Long-Term Care
Risk Management Strategies
Chances are, most of us will eventually need assistance doing the daily activities that we likely take for granted – activities such as personal hygiene, preparing meals and getting dressed.
That assistance could come in the form of
home health care, services in an assisted living facility or care in a nursing home. We may need that care for only several months, yet it could last for years. For many, the cost of that care could wipe out a lifetime of savings. And contrary to popular belief, your health plan doesn’t pay for these expenses and Medicare pays for very little of the expenses associated with such care. Medicaid might be a source of coverage but only for lower-income individuals.
You may or may not believe this could happen to you.
However, the emotional, physical and even financial consequences of such an event to unpaid caregivers can be so significant that you owe it to yourself and your loved ones to consider how best to deal with that risk.
We help our clients
Develop a realistic plan to deal with that possibility
and then provide guidance on the most appropriate way to fund that plan.
