Detail Buyer Beware   Oleh:  Bergstrom, Richard J. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 188 no. 2 (Aug. 1999), page 27-36. Topik: buyer; buyer beware Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Remember the old man who "bumped his head when he went to bed and couldn't get up in the morning ?" More elderly than ever before need help getting out of bed in the morning - as well as handling many of the other daily activities of living. To maintain a high quality of life when they grow older, all Americans need to include a long-term-care (LTC) strategy in their financial planning. Failure to factor in the cost of such care continues to be the largest omission of many individual financial plans. CPAs whose practice includes personal financial planning, particularly those interested in expanding into ElderCare - one of the new assurance services - Need to know more about LTC alternatives and their costs. Many people use LTC insurance policies as part of a plan to ensure lifetime care. The Health Insurance Portability and Accountability Act (HIPAA), effective January 1, 1997, created a new type of tax - qualified LTC policy. The act's objective was to encourage individuals to provide for their own long - term care. To induce people to buy LTC insurance, premium payments were made tax deductible. The catch : Policies that qualify may have benefits - eligibility standards so rigorous they could do your client more harm than good in the long run. Even worse, HIPAA may have unintended tax consequences for purchasers of traditional LTC policies. CPA s should be able to compare the benefits of tax - qualified and non - tax - qualified LTC policies and determine whether a particular LTC policy will provide clients reasonable access to benefits when care is actually needed. Before they can properly advise clients on LTC issues, CPA s may need to lobby for either new legislation or clearer regulations. Such clarification is of critical importance to the nation's elderly. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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