Long-Term Care

 Today, Medicaid is the largest payer of long-term care expenses, covering more than 43% of all costs. This was never its original intent. However, as the cost of care has risen over the past 30+ years and medical advances have helped people live longer, more individuals are relying on it for long-term care needs.

There are three primary ways to pay for long-term care:

• Medicaid – Limited control over the type and quality of care you receive 
• Self-insuring – Extremely costly and can quickly deplete your savings and assets 
• Planning with long-term care insurance – A proactive and flexible solution
   

With proper planning and a well-designed long-term care policy, you can help protect your assets and maintain greater control over your care if it is ever needed. And if you never require long-term care, many policies can be structured to provide a death benefit to your beneficiaries and even return your premiums, should you choose that option.