The software initially opens to the "detailed" entry screens. In this format you will find a folder for each category of data, including: Care Data, Standard Insurance Design, Custom Insurance Design, Advanced Planning Options and Program Options. When you add new clients, the software opens in the quick entry format. The detailed entry is for first time or occasional users. The one page "quick entry" can be reached from any input page by hitting the "Quick Entry" button at the bottom of the page. Once familiar with the variables and the economic projections, the quick entry page enable the user to analyze in minutes any number of scenarios for each client.  When you want to enter data for a client, we recommend using the "Add" button. This automatically saves the data for current client.  Click the "Add Scenario" button if you want to save a client scenario and create new scenarios for the same client. To remove a client record, hit the Delete button.  To find the records of a client, click on the "Client List". To look at the reports before printing, hit the "Preview/Select" button and highlight the reports you want to review on screen or print.  If not printing to a color printer, we recommend checking the "Black and White" located in the print/preview pop-up.

While still in the quick entry data input page, you can do initial analysis and benefit design planning with four key projections available instantly. Print to screen or hard copy those reports you want for client presentation. By using the "Add Scenario" feature, you save all the others for later retrieval.

The key projections on the quick entry page include:

The LTC Economic Impact Planning Model™ projects LTC costs with and without insurance based on client or advisor assumptions. Projections are reported in graphic, verbal and spreadsheet format for client presentations analysis and decisions. Basic use of the model would usually exclude all or most of the Advanced Planning Options. 

 The Standard design has a wide array of options using pre-programmed rates automatically calculating premium based on age, health and single or two insured premium discounts. These rates assume a reimbursement format with integrated pool of funds for facility and 100% home care coverage with waiver of premium. The new Custom Benefit Design option allows the user to input nearly unlimited choice of elimination period days, daily benefits, benefit years, inflation type and rate, single or limited pay premium, and survivor benefit and dual waiver options. The premiums for custom design are provided by the planner and become the basis for premium cost projections. The custom design will accommodate either reimbursement or indemnity policy formats. 

In the custom insurance design you have the option to identify the benefit type as "indemnity." The Indemnity pays benefit dollars based on contract dollars irrespective of actual cost of care. The amount paid in claims may be in excess of care costs. The standard policy design is a "reimbursement" policy. Most policies are "Reimbursement" which limit the claim payments to insurance benefit dollars up to actual care costs. This difference is now reflected in the LTC Economic Impact Planning Model projections. 

The "Loss of Investment Opportunity" is applicable in all planning cases but the user has the choice of including or excluding it in any particular client scenario. The loss of investment opportunity is the after tax return that would have been possible had the client not divert investment dollars to pay for long term care or insurance premiums. The "Default" for new clients is set at 5%. The other advanced planning options are designed for use on a specific case basis and cannot be generalized. In some of the advanced planning variables, the advisor would need to know the current or expected tax situation of a particular client in order to enter useful planning numbers.

All planning variables can be changed on individual scenarios or in the "Program Options" folder accessed by going into the "Detailed Entry" section. The default settings control the data that will automatically appear each time "Add" client button is clicked. The default entries differ for "One Insured" and "Two Insured". In the "One Insured", the default for the Plan Period is automatically calculated when you enter the "Care Years" and the "Beginning Year". In the "Two Insured", the plan period default is set at 30 years, but the user can change that to any number desired. 

After you have entered client data, you can generate a packet of reports to present to the client or for your files. Click on Print All to automatically print all reports, or on Preview/Select to print or preview particular reports. The reports are as follows:

Line Chart A: A line graph illustrating economic impact with and without insurance.

Bar Chart B: A bar chart illustrating total of care, cost of insurance and value of estate preserved due to insurance benefit payments.

Cost of Care: A written summary of the cost of care, including tables with annual and cumulative costs.

Insurance Benefits: A written summary of policy claims payments and projected premium expense.

Spreadsheet: Detailed spreadsheet including all key numbers.

Summary: Narrative summary of key findings with versions that either include or exclude client signatures.

Input Screen: A printout of the data input screen.

Color or Black & White Charts: The graphs in Line Chart A and Bar Chart B can be printed in black & white or color, by clicking on the configuration button located in the Consultant data entry field.

Print All Reports Default. Identify the reports you routinely use for your print all and check the boxes for those reports in the default section found in Program Options folder in the detailed entry section.