Gordon Associates Long Term Care Planning

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Gordon Associates Long Term Care Planning

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We specialize in helping individuals and families choose the best LTCI for them.

09/29/2026

If you're a woman in your 40s or 50s caring for an aging parent while also raising kids and working full time, you are far from alone. A new survey found more than half of working adults between 40 and 60 are actively coordinating a parent's care right now, and nearly two-thirds spend six or more work hours a month on caregiving tasks. It's not just time, either. More than half spent $5,000 or more of their own money on a parent's care in the past year, and nearly 1 in 4 have seriously considered leaving the workforce because of it. Women still shoulder the majority of this unpaid caregiving in most families. One of the most overlooked benefits of long term care insurance for an aging parent is that it doesn't just protect their savings, it protects their adult children's careers and peace of mind too.

Since 2022, elder care-related requests for legal assistance to LegalShield provider firms have more than doubled, up 108%, making it the number one area of law across the network.

09/22/2026

Dementia care is quietly becoming one of the biggest cost drivers in long term care, and Medicaid is carrying most of that weight. Total 2026 payments for long-term care, healthcare, and hospice services for older adults living with dementia are estimated at $409 billion, and average Medicaid payments for beneficiaries with dementia run more than 22 times higher than for beneficiaries without it. Advocacy groups are now pushing federal officials for more funding support because the gap between what families need and what current programs can realistically provide keeps growing. If you have a loved one showing early signs of memory loss, this is a good reminder that Medicaid eligibility usually requires spending down most of your savings first. Planning ahead gives you more options than waiting for a crisis to force the decision.

A lack of funding and policy support for dementia-specific care, workforce training and widely available caregiver support programs are among the areas the federal government should focus their efforts in updating the National Plan to Address Alzheimer's Disease, according to one senior living indus...

09/15/2026

Quick myth-buster: turning 65 and going on Medicare doesn't mean you can keep contributing to a health savings account. Once you have Medicare Part A, which most people get automatically at 65, you lose HSA eligibility because HSAs require high-deductible coverage only. There's a new bill in Congress that would change that rule, though it would come at a cost to the federal government of an estimated $8.5 billion in lost tax revenue over ten years. Worth watching if you're planning around HSA dollars as you approach retirement. And as always, remember that Medicare rules aside, Medicare itself was never designed to cover the day to day help many people need later in life, like bathing, dressing, or getting around the house. That's a separate conversation worth having early.

Budget analysts have estimated that the popular measure would cut federal tax revenue by $8.5 billion over 10 years.

09/08/2026

New research on retirement readiness found something worth sitting with: almost 9 in 10 people nearing retirement have thought about how they'll cover their expenses, but half don't have an updated written plan, and only 4 in 10 work with a financial advisor. Even more striking, only about 1 in 4 believe their guaranteed income sources will actually cover their basic living costs. Thinking about retirement isn't the same as planning for it, especially when it comes to costs like long term care that don't show up in a typical budget. A real plan, not just good intentions, is what closes that gap.

How prepared do Americans feel for retirement? New research from LIMRA finds that Americans nearing retirement know what's coming — they just aren't acting on it.

09/03/2026

A recent report on state care policies is a good reminder of why it pays to have your own long term care plan, rather than counting on public programs to fill the gap. The report scored states on how well they support aging and disability care, and even the highest-scoring states are bracing for tough budget decisions ahead that could affect access and affordability for people who need care. Long term care planning isn't just about picking a product, it's about giving yourself options no matter what happens with public funding down the road.

A national report card on care affordability and access has found that more than half of the states have made progress on care across the lifespan in the past two years, but federal cuts to vital programs will challenge future progress and could lead to rollbacks of those advancements.

09/01/2026

Good news for anyone who's been putting off a long term care insurance decision because they assumed prices only go one direction: up. A new industry report found that premiums on traditional long term care policies have actually come down recently, and the cost of coverage tied to a life insurance policy has held steady too. That doesn't mean LTCI is cheap, but it's a reminder that the market shifts, and waiting isn't always the safe choice it feels like. If it's been a while since you looked into your options, now might be a good time to take another look.

The cost of benefits linked to a life insurance policy is holding steady, according to a new AALTCI report.

07/28/2026

Connecticut just passed a law limiting how much insurers can raise long term care premiums, and requiring more transparency about how those increases get calculated. Starting July 1, insurers there can't approve a rate hike bigger than the average increase already baked into the policy when it was first sold. About 100,000 Connecticut residents hold long term care policies.

If you've ever opened a premium increase letter and wondered how the company arrived at that number, this is what regulators pushing back on that looks like. Either way, it's worth reviewing your policy every so often rather than just filing the letter away.

Long-term care insurers are facing a new set of requirements after Connecticut state lawmakers passed a bill boosting transparency around rate increases.

07/21/2026

A new survey asked people what scares them most about needing long-term care one day, and the answers were a little surprising. Only 71% said they worry about affording it. More — 84% — said they're worried about not having anyone around to advocate for them and help make decisions. Most people said they'd rather get care at home than in a facility, but very few have actually figured out how that would happen in practice.

Long term care planning isn't only a money question. It's also a "who's going to help me" question, and that one tends to get skipped until it's too late to plan for it.

Having the means to afford long-term care has always been a concern, but older adults are even more concerned about having someone to help

07/14/2026

A 76-year-old wrote to financial columnist Terry Savage asking if he could still get insurance to cover his care in case he's ever not able to take care of himself. Her answer cut right to it: life insurance isn't the same thing as long term care insurance. Life insurance pays out to your beneficiaries after you're gone — it doesn't do anything for you while you're the one who needs help.

If you're waiting until your 70s to think about this, you've already missed the easier window. Coverage is cheaper and easier to qualify for in your 50s and 60s. If you're not sure where that leaves you, talk to someone who works in long term care planning specifically, not just insurance in general.

Hey terry. I’m 76 years old and I need to know if I need more life insurance. If I can’t take care of myself could I get long term life insurance. And who can I call?

Address

2801 Lakeside Drive, 3rd Floor
Bannockburn, IL
60015

Telephone

+18005336242

Website

https://www.galtci.com/

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