Who Needs Long-Term Care
Long-term care is typically needed by the elderly, but it is also required by anyone with a debilitating illness or injury who needs assistance to perform what we consider everyday functions, such as feeding oneself, bathing and getting dressed.
In fact, long-term care can be very expensive and can deplete a lifetime of savings within a few years. (Long-term care in nursing homes can cost an individual more than $40,000 per year.)
If you are employed, you may want to check with your employer regarding coverage, as some employers provide long-term care insurance for their employees, and some will even extend coverage to parents of their employees. If you are already covered under an employer-sponsored policy, then you may not need to purchase a separate policy until after you retire.
We can help you review your existing coverage or discuss new coverage and ensure the right plan is in place.
Carruthers Financial will help you plan...