The age wave is a reality – people are living much longer past retirement today. Studies show that a substantial percentage of the aging population requires some type of long-term care in the form of extensive home health care, assisted living or nursing home care. The need for care is quickly increasing.

There are a number of questions to consider in determining whether long-term care coverage is appropriate for you:

• What is the annual cost for home health care or nursing home care?
• Can you count on Medicare to pay?
• Are you willing to spend down your assets to qualify for Medicaid?
• What features of long-term care coverage will you need?
• Will existing medical conditions preclude you from obtaining this coverage?

How do you pay for needed care while protecting the assets you have worked hard to build – Medicare, Medicaid, your investments, or long-term care insurance? The chart below shows what percentage of care is paid by each:

We understand there is a lot of confusion about what constitutes a good long-term care policy and who should buy long-term care insurance. We consider a number of factors (your age, net worth, marital status) in determining whether long-term care coverage is appropriate for you and, if it is, what features make sense. We will show you a comparison of available policies in the long-term care market and take the time to educate you so that you can make the right decision.
The differences are found in the fine print of the contracts – not the marketing brochures.

At Lang Financial, our hallmark is to answer your questions, help you explore your options and assist you in making the right decision.
Contact us.