Who should buy long-term care insurance?

The question on WHO should buy Long Term Care Insurance is a simple one. If you have some assets to protect, like your 401k, IRA's, your home, etc. than the answer is yes. Long Term Care Insurance has become an important part of your retirement planning. Health insurance and Medicare won't pay for a majority of these costs.

The US Department of Health and Human Services says if you reach the age of 65 you will have a 70% chance of needing some Long Term Health Care service in your lifetime. That is a big risk!

Most people I speak with are in their 40's and 50's ...planning early when you are young and healthy makes premiums VERY affordable.

Read this article from KFOR-TV: http://kfor.com/2015/03/19/who-should-buy-long-term-care-insurance/

If you want to learn more about affordable Long Term Health Care Planning go to: http://mccannltc.net/

If you want free quotes you can go to: http://mccannltc.net/free-quote/

Fidelity suggests making affordable Long Term Care Insurance part of your retirement plan.

 Fidelity suggests making affordable Long Term Care Insurance part of your retirement plan.

Fidelity Investments is an American multinational financial services corporation. It is one of the largest mutual fund and financial services groups in the world. Founded in 1946, the company has since served North American investors. They understand and help people plan for heir future retirements. They also understand the risks that are involved that could impact your success retirement.

One of the biggest involuntary risks we all face is the risk of Long Term Health Care. When you look at other risks (something happening to your home, car, etc.) they are very small risks. But the advances in medical science are allowing us to live longer than ever before. If you don't die ... you live and get older. If you don't recover from an accident or illness ... but you don't die, you become a Long Term Care statistic. That means it costs you money since health insurance and Medicare won't pay for a majority of these costs.

Quoting from the article:

 

 

"According to Fidelity’s annual retiree health care costs estimate, the average 65-year-old couple retiring in 2014 will need an estimated $220,000 to cover health care costs during their retirement, and that is just using average life expectancy data.¹ Many people will live longer and have higher costs. And that cost doesn’t include long term care (LTC) expenses.

 

According to the U.S. Department of Health and Human Services, about 70% of those age 65 and older will require some type of LTC services—either at home, in adult day care, in an assisted living facility, or in a traditional nursing home. The average private-pay cost of a nursing home is about $90,000 per year according to MetLife, and exceeds $100,000 in some states. Assisted living facilities average $3,477 per month. Hourly home care agency rates average $46 for a Medicare-certified home health aide and $19 for a licensed non-Medicare-certified home health aide."

 

 

see the full article by clicking here.

 

 

Planning for the physical, emotional and financial burdens Long Term Health Care can have on loved ones is key to protecting your 401k's, IRA's and other assets. This is not even mentioning the emotional and physical burdens on your family that go along with this risk.

 

Do you really think it won't happen to you? People need Long Term Health Care due to illness, accidents and the impact of aging. You do understand we live longer now than ever before.  

 

 

So if you are living longer than you need you understand that there is a very good chance you will need help with your activities of daily living or require supervision due to memory loss.

 

The famous TV doctor, Dr. Oz, has a quote which sums it up very nice:

 

 

 

Other then denial of the risk the other objection some people have is Long Term Care Insurance is too expensive. This is just not true. Long Term Care Insurance is VERY affordable. A married 53 year-old male can get a solid partnership plan for as little as $74 a month or less depending on health and benefits applied for. A Long Term Care Specialist, like myself, can help you design an affordable plan which fits your situation and shop for the best value from all the top companies, not just one or two.

 

Then you have the power of the partnership program.  Many states have partnership programs available which provide dollar for dollar asset protection if you have a qualified policy. The Long-Term Care Partnership Program is a collaboration between state government and insurance companies. Under this partnership, applicants who purchase qualifying long-term care insurance policies can access Medicaid coverage while retaining assets they would normally be required to spend on their long-term care. This is referred to as dollar for dollar asset protection. This is a huge benefit to make sure you don't lose everything in a catastrophic Long Term Care event. 

 

So how and when do you start planning? The when is now. Most of the people that start planning are in their 40's and 50's and do so as part of their retirement planning. Premiums are based in large part by your AGE and HEALTH and stay at that rating forever. The American Association for Long Term Care Insurance (www.aaltci.org) suggests you work with a specialist that has at least 500 active clients in Long Term Care and who works with the top companies. In my situation, I have over 2100 clients in Long Term Care, work with all the top companies and I am endorsed by the American Association for Long Term Care Insurance. Few people in the country have my level of experience.

