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