Is CT Long-Term Care Part of Your Retirement Plan?

Connecticut long-term care, like life insurance, is a sensitive subject for many Connecticut residents. While no one wants to think about the onset of a severe disease or ailment, there is a strong likelihood that Connecticut residents will face some kind of health complication, which could result in the need for long term care. Statistics show that 70 percent of those who reach 65 will need long-term care, and with the average price of such care costing at least $250 a day, the bills often start piling up quickly. It is important that Connecticut residents understand their financial situation and the limits of their primary health insurance policy when preparing for their future.

Traditional health insurance coverage, including Medicare, is not designed to provide financial support for long-term healthcare treatment, procedures or other services.  CT long-term care insurance is designed to cover long-term services and supports, including personal and custodial care. These policies will reimburse policyholders a specified daily limit to help policyholders pay for services to assist them with activities of daily living such as bathing, dressing, or eating.

There is a wide range of care options and benefits that allow policyholders to get the services they need whether they are at home or in a care facility. These policies can be secured for individuals as well as couples who wish to share joint coverage. In many situations, purchasing a CT long-term-care insurance policy, and implementing strategic retirement planning, can be a way of making sure the future needs of you and your loved ones are met, by ensuring that no financial hardship befalls you or them as a result of a medical complication.

At Sinclair Risk and Financial Management we specialize in helping our clients manage their assets and funds. We offer comprehensive CT retirement planning services paired with comprehensive personal insurance products to provide our clients with the best solutions to protect themselves, their loved ones, and all their assets. Give our CT long-term-care insurance specialists a call today at (877) 602-2305 to learn more about all our services.