With constant advances in medicine, people are living longer. Living longer, however, raises concerns about how to pay for assistance when you can no longer care for yourself.
Statistically, 7 out of 10 individuals will need some level of long-term care at some point in their lifetime. Contrary to what many people think, Medicare and health insurance do not pay for the costs of long-term care. Unfortunately, the cost of long-term care can be very expensive. According to a recent study, the US nationwide average cost for long-term care is $239 per day – over $87,000 per year.
You can help secure your financial future with long-term care insurance. It can help protect your retirement nest egg from the high costs of long term care, and allow you to receive care with the dignity you deserve, in the setting of your choice. We have many different plans and options available. Contact us today for more information so we can custom design a plan to fit your needs and budget.