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My Longterm Care Plans



Long-Term Care Planning

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Our reality is 70% of those who turn 65 are expected to need some form of long-term care. It may never happen to you, but what would the consequences be to your family, financially,

physically and emotionally if you became frail and did require

care over a period of years?


This is the Wild Card in you financial and estate plans


Long-term care is an unexpected, immediate event that impacts the entire family

It changes the lives of spouses and adult children as they become caregivers

It is the largest unfunded financial risk that can adversely affect retirement plans, investments, estate plans, and family goals




This is not just an issue for the elderly


An extended health care event can happen to anyone at any age

Is a period in one’s life when they have a chronic physical or cognitive disability

Can be the result of an accident, illness, injury or just normal aging & frailty

Needs range from custodial (e.g., dressing and bathing) to intermediate and skilled care


What Pays for Care


Custodial care services received at home or in a facility can cost $5,000 to $15,000 per month or more, and will be more expensive in the future

Medicare, the Affordable Care Act (ObamaCare) and group health insurance does not pay this care

Medical welfare (Medicaid and Medi-Cal) is available to pay for nursing home costs for those who meet certain financial eligibility requirements.

Only personal income, assets or an insurance policy with long-term care benefits pays for custodial care



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