How to Preserve Assets When Faced With Long Term Care Costs

It is estimated that over 70% of people over 65 will need some type of Long Term Care(LTC) according to the US Department of Health & Human Services. Meet Charlie and Fran.  They have three children, 9 grandchildren and 5 great grandchildren…so far!  They have hopes and dreams for their future generations and have worked hard to ensure their legacy is passed on.  As they age, they realize that if either one of them needs

What Does Assisted Living Cost and How to Pay For It?

One of the first questions families ask about assisted living is ‘how much does it cost?’ Many people are surprised at how affordable it is when given when given specific information about what’s included, such as; utilities, food, cooking, cleaning, entertainment, transportation and 24/7 nursing care. What does Assisted Living cost in Utah?  Communities charge anywhere from $2,000 a month to as much as $6,500, but the average is about $3,500. This amount largely depends on 3

Are You Prepared For Your Long Term Care?

“If I insure myself against the minimal risks affecting my home, my car, and my overall acute health needs issues, why haven’t I insured against this far greater risk of an eventual Long Term Care event?” Seven out of ten of us are going to require a period of extended care before we die. At present, this risk statically spans an average of three years with the cost of care ranging from $92,000, to $276,000

7 Best Kept Secrets For Financing Home Care

Families need to understand their options when it comes to paying for senior care, but first, it’s important to understand the level of care you need. Senior care in the home can range from a couple of hours of help per week to 24-hour skilled nursing care. You may think that Medicare is the only option for long-term care, but Medicare only covers nursing and clinical care for acute conditions, usually following a stay in

Long Term Care Insurance 101

Long Term Care Insurance (LTCI) can be very daunting and intimidating for just about anyone outside of an insurance agent or financial planner. There are so many nuances and requirements that it’s very important to read your policy in full and follow the exact procedures the policy outlines in order to qualify for coverage. Every policy is different and ultimately it is up to you, the policyholder to submit the correct information. This article is