Long term care is the services and supplies designed to provide care for us as we age - service to help with dressing, bathing, eating and moving about your place of residence. It can be provide in a variety of settings: your home, adult day care, assisted living and nursing homes.
What is your largest financial risk... doctor and hospital bills? No. As you plan for your future years keep in mind that your largest financial risk is the cost of long term care.
A survey conducted by AARP showed that 79% of those expecting to need long term care believed incorrectly, that their Medicare would foot the bill! (Source: U.S. News and World Report)
If you were to have an accident or become sick, and need assistance to dress, eat, bathe, get in or out of bed or go to the bathroom (activities of daily living) where would you get the help? What if the problem required professional help such as skilled therapy, occupational therapy, physical therapy, skilled nursing care or custodial nursing care? Where would you get this help?
Are your options limited to the hospital or nursing home? If you could stay in the comfort of your own home, would that be your first choice?
What are the problems that we encounter when faced with the long term care dilemma?
How would a bill this size affect my current lifestyle? How about my spouse's lifestyle? What about my spouse's future years?
If you have assets you want to protect, if you want to maintain your independence, if you want to never be a burden on your family or if you want to protect your lifestyle, we will help you find the way.
Should you buy insurance for the least likely or most likely events?
*Society of Actuaries 1995
**Health Insurance Associate of America, HIPPA
Is Medicaid the right answer for you and your family?
Your options are simple:
Insurance solves the problem for pennies on the dollar. Insurance guarantees that you will have long term care services and options when you need them.
Long term care insurance guarantees: