Live Your Legacy
Home Page » LLG Wealth Management and Planning » Long-Term Care

Long-Term Care

Many individuals are not aware that they are at risk to outlive their retirement income. Boomers tend to focus on priorities such as funding their children’s education and investing in their retirement. Female boomers may be at a greater risk. They may fall into the circumstances of the “sandwich generation” by typically having to sort out the responsibility of taking care of their children as well as their parents. Couple this with longevity and increasing health care expenses and what can you expect? What is your solution? Are you prepared to deal with this potential crisis?


With the signing of the Deficit Reduction Act (DRA) of 2005 by President Bush in February 2006, the federal government has taken steps to encourage Americans to take more personal responsibility for covering the cost of their long term care (LTC). One facet of DRA allows states to establish Qualified State Long Term Care Insurance Partnership Programs. The intention of these government-sponsored LTC programs is to:

  • Help protect the stability of state Medicaid programs

  • Promote the importance and value of private LTC insurance coverage

  • Offer Medicaid Asset Protection to consumers who buy LTC insurance, enabling them to protect an additional dollar amount of personal assets and still remain eligible to apply for Medicaid coverage of LTC services if needed.

LTC Insurance policies help your family with the burden of crisis management. It is a present that you can give your family to alleviate the coordination of care and financial burden should long-term care be needed.

Would you like to speak to our LTC specialist, Carol DeLucia?

Click here to contact her, or call toll-free to 888-854-7526.

 

 

 

FREE FINANCIAL ANALYSIS

Get a complimentary second opinion on your current financial plan, 401k/ira, or life insurance policy.

Please select which service you are interested in:

Legal | Privacy Policy | Insurance Quote | Careers | Contact Us | Staff Login | RSS | Sitemap | Download Our Brochure

©2007-2017 RetirementGeeks.com

2840 Plaza Place Suite 206, Raleigh, NC 27612

Toll-Free 888-854-7526 • Local 919-881-2850 • Fax 800-785-1070

info@llgfinancial.com