Shared Benefits for Couples Ideal for Long-Term Care Asset Protection

Generation X and Late-Boomers should be actively planning for a successful future retirement.

Too many people fail to consider the financial costs and burdens associated with aging. Long-Term Care costs are expensive and can derail the best plan.

According to a leading expert on Long-Term Care planning, couples can develop an affordable plan together to address these costs and reduce future burden on family members.

“Most affordable Long-Term Care insurance plans offer shared benefits. This allows additional flexibility on how benefits get used,” said Matt McCann, a nationally known Long-Term Care Insurance specialist.

While there are individual differences between companies, shared benefit plans have become a key component in pre-retirement planning.

Medicare will only cover a very limited amount of skilled services and nothing toward custodial long-term care services and supports, which most people will require due to illness, accidents or the impact of aging.

Other people expect their children will become caregivers, but caregiving is hard on loved ones and can interfere with their careers, families and responsibilities.

“Paid care will drain assets and adversely impact lifestyle. The best solution is Long-Term Care Insurance,” McCann said.

There are 45 states that offer special Long-Term Care Partnership policies to provide additional asset protection. Tax incentives are also available for some people. McCann also notes you can use pre-tax money in a Health Savings Account to pay premiums.

“Planning prior to retirement makes these plans very affordable, especially for couples using shared benefits,” McCann said.

Matt McCann assists people nationwide using his unique process where they speak with him on the phone while seeing his computer screen on their computer. He works with all the major companies in Long-Term Care.

When you work with a specialist like McCann, who has actual claims experience, you can better understand policy designs, partnership programs and alternative solutions for your Long Term Care.

McCann recommends these reference websites to start your research:

LTC News offers articles and resources: www.ltcnews.com

US Department of Health and Human Services: https://longtermcare.acl.gov/

Free Long-Term Care Insurance Quotes:  https://mccannltc.net/free-quotes

Learn more about long-term care planning and find additional resources at McCann’s website.

McCann Insurance Services: 866.751.7957: www.mccannltc.net