Long-Term Care Isn't What It Used To Be. Now You Can Protect What Matters Most Against "What If" Scenarios WITHOUT Getting Locked In A "Use It Or Lose It" Plan
Long-Term Care Isn't What It Used To Be. Now You Can Protect What Matters Most Against "What If" Scenarios WITHOUT Getting Locked In A "Use It Or Lose It" Plan
Providing care to a chronically ill person often makes healthy caregivers chronically ill
If you ever need care over a period of years, your life is not going to end... Someone else's life-or lifestyle-is going to end.
Providing care doesn't bring families together, it often tears them apart.
Would you rather have your wife and/or children provide your care? Or supervise your care?
-Jim Maher, Certified Senior Advisor Certified Long-Term Care Expert
The goal of long-term care is to help you maintain your lifestyle as you age. With that in mind, an extremely important question needs to be considered...
If you don't have a properly structured Long-Term Care Plan in place, often this burden falls to at least one of your children... likely your daughter, who will have little choice but to put aside her life to help provide care.
But consider this: do you want her to be the one that is helping you go to the bathroom, dressing you, bathing you and more?
Probably not! And it's even more daunting when you consider the fact that providing care to a chronically ill person often makes healthy caregivers chronically ill.
Contrary to popular belief, Medicare, Medicare Supplement Insurance, and Health Insurance you may have at work usually won’t pay for long-term care.
On average, more than 7 out of 10 adults over age 65 will require some type of care!
Unfortunately Medicare and Medi-Cal coverage is extremely restricted. Medicare only pays for a portion of the costs up to 100 days (the average long-term care stay is over 2 years), and Medi-Cal is only available for those with extremely limited assets and income.
Well... you can... but understand that caregiving negatively impacts women in the family, and those caring for ill parents are twice as likely to experience depression or anxiety. Even "at home" care can be expensive, averaging over $325,000 per occurrence according to the Family Caregiver Alliance.
People underestimate the costs of long-term care. Some studies have shown that an unplanned care event may drain savings 2–3 times faster than anticipated, especially when you consider the average national cost for a private room in a nursing home being more than $8,500 per month.
Fortunately, our specialty is helping you find the perfect solution for your situation so you don't fall into a "use it or lose it" trap. Not only will we help you find the most affordable solution that fits your needs, we make sure that if you never need your long-term care benefits you can either use that money for other needs, such as vacations or other expenses, or simply pass that money onto your heirs.