A large majority of people indicate they do not want to burden family members if help getting around is needed.
Several people, in this two minute LifeHappens.org video, explain why they did not want to burden family. Listen for what they say about the importance of preparing for a change in health.
No one can say "a health change won't happen to them". Thus, if these things are of interest to you:
- Not having a family member face the significant emotional and physical issues, which come when they become your full time care giver!
- Being able to hire professionals to provide assistance.
Buy what I like to call a special kind of health insurance. Buying means you are insuring your income and savings nest egg in case on going help is needed.
Many comment - Why should I buy?
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, even when in good health today, living longer means the chance of developing frailties in your later years 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. Then too, the National Health Interview Survey in 2010 found - 28% of men and women age 45 to 64 have two or three chronic conditions. Thus, even individuals in this age range need to think about and plan for requiring help.
Many said the need for help was "unexpected". To be prepared in case an "unexpected" health change does happen ask yourself questions such as:
- What would you like to happen?
- Do you want to be home and maintain as much independence as possible? 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 insuring your savings nest egg and income.
Isn't Long Term Care insurance expensive?
Not in comparison to paying for professional help yourself!
- No matter how much the premium you pay in advance is it's just pennies compared to how much of your income & savings would be used up if you were to pay directly for all the help you would need.
- The premium amount vs the big risk of needing help is much lower than the premium vs risk for insurance on your home or a car.
The cost is also reduced some since Long Term Care insurance provides you a special age based tax deduction.
Bottom line — Buying means you — will Not Burden Family — you are insuring your Income & Savings — will Be in Control of the living situation you want.
Helping Connecticut residents.
Surveys report insurance is confusing, frustrating, and overwhelming.
John works as a resource to increase understanding of the value individuals and their families can gain. Discussions will be on what they would like and the flexibility in plan benefits, which are available to meet their interests.
In addition, your questions will be answered and we will discuss:
» The importance of taking time to think about what you want to happen "if" a change in health happens.
» Using cost sharing to control plan cost!
» How buying provides certainty or peace of mind and eliminates the worry and hoping "it won't happen".
These pages were developed and are regularly updated to share the insights of a professional advisor so you 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.