Contact us for a free consult to see how long term care needs fit into your overall financial and retirement plan.
Hybrid and traditional long term care insurance can help cover some of the expense - but not everyone needs or can afford insurance. We can help you decide if long term care insurance should be part of your overall holistic financial plan...or if another strategy might make more sense.
Remember - we don't sell insurance - our only motive is finding our clients a strategy that bests suits their financial and family situation!
It is sometimes possible, with advance planning, to gift away some assets, or transfer them out of your name. The idea is that if you run out of money, government programs like Medicaid may be able to take over. A carefully planned gifting program will ensure you retain sufficient assets to secure the care you need - but make sure your spouse or children aren't left penniless either. We will often work with elder care or estate attorneys when crafting these "asset protection" or "Medicaid planning" strategies.
Truth is, if you want to be sure you keep all options open, and have access to the very best care and residence options, your best solution may be to "self pay". And many people with the means to do so may choose from various residential options such as Assisted Living facilities, Indpendent Living, or Continuing Care Retirement Communities. These facilities may require a large lump sum "buy in" and hefty monthly fees - but in return they promise the ability to provide as care needs change over the years.
We can help you decide if such a community may be a good fit, either for you - or your parent or loved one. We will often work in conjunction with aging consultants and care experts.