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July 6, 2010 Tuesday 5:56 PM EST
SECTION: PERSONAL FINANCE; Personal Finance Daily
LENGTH: 847 words
HEADLINE: Paying for health care late in life may get easier
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Do you own long-term-care insurance? It’s a pricey product that in years past was riddled with problems (most notably, ever-rising premiums among some insurers). On the other hand, many of us will need care when we’re older, and often the type of long-term-care that we’ll need is not covered by Medicare.
For instance, if you or a loved one is able to live at home, but needs help with daily activities, that’s the job of a home health aide. Many people pay for this service out of pocket, because Medicare is unlikely to cover it and most people don’t have long-term-care insurance. Read Kristen Gerencher’s column today for more on what you need to know about hiring an aide.
Paying for such services may get simpler in the future. The new health-reform law includes what’s called the CLASS Act, which provides for an employer-based, government-administered, long-term-care insurance program (it’s run by the government, but paid for by individuals’ premium payments, not with taxpayer dollars). That program won’t be available for a couple of years, but it certainly sounds intriguing.
— , Personal Finance editor
Five tips for hiring a home health aide
The signs can hit you quickly or sneak up on you gradually. But what do you do if Mom or Dad isn’t safe living alone anymore?
Get your passport now — before fees jump higher
If you’ve been procrastinating about getting or renewing your passport, it’s time to get going because fees are rising soon.
Commentary: Smart phone users have bad manners
Emily Post, the great American doyenne of etiquette, must be rolling in her grave. As smart phones continue to soar in popularity, especially in the U.S., the devices are bringing out the worst in people.
I love you, you’re perfect, now sign here
New Yorkers Laura Jackson and Gary Zaremba met on a dating website in 2005. Two years later, Mr. Zaremba, a 52-year-old real-estate developer, popped the question. Ms. Jackson accepted.
Your adviser is changing firms – should you follow?
When a financial adviser changes firms, the decision of whether to follow can be a difficult one
Stock-fund gains dissolve in quarter as 2010 turns perilous
The second quarter brought investors in U.S. stock funds face-to-face with some ruthless mean girls — April, May and June — and the meeting wasn’t pretty.
The Supreme Court case against Janus could prove costly for investors
Nearly eight years after the biggest scandal in mutual fund history, the U.S. Supreme Court has agreed to hear a case forged from those troubles. But rather than paying back shareholders for damages done long ago, this case could wind up changing the industry and costing fund investors big if the high court finds against management.
What exactly are 12b-1 fees, anyway?
Mutual-fund investors paid about $9.5 billion last year in 12b-1 fees–and if you don’t know what that is, you’re not alone. The Securities and Exchange Commission worries that many people are unaware of or don’t really understand these charges, which are subtracted from fund assets to pay for “distribution” and/or “services.”
Don’t be complacent in bonds
If you own bond mutual funds, that part of your portfolio likely has come through the past few months’ market turmoil in fairly good shape.
Five ways to invest in the U.S.A.
Maybe the good ol’ U.S.A. isn’t such a bad place to invest, after all. In Europe, Greece is dealing with the ramifications of its crippling debt crisis. Spain announced plans to bail out banks reeling from its housing-boom collapse and sovereign-debt concerns. Portugal, Italy and Ireland also face weak fiscal positions. China has been tightening lending amid speculation of a real-estate bubble.
Negotiating for more at work
If you’re like many professionals, you’ve been waiting a long time for a raise. You may have even taken a pay cut during the recession. But while the economy looks to be turning around, experts say you may have to wait a bit longer for a real salary increase because companies have remained cautiously frugal.
ECONOMY & POLITICS
U.S. service sectors weaken a bit in June
The service sectors of the U.S. economy continued to grow in June but at a slower pace, according to a survey of companies released Tuesday by the Institute for Supply Management.
Commentary: Five burning questions for Wall Street
The rumbling you heard in the skies over the weekend wasn’t the bottom falling out of the stock market – it was, after all, closed — more likely it was fireworks which means we’ve crossed the halfway point of 2010.
Commentary: Perched between growth and recession
Midyear finds the economy at a crossroads, perched precariously between growth and recession.
U.S. sues Arizona over controversial immigration law
The Obama administration sued Arizona over the state’s controversial immigration law on Tuesday, saying it interferes with the federal government’s authority to set immigration policy.
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