Do You Need Expensive Long-Term Care Insurance? Or Will You Face Financial Devastation When Your Loved One Needs A Caregiver.
Statistics tell us that 1 in 2 females and 1 in 3 males will need some type of assisted long-term care after age 65. The cost of long-term care, whether it be at home, in an adult family home, assisted living facility or skilled nursing home is several thousand dollars a month. This cost continues to rise yearly. For many this will drain their resources quickly.
There are three ways to pay for long-term care. You pay out-of-pocket, shift the risk to a long-term care insurance policy, or are poor enough to qualify for Medicaid/COPES.
Long-term care (LTC) policies themselves are expensive, get more expensive each year and not all of them qualify medically. A rule of thumb is that if you need to change your lifestyle to afford the LTC policy now or in the near future, this is not for you.
We are here to help you figure out how to obtain long-term care without going broke – there are ways!!
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