We plan for many life events from estate planning to life and health insurance to end of life planning. Then there are the other “what ifs” when you need:

….extended care in your home due to an injury or illness

….care in a skilled nursing facility (nursing home)

….reside in an assisted living community

…spending time in an adult day care center

…or need changes in your home to accommodate a wheel chair or to modify your bathroom.

These life changes are challenging in the best scenarios or to downright not doable. We need the desire and determination to explore Long Term Care Planning:

…What options for long tern care are available today under your present health insurance plan?

…What care services are available under Medicare if you are age 65 and older? Good news, Medicare will pay for some SHORT TERM care services in a nursing home or at home. Medicare does not cover Long Term Care services in a nursing home or an assisted living community, care that can cost over $10,000 per month.

…Long Term Care Insurance is still in favor. It is available in three different formats to match your needs:

— Traditional long term care insurance that you reimburse you from $50 per day to up to $500 per day; you pay an annual premium.

— Hybrid permanent policy (like whole life or universal life, no term life insurance is permitted) that will provide you with both life insurance protection and long term care expense reimbursement.. You pay an annual premium.

— Single Premium Permanent Policy that will provide you with both life insurance protection and long term care insurance to pay your long term care expenses. You will pay the lifetime premium once in a single payment.

Call my office at (845) 723-5055 or my mobile phone at (845) 325-8680 if you need an advice or help about long term care planning. You will never regret your time spent planning for these “what ifs” that will likely occur to many of us.