Long-Term Care: A Guide to Planning Ahead

The costs of Long-Term Care (LTC) can be more than financial. Stress on family caregivers, the uncertainty of receiving your preferred care setting, and the frustration of wading through Medicare and/or Medicaid requirements – can all be alleviated through proper longevity planning.


Protection
Protection

      • Preserve assets
      • Protect yourself
      • Choose a care setting
      • Protect your family
      • Maintain independence
 
Best Health

Best Health
      • Expect more options while healthy
      • Receive rates that are based on age and health
 
Youngest Age

Youngest Age
      • Take advantage of compounding benefits on inflation
 
Safegaurd Risk

Safegaurd Risk
      • A 70% chance of needing care1

What does LTC Insurance Cover? 

Activities of Daily Living (ADL) Comprehensive Plans
Help with bathing Home health care
Eating Assisted-living facility care
Dressing Nursing home care
Toileting
Continence
Transferring

Annual approximate costs:

Private room: $108,408
Semi-private room: $94,896
Assisted living: $54,000
Adult day health care: $20,280
Home health aide: $61,776

Medicaid limits:

Single person: $2,000 maximum assets (depending on resident state).
Married couple: Half of all combined assets up to a maximum of $154,140.3

Benefits:

$14.1 billion: LTC Insurance benefits paid annually.4

Important LTC Stats

Will you need it?4
7 out of 10 Americans will need some type of LTC during their lifetime
Average length LTC: 3 years
Women: 3.7 years
Men: 2.2 years

Who will care for you?5
43.5 million Americans provided unpaid care for an adult 50+ in the past year.
60% of family caregivers still hold a full-or part-time job.
89% of caregivers are related to the care recipient.
 
Not FDIC insured, not bank guaranteed, may lose value, not insured by any federal government agency, not a bank deposit.
1. U.S. Department of Health and Human Services
3. Medicaid.gov 2024
4. American Association for Long-Term Care Insurance 2023
5. AgingCare.com “Family Caregivers Beat the Burden of High Elder Care Costs