The Importance of Planning
Did you know around 70 percent of people over the age of 65 will require some sort of long-term care? However, this doesn’t mean you have to wait until retirement to start planning for long-term care. A long-term care event can occur at any age and there’s no better time than now to start planning.
Other than limited government programs, long-term care insurance is one of the only ways to guard against the risks of needing care. Long-term care insurance protects income, allows consumers to have control over their care and preserves independence for as long as possible. Most importantly, long-term care coverage ensures that high quality care can be received when it is needed most. For these reasons, long-term care insurance is often more reliable than Social Security, Medicaid or Medicare.
Buying a long-term care policy early ensures that costly care down the road will be covered. Full-time home care can cost around $120,000 a year. Without a long-term care policy, this type of care can be out of reach for most Americans.
The holiday season is a great time to start thinking about long-term care options for you and your family. Call us today for a no-cost, no obligation consultation.
