The Importance of Planning for LTC

As the years go by, technology and medications have extended our lifespans as compared to the past.   It’s not a far stretch that we will live well into our 80’s and 90’s!  With age, unfortunately, many lose their independence and will likely need some sort of assistance or Long-Term Care.  Planning is an important factor and knowledge is king.

Don’t think that it won’t happen to you.  The chances are higher than you think.

• According to the U.S. Department of Health and Human Services, nearly 70% of people 65 and older will eventually need some form of long-term care. ¹
• Cancer is the leading cause of claims filed below age 65. ²
• After the age of 65, Alzheimer’s disease is the leading claim.

Plan for coverage – Do you have it?

Many people are confused about what their insurance policy actually covers.  Many think Long-Term Disability and private health insurance cover’s this type of assistance.  In addition, we have no idea what our future government run programs will provide.

Plans are available and more affordable than you may realize. 

There are many plans available and customizable to individual needs and budgets.  A little coverage can go further than you think.  There are many planning methods that will allow you to achieve your goals.  A little know fact about these plans are the tax advantages they provide.  Get the eBook to understand more.

You don’t have to go to a nursing home.

The thought of going into a nursing home terrifies most people.  The majority of people that have a need for Long Term Care can remain in the home or community with assistance.  Some Long Term Care Insurance carriers offer policies that are completely reimbursable for in- home care and will transition easily from one type of care to another.   In most cases, will reimburse family members for their time as well.

Peace of Mind with Proper Planning.

Having peace of mind can take much of the emotional stress off you and your family. With the proper plan in place, you are able to alleviate the emotional, physical, and financial strain that could potential fall on your loved ones.

Let’s get together and create a customized solution to address your specific needs and budget.

1 U.S. Department of Health and Human Services. 2015. The Basics. http://longtermcare.gov/the-basics/

2 American Association for Long-Term Care Insurance, 2014 Sourcebook.