As the oldest baby boomers begin to wind through their 60s, one of the biggest concerns may not be outliving income, but outliving good health.
For retirees, home health care can cost $50,000 or more per year,1 and nursing home care can run as high as $80,0002 per year. Does your plan account for this possibility? Would you be prepared for twice that amount as a married couple?
Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and the fact that neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.
We can help evaluate your situation and determine if purchasing a long-term care policy may be the right decision to help you feel confident about your financial future. We work with a seasoned long-term care provider who is able to incorporate any non-captive product on the market, and we will refer you to him when appropriate.
We want to help. Please contact us by filling out the form below, or by calling us at (865) 392-4260 to schedule your no obligation evaluation meeting where we will answer your questions. If you can invest one hour, we can place you on the path towards the future YOU want.
1Genworth 2012 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities, Assisted Living Facilities and Nursing Homes
2MetLife: The 2011 Market Survey of Long-Term Care Costs
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