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Planning for Long-Term Health Care is Very Important !


long term care

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is the #1 Financial Risk faced by retirees.  US Govt. statistics tell us that 70% of Americans over 65 will eventually need long-term care for an average of 30 months.

According to the Department of Health and Human Services, at least 70 percent of people over 65 will eventually need long-term care, either at home or in a nursing home, and that can be very expensive. The average stay for a woman entering a nursing home is almost four years; if she’s in a semiprivate room, that cost in San Diego is about $375,000. For married couples, the chances that one spouse will need long-term care rises to 91 percent.

When it comes to financial planning, determining how to pay for longterm care is often the last item families address, even though it may be one of the most important. Failure to plan for long-term care needs can be financially devastating. We are well aware that health care costs are a big concern for people going into retirement, but the costs of long-term care can still be an unexpected financial shock.

We have a long-term health advisor to help with your questions and to also search for the best policy for your particular situation. Just ask.