Life, Disability & Long-Term Care Planning

As the oldest Baby Boomers begin to wind through their 60's, one of the biggest concerns may not be outliving income, but outliving good health. For seniors, home health care can cost $50,000 or more per year1, and nursing home care can run as high as $80,0002 per year. Does your retirement income plan account for this kind of possibility? Would you be prepared to pay twice that number as a married couple? Considering that you have to exhaust virtually all of your financial means before Medicaid will pay for long-term care, and neither your employer group nor major medical insurance will cover long-term expenses, it’s critically important to plan ahead for these potential expenses. We can help evaluate your situation and determine if purchasing a long-term care insurance policy may be the right move to help insure your financial future.

1 Genworth 2013 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities, Assisted Living Facilities and Nursing Homes

2 MetLife: The 2011 Market Survey of Long-Term Care Costs