Long-Term Care (LTC) insurance is the perfect complement to an overall financial wellness strategy. Home Health Care + Long-Term Care insurance is about getting something you need/want to complete or perfect what you already have, like milk + cookies!
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6 Options (or not) for Funding Long-Term Care Costs
It is estimated that one year of home health care – which averages roughly $44,000 nationally per year today – will cost approximately $96,000 by year 2032 (assuming a 4% rate of inflation, 40 hours/week).
The unpredictability of a chronic illness or long-term care event requires consideration of all the options available. Read more
3 Risk Management Solutions: Going “Long” on Longevity
64% of retirees who file for bankruptcy do so because medical expenses have wiped out their savings.
Before retirement, market volatility and inflation are top of mind risks to manage. During retirement, in addition to managing these risks come the risk of:
– living too long,
– annually increasing healthcare costs depleting savings, and
– leaving inadequate income for a surviving spouse.
64% of retirees who file for bankruptcy do so because medical expenses have wiped out their savings. (1)
Before retirement, market volatility and inflation are top of mind risks to manage. During retirement, in addition to managing these risks come the risks of:
- living too long,
- annually increasing healthcare costs depleting savings, and
- leaving inadequate income for a surviving spouse.
It is estimated that one year of home health care — which averages roughly $44,000 per year today — will cost approximately $96,000 by year 2032 (assuming a 4% rate of inflation, 40 hours/week).1
The unpredictability of a chronic illness or long-term care event requires consideration of all the options available.
LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.
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- ThinkAdvisor.com – 5 Things an LTC Insider Is Seeing Now, for Agents
- McKnightsSeniorLiving.com – Number of people with Alzheimer’s to double by 2060, CDC predicts
- ThinkAdvisor.com – LTC Benefits Creep Into 2019 Medicare Advantage Plans
LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.
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- Kitces.com – Maximizing Tax Deductions For Long-Term Care (LTC) Insurance
- ThinkAdvisor.com – 5 Things State Lawmakers Want to do About Long-Term Care Insurance
- ThinkAdvisor.com – Scott Harrison is Tired of Long-Term Care Policy Think Tanks
LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.
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- BIC.Financial-Planning.com – When Clients Hire Family Caregivers, Be Careful, Advisors Warn
- ThinkAdvisor.com – Sorry, No Room for Your Mom
- ThinkAdvisor.com – The Good News and Bad News About Retirees’ Health Care Costs
