Long Term Care NEW

Long Term Care

Protect Your Choices—and Your Retirement

Long-term care is about more than paying for a nursing home. It is about having the resources to choose where and how you receive care while helping protect your income, savings, and family.

Nearly 70%

Someone turning 65 today has nearly a 70% chance of needing some form of long-term care services and support during the rest of their life.

^{Source: Administration for Community Living / LongTermCare.gov}

Long-term care can represent a significant financial commitment. Current national median costs illustrate why planning ahead matters.

$74,400/year	$80,080/year	$129,575/year
Assisted Living	Home Care 44 hours per week	Private Nursing Home Room

What Long-Term Care Insurance Can Help Protect

Choice

Greater flexibility in where and how care is received, subject to policy provisions.

Assets

Helps reduce the need to use retirement savings and other assets to pay for care.

Family

Can reduce the financial and caregiving burden placed on children and other family members.

Independence

Provides resources that can help maintain greater control over care decisions.

Medicare generally does not cover ongoing custodial long-term care.

It may cover short-term skilled nursing care when specific requirements are met.
Medicaid provides long-term care benefits for people who meet state-specific financial and eligibility requirements.

Medicare.gov | Medicaid.gov

Planning Gives You Options

Long-term care insurance isn't appropriate for everyone. The important question is how you would pay for care if you needed it—and whether you want to assume that risk yourself or transfer some of it to an insurance company.

I can help you evaluate traditional long-term care insurance and life insurance with long-term care benefits to determine which approach may fit your circumstances.

LET'S TALK ABOUT YOUR OPTIONS

If you believe you could benefit from working with a financial professional, let’s review yours goals to see if you’re a good match for our practice.

Schedule Consultation