What Keeps You Up At Night?
Long-Term Care
According to the U.S. Department of Health and Human Services, at least 70 percent of people over age 65 will require some long-term care services at some point in their lives.* But, what is long-term care and how do you know if you need long-term care insurance?
Current Insurance Policies
- What coverages do I have to address the need for long-term health care?
- Disability income insurance doesn’t cover in-home care or nursing home costs.
- Health insurance doesn’t cover them either.
Immediate and Extended Family
- How am I going to care for parents and/or in-laws as they get older?
- Nursing Home? Assisted Living? Your house? Their house?
- Will they need full-time help or part-time?
- Will this be a long-distance care situation? If so, how often will I be able to check on the conditions personally?
- How much will it cost to take care of my parents and/or in-laws?
- Nursing home, assisted living, or private home?
- Full time or part-time?
- Do I need to build in the cost for travel?
- How long do I have before I have to address these issues?
- Can I afford to let it become a crisis?
- Do I have enough assets to cover the cost of care without taking out additional insurance?
- What/How much would I have to sell?
- What impact would this have on our lifestyle?
- Will I be able to afford retirement where and how I planned?
- Can I cover the care for my parents, in-laws, and myself without it becoming a burden?
- Are there steps I can take at a younger age to help defend me against the skyrocketing costs of this care?
- Enroll at work
- Enroll on your own
* “Who Needs Care?” Who Needs Care? - Long Term Care Information. Web. /longtermcare.acl.gov Jan. 2021. acl.gov/ltc/basic-needs/who-needs-care. The information provided is only applicable to residents of Connecticut, New Jersey or New York. This information provided is not intended for residents outside of these states. LTC4 CRN202604-4325758