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Local Business

Long-Term Care Insurance Means More Than Just Money

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As people plan for their future retirement, Long-Term Care Insurance is part of the conversation.

It’s true that money is important, but a nationally known expert Matt McCann explains that LTC insurance provides so much more for the family than income.

“The financial costs and burdens of aging is a real issue. There is a huge impact on savings since the cost of care can be anywhere from $40k to $100k in today’s dollars, depending on where a person lives. But the physical, emotional and financial impact this has on the family is tremendous,” said Matt McCann, a nationally known expert on Long-Term Care Planning.

McCann says when a person requires extended care, the burden typically falls on the family.

“Most of the time, it is a daughter or daughter-in-law which the burden is placed upon. This is especially true when no advance plan is in place. This person is a spouse, a mom, has a career and now must be a full or part-time caregiver. This is difficult, to say the least,” McCann explained.

Most policies, according to McCann, have case management. This health professional works with the family and the doctor to make recommendations and arrangements and offers a plan of care. This reduces the burden on an older spouse or adult children and in-laws.

“An affordable Long-Term Care policy allows family to be family and provides the resources for choices of quality care in the setting the family desires. The decisions of how benefits are used, once a person qualifies, are up to the policy holder and family,” McCann said.

McCann says long-term care will impact all of us – our families, our savings and our lifestyles. A long-term care policy will not only protect assets but eases the burden placed on family.

McCann helps clients nationwide. He is endorsed by the American Association for Long Term Care Insurance and represents all the major companies.

McCann speaks with clients on the phone as they view his computer screen from a special link from his website. This way they can learn their options, ask questions and get professional recommendations without pressure.

McCann recommends several reference websites for research:

LTC Planning News offers articles and resources: www.longtermcareplanningnews.com

US Department of Health and Human Services: www.longtermcare.gov

McCann’s website also features several outstanding resources.

McCann Insurance Services, 866-751-7957, www.mccannltc.net