Long Term Care

You’ve made it to retirement with your finances in pretty good shape, and you’re looking forward to traveling a little and enjoying the benefits of having put aside some of your hard-earned money. However, it still seems like there’s something you forgot.

Oftentimes, we overlook the cost of extra care at home in case of unforeseen physical or mental disabilities. There’s  in-home care, assisted living facilities, or nursing homes.

As we grow older, we must consider the associated expenses of living longer. We do have several choices in financing such expenses:

1. Ignore it
2. Self- insure the potential costs – Setting something extra aside each month to cover future expenses
3. Rely on the government – Medicare coverage is lacking, and it can be difficult to qualify for Medicaid
4. Long Term Care insurance – Provides choices, Preserves Assets, Protects Families
   Long Term Care is assistance for people needing help with everyday activities. This assistance is usually needed because of an accident, prolonged illness, or the aging process. This care can be provided in the home, Assisted Living Facilities, Nursing Homes, or other similar facilities. The assistance provided typically includes help with bathing, dressing, cooking, cleaning, toileting and transferring.

Long Term Care insurance may seem “pricey”, but it is significantly less than what it would take to pay for care out of pocket. Medical expenses are typically the cause of countless bankruptcies. Look here for typical costs for your area.
Let us help you find a suitable plan using our experienced partners. The costs are different for every person because it is based on your age, health, needs and budget. We can help you design a plan specifically for you and get a rate comparison from several nationally recognized Insurance Companies. They can also be written as a Group policy whereby each employee would own their plan.

Did you know?:

• The Dept of Health and Human Services estimates that 70% of people living past 65 will need long term care assistance
• Nationally, the average cost can cost $20,000 – $100,000 per year depending on what type of care is required, and typically double every 15 years.
• Most people …period….said they knew little or nothing about Long Term Care Insurance.
• And – most people, when asked, would like to know more about Long Term Care Insurance

Click here to view and download a copy of “Shopper’s Guide to Long Term Care”