medical & long term care insurance
Not Burden Family - Protect Nest Egg

The Employee Benefit Research Institute said it best:

"Having adequate Long Term Care insurance is the single most influential determinant of whether an individual will have a financially secure retirement."

Most people hope to have as healthy a life as possible. However, no one knows whether a health or accident "Life Happens" situation will occur! Thus, it's recommended to think about:

     First - what would you like to receive/have if a "what if" happens and your health changes?

     Second - where will money come from to pay the very expensive professional assistance you may need with day to day life activities?

The most effective answer to both questions is to- buy what I like to call "key family protection"©   It's Long Term Care insurance!  Owning means - your Spouse/Family won't have to use your savings nest egg to hire professionals to provide assistance since they can access funds in the plan.

Buying provides financial protection for your income and savings and gives you peace of mind since you have a:

  • Pool of Funds: Its based on the monthly Benefit you select times your Benefit Period (years). If assistance expenses were less than the monthly benefit the extra amount will be available to use in the future.
  • An option to increase the pool. For example: A person at 55 selects a monthly benefit of $7,200, a Benefit Period of four years, and adds the 5% compounding option. Looking ahead:
    • To say age 82 their Maximum Benefit would have grown to about $1,290,000. This is the age many people start to need assistance.
    • If assistance was needed at 80 all the money paid over 25 years could come back in benefits in just 7 1/2 months. (227 days) Thus, the cost of owning is just pennies in comparison to the financial protection (pool) you have available.

Long term services and supports are very expensive in CT. Some information on these costs here in CT is on this page of the Connecticut Partnership for Long Term Care site.

Bottom line -Buying means you gain peace of mind knowing you will be in control of when and where help is received - won't be a burden on family - have taken action to protect your savings nest egg.

Call my Google Voice # (860) 451-9793 today or send a Text to learn more about:    [An eMail can also be sent to - John@Parker. agency ]

 

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Employers and individuals in New London County & Eastern Conn:

  • Your source for insights & information on medical insurance plans in CT!
  • Gain a better understanding of MediCare & MediCare Health Plans from a health insurance professional!

Getting involved in your health and the cost of medical treatment will result in a more enjoyable life!

Many treatment expenses today are applied to a medical plans deductible. Thus, since the cost of medical procedures varies from one provider to another it important to understand what your costs might be. How? Enter your zip code here. Then select the category for your medical situation and you will see the cost of some providers.

     Note: Even if a limited number of providers is shown you will have a cost to talk about. For example: I have a HSA and found one cost would be $_____ for the ______ . I would like to know what your cost will be?

 

 

eMail health related insurance questions to .

Medical treatment resources and info on insurance costs.

Resources to help make treatment decisions and learn more about why medical insurance is expensive can be found on this page.

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