Planning for Long Term Care Services
When planning for the cost of long term care you have three choices:
- You can pay for long term care with your own assets and income.
- You can spend down all of your assets and then qualify for Medicaid. (Title 19 in CT)
- You can purchase a long term care insurance policy.
A well designed Long Term Care Insurance Policy will:
- Allow you to receive quality care for a longer period of time, and with more dignity.
- Protect your family from the burden of providing care for you.
- Ensure that your estate passes to your loved ones, according to your wishes, and not to the State to cover long term care expenses.
It is critical for you to develop a plan to protect yourself, your loved ones and your assets from the catastrophic consequences of a long term care illness. If you do not plan ahead, the burden of providing emotional, physical or financial assistance for your care will fall upon your loved ones. The impact of not planning for long term care could be devastating for all!
Discuss long term care insurance with your spouse, family, estate planner, CPA or Attorney. We will be happy to meet with you along with your professional advisor to ensure all of the issues are fully understood.
Please call our office at 1-866-456-8566 for a no cost, no obligation assessment of your specific long term care needs. We are here to help you arrive at the best solution for you and your family, and we never engage in high pressure sales.