There are many misconceptions regarding Long Term Care, also known as LTC. Medicare benefits are very limited when care extends past acute care or short-term rehabilitation. Medicare covers skilled nursing care for a few weeks. Further rehabilitation usually falls on the client to pay for. With that in mind, it is helpful to review insurance benefits in terms of which are relevant and what really pays when long-term care needs arise. The average cost for nursing home stays are all over the board. A fair number to wrap your head around is $70,000 for one year.
70% of people turning 65 CAN EXPECT to use some form of LONG-TERM CARE during their lives.
Don’t let Long Term Care planning be a blind spot in your retirement planning. We offer the top carriers in the business to help us design a plan that suits you. Our opinion is there are many waysto plan for Long Term health care needs. Standalone insurance policies are a great tool. We want you to know that there are options out there and ways to plan for this event. Allow a member of our service team to review your plan for Long Term Care. Knowing what you will do if long-term care becomes a reality, will give you the peace of mind you deserve in retirement.