Long-term care is a series of expensive medical and non-medical services offered over an extended period of time. It provides a level of medical care from skilled practitioners to address chronic conditions. Services also include non-skilled personal care, such as help performing Activities of Daily Living (ADL):
- Transferring (to or from bed or chair)
- Ambulation (walking without assistance)
- Using the bathroom
Appropriate care facilities are often far from home and unappealing to visitors. Frequently people in need of this type of care recover within two years, only to find their retirement assets depleted. The costs can also place a financial burden on the surviving spouse or consume assets intended for the next generation.
One goal of long-term care insurance is to help safeguard hard-earned retirement and inheritance assets. Another benefit of long-term care insurance is that it allows people to receive care in the comfort of their own home, rather than in a health-care facility.
Contact us today so we can evaluate your finances to determine if you are a good candidate for long-term care insurance coverage.
Securities and advisory services offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency), member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Investment advisory services may also be offered through HBW Advisory Services LLC. HBW Insurance & Financial Services, Inc. dba HBW Partners and HBW Advisory Services LLC are separate entities which do not offer legal or tax advice.