Long-term care planning - It's time to start

Some things I believe you need to know about long-term care:  You're probably not covered.  Many people mistakenly believe they are covered for long-term care, but this assistance is not typically covered by your health or long-term disability insurance. 

Government programs aren't designed to pay for all your long-term care needs.   Medicare only pays for skilled care, while Medicaid only covers the very poor – those whose assets are at or below state-required levels.  These programs often don't cover care provided in your own home. 

Long-term care doesn't mean nursing home care.   In fact, the majority of people who need long-term care remain in their own home or in their community.   Most long-term care insurance policies will cover people in all care settings including the home.  That's a significant benefit.

  Your age and health make a big difference in what protection costs.  Many people put off looking into long-term care insurance protection.  Waiting to plan can be a mistake because the cost of insurance is based on your age, increasing as you get older.   Your health is also a most important factor.  Waiting to plan can be a costly mistake because a change in your health can make you ineligible for this protection (no matter how much you are willing to pay).

Make Long-Term Care Awareness Month the time you start planning.

There is no cost or obligation to find out how much long-term care insurance protection costs. Why not find out now.  It's an important first-step to take.  Call me today, at 616-942-8600.