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Do You Really Need Long-Term Care Insurance?
While everyone needs a plan for long-term care, whether or not that plan includes insurance is entirely up to you. In order to make educated decisions, what you need is a facts-based analysis of your unique situation. From there, you will be equipped to devise a custom-designed plan for your future that takes into account:
- Who will care for you in the event of accident, illness or age-related ailments
- Where you will live
- What level of care you will receive
- How much will be spent on care
- Ways to retain control of your care and finances
- Options that enable your dignity to be well preserved
- And more
Medicare & Medicaid Are Not Long-Term Care Solutions
Think you will rely on Medicare and Medicaid for your long-term care? What most people don't understand is that Medicare offers medical insurance and does not provide long-term care insurance.
Medicaid delivers long-term care in nursing homes, but not assisted living facilities. However, qualifying means you must have precious few assets (less than $13,050 total) and a mere $50 monthly personal allowance. Simply put, you would have to give away everything you own.
Are There Other Options Besides Long-Term Care Insurance?
Yes, and as your long-term care consultant and broker, I'll guide you through the pros and cons of each one. With over 29 years of experience in insurance and long-term care provisions, I'm uniquely qualified to look at all options with you. You will have a much easier time making the right choices about your future once you understand what each option offers.
If you opt to purchase long-term care insurance, you will find a competitive array of choices as I represent all the major carriers. I do not work exclusively as an insurance agent. I get the same compensation regardless of which insurance company you choose.
Get the peace of knowing your future is secure without burdening your loved ones, so you can enjoy the present to its fullest.
Contact me today for additional information on an individual consultation or a business seminar for your employees.
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2011 Limits on Deductions
Listen to Nancy's interview with Marsha Gordon on WVOX.
The Sandwich Generation - Long Term Care
Did you know…
- Businesses can potentially reduce costs by offering free information about long-term care options?
- Using Medicaid for long-term care means reducing your total assets to a mere $13,050?
- Medicaid does not pay for assisted living in the NY Metro area?
- There are other options to long-term care insurance?
- There are attractive tax benefits when offering long-term care insurance to employees?
- If you choose long-term care insurance, your goal should be to purchase the least amount possible?
- More and more nursing homes are reducing the number of Medicaid beds they offer due to government restrictions on payment?
- Long-term care insurance isn't just for older people; it provides coverage at any age for injuries sustained through sports or accidents, illnesses such as MS or early onset Alzheimer's and more?
- Free seminars are available to discuss long-term care options? Read more.