A common sentence found in articles about long term care planning and insurance can be puzzling.
The articles usually read, “The decision of whether to buy long-term care insurance is a difficult one …”.
Generally, this is a fairly simple decision, according to leading expert Matt McCann.
“Far too many so-called professionals make this a much more difficult decision than it should be. First, if you have little or no assets than you already have a plan for long-term care. The Medicaid program will pay for services if you have few assets and income. If you have savings than a Long-Term Care policy is probably a good idea. The question becomes the policy design,” said McCann, a nationally known speaker on long-term care planning and an expert on Long-Term Care Insurance.
Long-term care insurance pays for the care required due to illness, accidents, or the impact of aging.
Long-Term Care Insurance is more than just about money. McCann acknowledges that it is about family.
“Most people I speak with want a few things when they start planning for a future successful retirement. They certainly want to preserve assets and protect income. However, after discussing their concerns, they don’t want to place the stress and burden of either caregiving or managing paid care on their family. They want to give their family time to be family,” McCann explained.
Long-Term Care Insurance is custom designed. Most states have partnership policies available that provide additional dollar-for-dollar asset protection. Policies give you the freedom of deciding where you will receive care.
“You and your family are in control from the design of the policy to how benefits are used at the time of claim. This is tremendous peace-of-mind for everyone,” McCann said. “Be sure to start researching before you retire when you are in your 40s and 50s and take advantage of low premiums. The fact is a LTC policy is easy, affordable, and rate stable income and asset protection.”
Start your research by reviewing frequently asked questions about long-term care planning: https://mccannltc.net/resources/faq
McCann assists people nationwide with his unique method where consumers speak with him on the phone while seeing his computer screen on their computer. McCann works with the major companies in the industry. Policy design is key to protecting your savings in a very affordable way while reducing the stress on loved ones. He recommends these reference websites for 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: www.quoteonltc.com
McCann’s website also features numerous resources, so consumers can learn more about long-term care planning.
McCann Insurance Services: 866.751.7957: www.mccannltc.net