Plan Your Care Before Your Care Plans You
You spend most of your adult years working hard to give your family a good life and have financial security when you retire.
However, even our most thought-out plans can have unexpected challenges, and there’s no telling what can happen in the future.
- Over 70 percent of adults above the age of 65 will need long-term care and support. For this reason and its increased costliness, long-term care is the #1 leading cause of bankruptcy for retirees in America.
- Only 24 percent of older adults receive more than two years of paid long-term care services.*
It will never be certain if you can avoid needing this type of care in the future or for what length of time. The best thing you can do for yourself and your loved ones is to prepare for this eventuality. Having a contingency for long-term care in your retirement can spare your family from the significant financial and physical burden associated with custodial care. It will also protect your home and other assets you’ve worked all your life to achieve, preventing them from being spent away to pay for your care.
A Long-Term Care Plan by Care Planning Consultants can give you financial protection and ample coverage for quality care for seniors and pre-retirees. With our affordable yet comprehensive insurance policies, you’ll be free to choose options apart from state-funded facility care and the asset spend-down it requires. You can preserve your savings and live the lifestyle you dreamed of having when you retire.
We Help You Secure Premium Care
Solutions For Your Future
Ensure Your Long-Term Care When You Need It The Most
Do You Want To Protect Your Assets Accrued Over Your Lifetime?
Long-term care might be commonly associated with retirees, but even younger people could need it. Over 95 percent of all care received in the US in the last five years was legally and medically categorized as custodial care. Its cost ranges from $48,000 to $110,000 per person per year – enough to drain the average American’s savings and retirement fund in short order.
Our Long-Term Care Plan, therefore, is not just protection for your health but also the future you envisioned for yourself and perhaps with your significant other and your family. In addition, it protects you from the devastating financial crises that so many retirees face: homelessness, debt, and bankruptcy.
Having this type of plan in place can help ensure that you keep living the lifestyle you’ve worked all your life to achieve.
Do You Want To Give Your Family Peace Of Mind About Your Care After Retirement?
It is inarguable that insuring your retirement protects your family from the financial costs associated with long-term care.
Medicare only covers expenses for skilled nursing care or treatment that only licensed nurses can carry out. It cannot cover non-skilled or custodial care, which makes up the majority of care received in facilities and at home. The most that Medicare can provide is 20 days of fully-paid care in a certified nursing facility, and only up to 80 more days if you can verify you’ve improved everyday. When those 100 days are up, you’ll need to pay for your custodial care entirely out of pocket.
It is never easy knowing that the people you love are distressed or burdened, whether financially or physically, because of your healthcare needs. Therefore, preparing for your long-term care is as much for your family’s benefit as your own.
Life doesn’t end at retirement; on the contrary, it is the time to enjoy life again. You’ve already raised your children and supported your family the best way you can. So there is no greater assurance than living your senior years as you wish with your assets intact.
Do You Want Options Regarding How and Where You Receive Your Care?
Government programs such as Medicare and Medicaid have limited coverage for long-term care. Moreover, relying on taxpayer-subsidized programs limits your choices, and the state can be given the power to make major healthcare decisions on your behalf, as well as putting a lien on your assets to pay for your care.
Our Long-Term Care Plan gives you the freedom to make your own choices, whether that’s assisted care at home or residency in a privately-run retirement facility. An insurance plan will also allow you to pay for medical consultations with specialists of your choosing.
Having the financial and legal freedom to live your senior years on your own terms is the best gift you can give yourself and your family. So while you’re still able, prepare now for a comfortable life in your retirement years.
