| Medical sciences has giving us the ability to live
almost 15 to 25 years longer after retirement. With the average life
expectancy into our 80's, people need to be planning for the additional
risks that come with a longer life span.
The main concern of most retiree and seniors including outliving
assets, maintaining the current assets from inflation, and preserving
good health and independent lifestyles.
One of the greatest risk to retirement planning is the cost of
long term care. Most people over the age of 65
will need some kind of long term health care services, either at
home, in a nursing home facility or in an assisted living facility.
The national average of long term care costs ranges between $50,000
to $60,000 per year. Seniors spend more on out of pocket
medical bills than the rest of the population. These may include
out-of-pocket medical expenses, prescription costs, insurance,
expenses, and more. The costs of long term health care for a person
with diabetics, Alzheimer's, severe arthritis, dementia, are so
potentially high that it could wipe out any assets the person has.
The average long term care for a diabetic would costs about $200,000
for 4 years, and over $400,000 for a person with Alzheimer's disease.
Have you planned how you would pay for your care if your health
changes for the worse. Have you considered the costs of your care
on your whole family? With long term care insurance you can be
control of where, when and how you will receive your care.
Are you relying on Medicaid to take care of you? Medicaid's tight
eligibility requirements makes it harder for most people except
the very poor to receive benefits. Even now, state governments with
budget deficits are working to tighten restrictions as to who can
qualify for Medicaid assistance.
You've spent a lifetime building your assets and estates. Why not
take the steps necessary to minimize it against risks. Using Long
term care insurance as a risk management tool is the smart thing
Contact us to add long term care insurance
as part of your retirement plan. Get free
long term care insurance quotes online.