No one likes to think about needing help with bathing, dressing, or eating. But these types of personal care needs can arise from aging, chronic illness, or unexpected health events, and the costs can add up quickly.
Long-term care insurance is designed to help cover the expenses associated with custodial care, whether in your own home, an assisted living facility, or a nursing home.
Here’s what’s often misunderstood:
- Medicare doesn’t cover long-term custodial care. It only pays for limited skilled care under specific circumstances.
- Paying out of pocket can quickly drain savings or retirement accounts.
- Relying solely on family members for care may not be realistic—or fair.
The ideal time to look at long-term care insurance is before you need it. Most people explore coverage in their 50s or early 60s while they’re still healthy and eligible for lower premiums.
Key questions to ask:
- Would you prefer care at home or in a facility?
- How long could you afford care without insurance?
- Would you want to reduce the financial burden on your spouse or children?
Long-term care planning doesn’t have to be overwhelming.
Let’s start the conversation: contact us at info@profinsprog.com or call 800-637-4676. We’re here to walk you through your options and timing.
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