This coverage provides choice, control, and dignity for families facing a diagnosis which is followed by a “plan of care”. With family members spread out across the country, it can be challenging to move loved ones. Most family members experiencing a care event would prefer to stay in their own home, or in their hometown where their support system is familiar.
In general, long-term care services can be quite expensive and are not covered by health insurance plans.
Long-term care insurance not only helps preserve assets in the event of a long-term care situation, but even more importantly it preserves your independence, allowing you to live where you wish. It will also maintain your spouse or partner’s standard of living, financial security, and peace of mind.
We encourage our clients to explore the value of planning for long term care as early as age 45 to be better prepared for this future expense.