The Insurance Center, Inc.

Smart financial plans include strategies to pay for potential long term care costs.

This guide will help you learn:

• Why it is important to plan for long term care
• What strategies are available to help pay for long term care
• Whether long term care insurance is right for you or your loved ones

Having a well-prepared financial plan can help you enjoy a comfortable lifestyle in your later years. But have you considered how you or a loved one’s need for long term care could affect your plan?

What is Long Term Care?

• Ongoing health care after an injury or illness is stabilized; or care due to slowly deteriorating health
• Help with daily living, such as dressing, eating and bathing
• Help provided in your home, or in a variety of settings or facilities

If you or a loved one experiences a medical crisis in the future, you may be covered under health insurance and government programs like Medicare. However, health insurance and Medicare do not adequately cover long term care costs.

You may have a spouse/partner, family or friends who could help you. However, consider the emotional and financial strain that long term care could put on your relationships.

No one likes to think about the potential need for long term care. But with limited coverage provided by health insurance and government programs, you should know your options in case you or a loved one needs care.

Ways to Pay for Long Term Care Include:

• Personal Savings: If you have considerable savings and investments, you may be able to pay for long term care costs yourself
• Spouse/Partner or Family: If you have a spouse/partner, children or other family, they may be able to help you financially or as caregivers
• Medicaid: If you have little or no income or assets, this government welfare program can help pay for nursing home care
• Long Term Care Insurance: If you want to maintain your financial independence and help protect your savings and assets, Long Term Care Insurance may be the solution

If insurance is an option, learn how to buy and use it.

How to Buy Long Term Care Insurance

• Talk to a Long Term Care Insurance professional to learn about the costs of care in your area
• Meet with a professional to choose the coverage features and premium that are right for you
• Choose to pay premiums monthly or annually

How Insurance Could Help You

• If your situation called for long term care, you, your doctor or a family member would contact your insurer
• Many insurers would provide a care coordinator to help find care providers in your area such as visiting nurses
• You would receive benefit payments for covered care

You’ve learned about the importance of planning, ways to plan for long term care, and how insurance works.

If you are interested in learning more about Long Term Care Insurance for yourself or a loved one, consider getting help from George Curt at The Insurance Center, Inc., an insurance professional. He is a Chartered Financial Consultant (ChFC) with over 20 years of experience in assisting families cope with the high costs of long term care.

We hope you gained a better understanding of how you can:

• Remain in control of your long term care choices
• Maintain your financial independence in your later years
• Lessen the financial burden of long term care on your family and friends

Now build on what you’ve learned by getting personal help from George Curt. You can contact him by phone at 542-2551 or by email at .