Protect Your Finances in Retirement
Millions of Americans enter retirement each year without a plan for their future healthcare. Considering that most of our healthcare expenses occur when we have the least income, that can be a big problem for your retirement plan if left unaddressed. Meet with an elder law attorney to review or create a plan for long-term care, including insurance options, starting today.
Why Choose Our Team for Assistance With Long-Term Care?
- Discover what long-term care insurance can do for you or your spouse
- Get legal advice on whether or not insurance is the right path for your family
- Create a future-proof plan for your future healthcare that your loved ones can easily reference
- Work with our team to ensure your plans are up-to-date with your finances and goals
- Receive assistance from our elder law attorneys at every stage of your future plans
Veterans Pension Benefits
Twenty-five years ago, long-term care insurance policies were overpriced and provided poor coverage with many exclusions. Then the pendulum swung the other way. Plans became better and more appropriately priced. Unfortunately, as pendulums go, recent years have seen consistent price increases in long-term care insurance as health care costs have also risen. The current situation is that these plans are great for some and not so good for others. A good professional can help you decide where you fit.
The most common complaint about long-term care insurance is, “If I never use it, I will have wasted my money.” But if you think about it, isn’t that what happens with auto insurance? We all have auto insurance and it makes sense to keep it. Long-term care insurance is not much different. It is a method by which many people can pool their risk and resources to make sure everyone gets the care they need. Usually, if you are the policy holder who requires a significant period of long-term care, you will use far more than you ever put into the pot.
A long-term care policy is a beacon of hope for individuals and families facing a long-term care crisis. One of the biggest benefits of long-term care insurance is that it pays for the whole continuum of care. You can get help at home, in an adult living community, in an assisted living facility, and in a nursing home. These diverse options allow you to live in the least restrictive environment and enjoy the highest quality of life possible. Having these options will also take a huge burden off of your loved ones who are helping you.
At The ElderCare Law Firm, we can help you see what a long-term care policy would look like for you, and also compare it to other available options so you can set up a customized plan that makes the most sense for your circumstances. When dealing with these complex issues, only an elder law attorney who also has insurance expertise can show you the full range of long-term care planning options. The ElderCare Law Firm has the experience to help you—contact us today.