A large majority of people have indicated they do not want to burden family members if on going help is needed to get around.
Thoughts on why several individuals did not want to become a burden are shared in this video on the LifeHappens.org site. Their stories bring out the importance of preparing for a change in health.
Why prepare? Some points on what you can gain by taking action to prepare for the unthinkable by buying a special kind of health insurance:
- Your family member won't be faced with the significant emotional and physical issues, which come with becoming your full time care giver!
- You will have funds in the insurance plan's benefit pool to hire and be in control of needed, but very expensive, professionals.
- Buying means some of your financial nest egg for the future will be protected.
Many say I don't think I'll need long term services! Why take action?
First - significant medical advances have occurred over the years. This means:
- On the positive side people who live longer will have more time to enjoy life.
- On the other hand the chance goes way up that frailties and/or other changes in health will happen since no one can say they won't "need help to get around".
Second - 60% to 70% of Americans 65 or older will need help at some time according to the American Society of Aging.
Many who needed help said, it was "unexpected". In taking action to avoid the unexpected the first step is to ask yourself questions such as:
- What would you like to happen if help is needed?
- Do you want to be at home so you can maintain as much independence as possible?
- What would your family do? Could one change what they are now doing to come help?
- Do you have a pile of money put aside to pay for very expensive help so you can avoid becoming poor? Would family members help you pay?
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 for professional help yourself! Paying a premium for this special kind of health insurance is the most economical approach:
- 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 cost vs risk for insurance such as on a home or a car!
Another point which lowers the overall cost is the special tax deduction for Long Term Care insurance. The amount is based on your age.
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.
John C Parker helps individuals understand how preparing for a change in health » provides certainty » is a step toward achieving what they want to happen » can protect some of their nest egg "for the future".
These pages were developed to share a professional advisor's insights and resources so individuals can make informed and effective decisions on Long Term Care insurance (LTCi). They are regularly updated:
- 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.