The holidays bring families together, making it a natural time to discuss important future plans. One of the most overlooked topics is long-term care. Planning ahead now can make a big difference in both cost and peace of mind.
Why Plan Early
The earlier you start planning for long-term care, the more options you’ll have. Premiums are lower when you’re younger and healthier, and you’re more likely to qualify for coverage.
The Rising Cost of Care
Nursing home care, assisted living, and in-home services are expensive. According to Genworth’s 2023 Cost of Care Survey, the national average for a private room in a nursing home is over $100,000 per year. Without planning, these costs can quickly drain savings.
Protect Your Family
Long-term care insurance helps ensure that you won’t become a financial burden on loved ones. It also gives you control over the type of care you receive.
Holiday Conversations
The holidays are a time when family members gather and talk about the future. It may feel uncomfortable, but discussing long-term care now is an act of love and responsibility.
Next Steps
Consider your age, health, and family history. Schedule time with an insurance advisor to learn your options. The sooner you plan, the more flexibility you’ll have.
Learn more about long-term care coverage and get personalized guidance by contacting Professional Insurance Programs at 800-637-4676 or info@profinsprog.com.