as of January 1, 2017 As of January 1, 2017, the federal government has reduced the waiting period (known as “qualifying period” in insurance contracts) for employment insurance benefits. The two week waiting period where no benefits are paid, has been reduced to one week. This means the total EI...

Boomers Need to Address Long-Term Care Needs 0

What Seniors Need To Know About Long Term Care Insurance

Long term care is a major concern of Canadian senior citizens and their families. Studies have shown that Canadians rank long term care second, behind saving for retirement, when prioritizing financial needs. Unfortunately, many Canadians do not want to think about needing long term care and, therefore, fail to plan for it. Others wrongly assume that...