Long Term Care Awareness Month

Long Term Care Awareness Month

November 12, 2020
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November is Long Term Care Awareness Month, the month-long campaign aimed at educating Americans about the importance of owning long-term care insurance. As we move into the holiday season and see the New Year on the horizon, there could not be a better time to start or continue the conversation with your family, friends and loved ones about their personal goals, health and preparation for the future.  By the time you turn 65, chances are about 50/50 that you will require Long Term Care.

Starting with the basics, did you know that long-term care services can range from maid and/or landscaping services to nursing home or hospice? Regardless of the level of care a person requires, the costs can add up. A common misconception is that Medicare will pay. While it does cover the costs of traditional health care intended to restore you to full health, Medicare is not typically a long-term solution.

There are basically two approaches when considering your long-term care needs: self-insure or purchase long-term care insurance. We can help you determine your potential long-term care needs and how long your current assets might last. You also may be able to deduct some or all of your annual premium from your taxes.

There is so much to know about long-term care. Let’s get together to talk and explore your needs!

 

(11/20)