Every where you turn you hear a story that affects many Americans today: It may be about the neighbor whose mother after a debilitating stroke is now counting on her children for help with assisted living; or your friend’s husband who became ill and and has to dip into his retirement savings for long-term care. Or, your co-worker who has to take time off to care for a parent at home, as there is no other option available.
It’s a reality that can hit each and every one of us. Are you prepared to cover the expenses should you need long-term care? Would you have to tap into all your savings to pay for care? How would this affect your family?
These are tough questions to ask, but there are effective solutions. At Sinclair Risk & Financial Management, we offer our clients the option of purchasing Long Term Care Insurance.
Long-Term Care insurance protects your savings against the high cost of care at a nursing home or assisted-living facility, or help from a home health worker. It helps pay for the care you need when you can no longer care for yourself. Without a policy, you’ll pay out of pocket until you’ve nearly exhausted your assets and can qualify for Medicaid. Or, you’ll have to depend on your family…and that’s if they’re in a position to help.
Consider the future today.
Family members and friends provide about 70% of elderly care today. Help protect yourself against costly expenses by providing yourself and your family with Long-Term care insurance. Call the Sinclair professionals at 203.265.0996 today to learn about this valuable coverage. We look forward to speaking with you.