Ensure We Have Protection for The Long-term Care We May Need
When protecting your retirement savings from the costs of long-term care in retirement, you want choices, not restrictions. How confident are you that you can cover the unexpected?
Part of living well is planning. Ask yourself:
- Why may I need professional care services in retirement?
- Will my savings be enough to meet the costs I may face?
- What options are available to help me pay for care if needed?
70% of people turning 65 CAN EXPECT to use some form of LONG-TERM CARE during their lives.
– 2020 US Department of Health and Human Services (www.longtermcare.gov)
Long-term care insurance extends beyond health insurance by reimbursing for services required to assist individuals who have difficulty caring for themselves due to age, injury, illness, or cognitive impairment.
Long-term Care may benefit:
- Families who want to help protect their loved ones, lifestyle, and assets.
- Retirees and Pre-retirees who want to preserve and maintain their savings and assets.
- Individuals who may not have someone to care for them or significant assets to pay for these costs.
Government programs such as Medicare and Medicaid may not cover all future long-term care needs. They often pay for some services, but they come with many restrictions.
Prepare for your Future Today
There are many different types of insurance for long-term care. Which one is right for you?
These include:
- Stand-alone nursing home care plans
- Short-term nursing home stays
- Annuities with long-term care features
- Prescription drug plans
- Medicare plans and supplements
- Home health care plans
- Traditional long-term care insurance policies
- Hybrid long-term care insurance policies
- Life insurance with long-term care riders
- Long-term care coverage as part of a life insurance plan.
Prepare for your Future Today Call or book a one-on-one with Cheri lucking at Lucking Life Insurance to answer your questions and explore your long-term care options.
Call today to Coordinate the Care You need. CTA