Straight Talk About Long-Term Care

Today 40% Of Caregivers Are Men

Long-Term Care is the type of assistance that a person of any age needs when that person becomes unable to perform basic activities such as bathing, dressing, eating, toileting, continence or transferring.  It is also the best option for a person who needs care bacause of Alzheimer;s disease or any other form of memory loss.

Long-Term Care is NOT nursing home care for the 85 year old.  It's not a place, it is an event!

Some Food For Thought:

1.  Today 43% of people receiving Long-Term Care are not seniors but people between the ages of 18 and 64.

2.  Today 40% of all caregivers are male.

3.  Today 52% of all working males are caregivers for a person over age 18.

Long-Term Care Insurance will help you to:

1.  Protect your retirement savings.  Do you want to pay for care with money from your portfolio or your 401K?

2.  Maintain independence and allow choice as to where you or a family member will receive care.

3.  Avoid physical, financial and emotional stress, whether you become the caregiver or the care recipient.

4.  Pay for better care for a longer period.

Purchasing Long-Term Care Insurance is a decision to keep  yourself (or a loved one) out of a nursing home and from  moving in with your kids.

Think of Long-Term Care Insurance as a pair of shoes.  You purchase them for protection and comfort so you can go the distance in style; without them, you are going nowhere!

I welcome your comments!

Yes, We Are Alone

Well, I guess if we haven't figured it out by now, these last several days have made it even more clear that we are now alone. 

For those of us who have been planning on the government to pick up the tab for our Long-Term Health Care we can be assured that this will not happen.

This is a good time to be thinking of putting a Long-Term Care insurance policy in place so that when our health changes we wil  be in control of our own care.  We will be the ones making the choices of where and what quality of care we receive.

Let's keep in mind as we plan, that 43% of ALL people receiving Long-Term Health Care today are UNDER the age of 65.  Long-Term Care insurance in NOT nursing home insurance for the 85 year old.

If there is a history of heart attack, stroke, MS, Parkinsons Disease, Alzheimer's Disease or any other type of dementia or memory loss we  should be talking to a professional Long-Term Care Insurance Specialist.  Once our health changes we may not be able to buy this important insurance policy at any price.

You Can't Buy It At Any Price

We all have good intentions. Some of us act on them, some do not.

We've all heard the expression "a day late and a dollar short" . With Long-Term Care Insurance it's better to put a policy in place early and guarantee coverage than to wait until a dignosis such as Multiple Sclerosis. Some things you just can't buy at any price.

Such is the case with one caller who saw the segment on Fox 2 News on Monday morning August 25th.

Long-Term Care is defined as: Services for people of ALL ages with chronic illnesses or disabilities. It is NOT nursing home insurance for the 85 year old.

DM

If I can be of help to you, please contact me at 248-844-9787 or email me at mailto:asktheltcirep@50plusprime.com

The Changing Face of Long Term Care

Jewish Family Service of Metropolitan Detroit Presents

What
The Changing Face of Long-Term Care
Thursday, October 16, 2008
1:00 - 4:00 P.M.
Registration: 12:30 P.M.

Where
Jewish Community Center of Metropolitan Detroit
D. Dan and Betty Kahn Building
Eugene and Marcia Applebaum Jewish Community Campus
6600 West Maple Road
West Bloomfield, MI 48322

Approved for Continuing Education for both Social Workers and Nursing Home Administrators. Contact Hours for nursing are pending (see approval jurisdiction section for further information). Content is Appropriate for CPA's.

Sponsored by:

MCMAHON AND ASSOCIATES, LTD

For Information contact:
Stephanie Appel 248-592-2667

If I can be of help to you, please contact me at 248-844-9787 or email me at mailto:asktheltcirep@50plusprime.com.

Long Term Care Insurance

Welcome to Ask the Long Term Care Insurance Specialist at 50 Plus Prime online!

For baby boomers, who often balance their kids college costs, while planning for thieir retirement and addressing the needs of their aging parents, my blog is here to help you.

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