It’s sad but true: by the time most people realize they wish they had a long term care insurance policy, they are too sick or old to buy one.
So, in an effort to mitigate the crushing financial toll long term care will have with no planning, many of them end up doing short-term planning– let’s call it crisis planning. Crisis planning isn’t about optimal strategies. It’s all about limiting the financial destruction and trying to make up for the fact that no real plan for how to pay for care is in place.
Getting long term care planning done well in advance of when you actually need it stacks the deck in your favor. That’s why people in their 40’s-60’s are benefiting themselves by visiting the topic of long term care planning decades in advance of their 80’s, when they are most likely to have a claim.
Modern consumers have greatly benefited from the ability to comparison shop and order from virtually any purveyor. This reality has even started to infiltrate the healthcare market.
However, long term care decisions for yourself or a loved one tend to be more difficult and cannot necessarily be made at the touch of a button through technology like Siri and Alexa. Whether the search is for a home health care worker, or, a facility such as an assisted living facility or nursing home, the choice is often a complex and nuanced one.
My husband and I found ourselves in early November without health insurance for 2018. We contacted Melissa and within a couple of days she set up a phone interview and spoke with us almost two hours answering our questions and explaining our options. She then followed up a week later and helped to sign us up for health benefits. She was extremely knowledgable and if she did not know the answer she researched it and got back to us.
I recently retired and so my husband and I needed all new medical, prescription and dental insurance. Melissa Barnickel at Baygroup Insurance was recommended to me by a friend. I had looked at different insurance plans myself, and it was just overwhelming!
Genworth has released its 2017 cost of care findings.
The national median hourly rate for homemaker services rings in at $21/hour. Meanwhile, the national median hourly rate for home health aide services is $22/hour. The median for adult day care is $70/day. While assisted living facilities will cost you $3,750/month. Lastly, nursing care for a private room will run a median average of $267/day, while a semi-private room is a daily rate of $235.
More information can be found at the following link:
Dear Melissa, Our time on the phone with you was the most valuable phone conversation we’ve ever had. It is amazing that anyone could have the knowledgeyou have on Long Term Care. We cannot thank you enough and will tell everyone we know about your expertise! Thank you so very much! Jack E and R.E, Grasonville, Queen Anne’s County, MD
However, long term care decisions for yourself or a loved one tend to be more difficult and cannot necessarily be made at the touch of a button through technology like Siri and Alexa. Whether the search is for a home health care worker, or, a facility such as an assisted living facility or nursing home, the choice is often a complex and nuanced one.
November is long term care awareness month. Even though long term care is often discussed in the news, it is frequently confused with healthcare.
