Consumer Planning Blog

Matt Dean

Matt Dean, Vice President, MarketPlace Group (MPG), joined LTCI Partners in June 2011. He is responsible for the structure, implementation, and management of sales initiatives. He leads a national sales force of salaried insurance specialists who, through a virtual kitchen-table conversation, provide needs-based advice and guidance to help consumers plan for the financial consequences of a long term care event. Matt brings 24 years of insurance experience at USAA, where he was responsible for a number of health insurance product lines. Matt is a graduate of the University of Texas at San Antonio with a BBA in Finance, is a licensed life and health insurance agent, and holds various professional designations. He and his wife are active in the Prader-Willi Syndrome (PWS) Association on behalf of their son, Tanner, who has PWS.

Recent Posts

404,000 Reasons + 3 Myths Compromising your Retirement

404,000 Reasons + 3 Myths Compromising your Retirement
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The surprising tax deductibility of LTC Insurance

Do you  own LTC Insurance or are you considering purchasing a plan?  Then you need to know about the important tax advantages of long-term care insurance.   A surprising number of policyholders have the ability to deduct premiums, and those insured also find that the amount of premium that can be deducted increases each year. A big reason is that more and more buyers of LTCI also own Health Savings Accounts and can pay premiums with pre-tax dollars. It's important to understand that when we are talking about the tax-advantages, we are talking about "tax-qualified" LTC Insurance.  Tax qualified LTC Insurance was codified by the IRS in 1996 as part of the original HIPAA legislation.  Under section, 7702B, LTC plans that meet certain requirements are considered tax-qualified.  Almost 100% of current standalone LTC Insurance sold are tax-qualified, and many riders on life insurance plans are tax-qualified as well.  
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5 great reasons to check long-term care insurance off your to-do list

Don't let 'later' become 'never.' Today is the day!  5 great reasons to check long term care insurance off your to-do list. 
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ADL dependent Goldfish receives cost effective LTC!

Photo used with permission Twitter @taylorndean  Youtube: taylordeandaily 
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How a long-term care insurance policy works—in layman’s terms

When you prepare for any upcoming investment or purchase, you probably run into some unfamiliar language or terminology in your research which can be frustrating and downright confusing. Searching for a long-term care insurance policy is no different. A LTC insurance policy describes coverage under the policy, exclusions and limitations—and can be laden with industry jargon. Here’s a breakdown of the fundamentals—in terms we hope are easy to understand.
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Where can you receive long-term care?

We hear this question quite a bit because many people immediately think of skilled nursing facilities when they think of long-term care. But that’s not the only option.
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LTCI 101: The language of long-term care insurance

When you begin your research of long-term care insurance, it’s completely understandable to be a little confused at first. Long-term care can often feel like it has its own language. Elimination period – what is that? Inflation protection – do I need this? This might even leave you wondering, “what exactly is long-term care insurance, anyway?” LongTermCare.Gov defines long-term care insurance (LTCI) as: 
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Steps to prepare your parents for financing long-term care

As parents, I'm sure you all dreaded "the talk." Now there's a new talk, and it's not with your kids, but your parents. It's an important topic, and the sooner it's discussed the better. We're talking about long-term care. Talking to your parents about their long-term care plans is far from easy, especially if they don't want to acknowledge that they may eventually require special assistance, even if they're just one fall away from needing it.
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Organize your loved ones information before a crisis hits

Image source: Flickr user Swy Teofilo We usually focus on long-term care planning, but this article is important in showing that there is even more proactive planning to be done in addition to long-term care especially as we age and more things unexpectedly happen in our lives and the lives of our loved ones.
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Long-term care insurance works

The American Association for Long Term Care Insurance reported earlier this year that the nation’s long-term care insurance companies paid a record $7.85 billion in claim benefits to 250,000 individuals in 2014 according to a just-released report.
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