A large majority of people indicate they do not want to burden family members if help getting around is needed.
You can hear from several people, in these LifeHappens.org videos, on why they did not want to burden family and why it was important to prepare for a change in health.
Will it happen? No one can say "they won't" "at some point so buying what I like to call a special kind of health insurance means you'll have a solution if a change of health happens and:
- Your family member won't face the significant emotional and physical issues, which come when they become your full time care giver!
- You can hire, using funds from your plan, the very expensive professionals.
- Some of your financial nest egg will be protected.
Many don't like to think about needing long term services. Thus, they comment - Why should I?
First - significant medical advances have occurred over the years. This means:
- On the positive side people living longer will have more time to enjoy life.
- On the other hand living longer, even though in good health today, means the chance of developing frailties and/or having a change in health goes way up.
Second - 60% to 70% of Americans 65 or older will need help at some time according to the American Society of Aging. This is not just for elderly since the National Health Interview Survey in 2010 found - 28% of men and women age 45 to 64 have two or three chronic conditions.
Many said the need for help was "unexpected". To be prepared if "unexpected" happens ask yourself questions such as:
- What would you like to happen?
- Do you want to be in your home and maintain as much independence? Do you have a pile of money to pay for very expensive help?
- Could a family member change what they now do to come help? Would your family help you pay for professionals?
Have a Question?
You found information and need help figuring out what it all means! Call John today -
for answers and to talk about the values you and your family gain by owning this important kind of financial protection insurance.
Isn't Long Term Care insurance expensive?
Not in comparison to paying professional help yourself!
- No matter what your premium is it's just pennies on the dollar compared to all the funds needed to pay for help yourself.
- Then too, the premium cost vs the big risk of needing help is much lower than the premium vs risk for insurance such as on your home or a car. It can be considered a bargain!
The premium for Long Term Care insurance will also provide you a special age based tax deduction.
Bottom line — Buying means you — will Not Burden Family — can Protect Savings — will Be in Control of the living situation you want.
Helping Connecticut residents.
Surveys report insurance is confusing, frustrating, and overwhelming. John helps individuals increase understanding by listening, sorting through their questions, and responding. Discussions will be on your thoughts, interests, and to consider options, which will meet then.
We will also review points such as:
» Planning is a step toward achieving what you want to happen "if" a change in health happens.
» Buying provides certainty and eliminates the "hoping it won't happen".
These pages were developed and are regularly updated to share a professional advisor's insights so individuals can make informed and effective decisions on Long Term Care insurance (LTCi). Page highlights:
- What's LTCi - summarizes what long term care is, how it works, and the cost of these services.
- Value of LTCi - some points on what you and your family gain by owning this special kind of "family protection insurance".
- Value of Early Planning - why taking action early to protect your family is important.
- LTCi in the workplace - ideas for employers on the value of implementing a Long Term Care benefit.
- Learn More - links to information on the Connecticut Partnership for Long Term Care; resources and videos about long term services; and the advantages to residents of owning Long Term Care insurance in Connecticut.
Additional insights are posted periodically on the Long Term Care insurance in Connecticut blog.
John C Parker, has achieved professional designations as a Long Term Care Insurance professional and a Registered Health Underwriter. John is licensed to conduct business in CT (644135) and RI (1058420) and does not solicit or sell in other states.
This site shares insights from extensive involvement in professional associations, industry conferences, working with leading Long Term Care Insurance organizations, and individual research. These pages do not advocate a specific company or plan.