The Top 5 Questions About Long-Term Care
Straight answers to the questions most people ask before they're ready to have a real conversation.
Is Long-Term Care equal to being in a nursing home?
Typically, a nursing home is where long-term care ends. It starts at home. If you're like me, you want to stay in your own home, independently, for as long as possible. Long-term care services can do just that. At a cost.
My family will take care of me — I won't need Long-Term Care services, will I?
70% of us will need some form of care* and you are correct; your family will take care of you. I can tell you from experience that taking care of a loved one is both physically and mentally draining. The real question is whether you want them coordinating your care, or providing it.
Does Medicare pay for long-term care?
The short answer is no — Medicare does not pay for long-term care services.
Long-Term Care Coverage — Medicare.gov →If I purchase long-term care coverage and never use it, will I lose my money?
No. The old days of "use it or lose it" are virtually over. Today's hybrid policies ensure that if you never need LTC benefits, your family will receive what you've put into it — plus any growth and/or death benefits.*
I prefer to keep my cash safe and accessible — is cash the only way to pay for a policy?
There are many ways to fund a long-term care policy.
See policy for full details. Not FDIC insured. Not a bank product. Additional information can be found here: Traditional vs. Hybrid LTC: Which Is Right for You?
Ready to talk through your options?
No pressure, no jargon — just a straightforward conversation about your situation.