Long Term Care Insurance

 

As the population grows older and is living longer because of the breakthroughs in medical technology that have made this possible, Americans are thinking more about Long Term Care issues.  Statistics prove that "70% of Americans over age 65" will need some level of Long Term Care during their lifetimes, and the likelihood of needing care increases as you age. 1

Many baby-boomers, who are now reaching retirement ages themselves, are experiencing first-hand the complexities of Long Term Care and how it works because they are having to take care of their parents or loved ones. They are living the experience first-hand and dealing with issues like Home  Health Care, Assisted Living, and/or Nursing Home Care because their loved ones can no longer independently take care of themselves.

Let's face it, no one wants to think about a time when they might need long-term care so most people are putting off dealing with it and not planning ahead.  Because of this, when they or their loved ones need LTC, then their options become more limited.   As a result of these actions, there are insufficient resources available to pay for the services that are needed when the time comes.

Planning ahead helps you to understand:

  • what services are available in your community (Levels of LTC)
  • the state and government rules and regulations in applying for services
  • age and eligibility criteria
  • what levels of services are offered and how much each level can cost
  • that you can have more control over where and how you receive services

The costs of Long-Term care services often exceeds what most people can pay due to rising costs in health care.  By planning ahead, you may be able to save assets and income for uses other than long term care and preserve the quality of life for your spouse and other dependents that you may have.

We at Diversified Financial Services can show you how all of this can work for you and your  family.  We can assist you in:

  • learning and evaluating what your options are with regards to your specific needs
  • learning how you can protect your assets and still fund long-term care services
  • learning about the various ways that you can fund various long-term care needs
  • learning what your options are even if you don't qualify for Long Term Care Insurance
  • setting up your specific plan for Long-Term Care needs now irregardless of your age
  • learning what federal/state resources are available to you if needed
  • put you in touch with attorney's who are Elder Care lawyers and specialize in this area of law

Please contact us for more information about Long Term Care and how it can work for you and to set up your FREE with No-Obligation Appt. to learn MORE!

  1  U. S. Dept. of Health & Human Services