You don’t need a survey to know that the majority of people prefer to never live in a nursing home.
If given a choice, most of us would like to live a long, happy, healthy life. Unfortunately, most of us will need some extended care, which is expensive.
The U.S. Department of Health and Human Services says about 7 in 10 people turning age 65 today will need some type of long-term-care services at one point in their lives —either at home or in a facility. Women need care longer (3.7 years, on average) than men (2.2 years) and 20 percent will need care for longer than 5 years. The family usually can’t be caregivers.
“If you go into your retirement years with no plan for long-term care, you may force yourself into a nursing home. This is what happens when crisis management is the only plan in place. There is a better solution. Affordable Long-Term Care Insurance gives you access to your choice of quality care. This includes care at home where most people want to stay,” said Matt McCann, a nationally known speaker on long-term care planning and an expert on Long-Term Care Insurance.
McCann says many people think these policies are expensive and only cover a nursing home. That isn’t true.
“Today’s Long-Term Care Insurance provides comprehensive benefits and control. You get to choose where you receive care and you get to design your plan. LTC policies are custom designed to match your needs and budget,” McCann explained.
Most states offer partnership policies that also provide dollar-for-dollar asset protection. This means you can design an affordable plan that protects your assets without having to spend a lot of money.
“If you or your spouse is not eligible for coverage it is essential to cover yourself. Most of my clients have premiums under $150 a month. Premiums are based on your application age, health, and the amount of benefits you wish to have in place. You must work with a qualified specialist and not a financial advisor or general insurance agent,” McCann noted.
McCann, licensed nationwide, works with all the major insurance companies. He uses his unique method where consumers speak with him on the phone while seeing his computer screen on their computer without any pressure or long in-office meetings.
He recommends these reference websites for research:
LTC News offers articles and resources: www.ltcnews.com
US Department of Health and Human Services official long-term care site: https://longtermcare.acl.gov
Free Long-Term Care Insurance Quotes: www.quoteonltc.com
McCann’s website also features numerous resources, so consumers can learn more about long-term care planning. Remember, a specialist like McCann, will have to ask you some detailed questions to make accurate recommendations and quotes from all the major companies.
McCann Insurance Services: 866.751.7957: www.mccannltc.net