Long-Term Care
Plan now so that when care is needed, the weight of it does not land on your children.
Long-term care is easy to postpone, but by the time it is needed there are almost no options left. Preparing early lowers the cost and widens the choices.
Medicare is where most of the confusion sits. It pays for short-term skilled nursing after a hospital stay, up to 100 days, and not for the long-term help you need when daily life becomes difficult. That cost falls to your own savings, or to your family.
Once care begins the expense repeats every month, for a long time. It is the fastest way a retirement fund is drained, and without a plan the weight of it moves to your spouse and your children.
Older care policies put people off because the premiums vanished if you never claimed. That is no longer the only option. Some designs pass the value to your family if care is never needed, some add care coverage on top of an annuity or life policy you already hold, and some pay a cash benefit you can use while living in Korea.
Whether you qualify depends on your health, and benefits usually begin when you can no longer manage two of the six daily activities on your own, things like bathing, dressing and moving about. That is why checking while you are healthy is worth so much.
Let us look at what is actually open to you now, given your assets and your health.
- Long-term care policy design
- Reducing the burden on family
- Plans usable while living in Korea
- Pre-application checklist
- Asset-based care plans
Per the U.S. Department of Health and Human Services, roughly 70% of Americans over 65 will need long-term care at some point.
Nursing home care commonly runs past $100,000 a year, which drains retirement savings far faster than most people plan for.
Benefits typically begin when you cannot perform 2 of the 6 daily activities (bathing, toileting, dressing, transferring, eating, continence) unaided for 90 days.
One question is enough to start
A consultation does not oblige you to buy anything. Putting your situation in order is my job.
- 1
Call or email
Leave just a name and a number, and I will call you back.
- 2
We talk it through
Not a product pitch. I start with where you stand and what you want to know. Office visit or phone, whichever is easier.
- 3
You decide in your own time
I show you the carriers side by side. Talking it over with your family first is never too late.