 

You can start your education by going to my website at: http://mccannltc.net/. You can also get quotes from all the top companies by filling out the form at: http://mccannltc.net/free-quote/

 

You can also watch the YouTube video of my radio commercial: https://www.youtube.com/watch?v=-CIjudbGd4U

 

Start today. I meet with people from all over the country on the telephone and by using safe screen sharing technology where you get to see my computer screen. Call and make an appointment or ask a question: 866-751-7957 or email: matt@mccannltc.net

 

 

 

#longtermcare

 

 

 

 

 

 

 







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Long Term Care Insurance Claims Over $7.5 Billion in 2014 According to Report

Total long term care insurance benefit payments increased by five percent from $7.5 Billion paid the prior year according to a report published by the American Association for Long Term Care Insurance, a national trade group.

 

Feb 24, 2015 … The American Association for Long Term Care Insurance (AALTCI) announced in press reports today that the nation’s Long Term Care Insurance companies paid a record $7.85 billion in claim benefits in 2014 according to a just-released report.

 

“Total Long Term Care insurance benefit payments increased by five percent from $7.5 Billion paid the prior year,” reports Jesse Slome, director of the AALTCI, the national trade group. The organization reported that insurers paid $6.6 billion in 2012.

“More and more people have Long Term Care Insurance policies and more people are using the benefits from these plans. Long Term Care Insurance has become an important way for people to protect their retirements and these numbers show this fact. This is why affordable Long Term Care Insurance has become an important part of a family’s retirement plan, “said Matt McCann, a nationally recognized specialist in Long Term Health Care.

“Americans are living longer and the consequence is more people needing Long Term Care,” Slome explains. “Contrary to what most people think, the vast majority of Long Term Care insurance pays for care in the home or in assisted living communities, not in skilled nursing homes,” Slome said
Slome added that according to AALTCI research, half of all newly opened Long Term Care insurance claims paid for care in the home.

“Consider Long Term Care as nursing home avoidance protection,” Slome said.
McCann says these numbers reflect the need to have a plan which addresses the physical, emotional and financial burdens Long Term Health Care places on loved ones. He notes that some people think health insurance or Medicare (which is health insurance for those 65 and older) will pay for this type of care. McCann notes that this is not the case.

“Today’s adult, who is trying to save money for their own retirement in their 401k’s and IRA’s, is seeing how their older parents are being impacted by the expenses of Long Term Care. Generally, health insurance and Medicare pay only a handful of days of skilled care. Most Long Term Health Care is custodial in nature, not skilled. This means a majority of the cost comes out-of-pocket unless you have a Long Term Care insurance policy,” McCann explained.

“People underestimate life expectancy,” Slome declares, “Few adults in their 50s or 60s are prepared for the financial consequences of their longevity. Longevity planning is especially important today for both married couples as well as single men and women.”

“You really can’t start your retirement savings plan at age 60 and you can’t start your long-term care planning after age 70 because you won’t have as many options,” Slome advises.

He points out that insurance companies today will take a close look at your health history prior to offering you coverage.

“The guarantee of insurance that we hear about with health care coverage (“Obamacare”) does not pertain to Long Term Care insurance,” Slome points out.

McCann suggests planning should happen well before you are age 65.

“Most of the people I speak with are 45 to 65 years-old. They discover that Long Term Care Insurance is very affordable especially if they work with a true specialist who understands how these plans work and get used at the time of claim.  This is part of their retirement plan so they can protect their 401k’s, IRA’s and other assets, “McCann said.

McCann notes the US Department of Health and Human Services says that if you reach the age of 65 you will have a 70% chance of requiring some form of Long Term Health Care before you pass.
Consumers can research available options by going to the AALTCI website at www.aaltci.org or McCann’s website at http://www.mccannltc.net

Matt McCann is recognized as a leading Long Term Health Care (LTC) specialist. Since 1998, Matt has been a national leader in finding solutions for the physical, emotional and financial burdens LTC places on American Families. He has been recognized by the American Association for Long Term Care Insurance as one of the top specialists in the country.

 

 

Jim Nantz’s best call? Finding his calling as a voice for Alzheimer’s and Long Term Care



CBS Sport’s Jim Nantz talks about being an advocate for those families dealing with a loved one with Alzheimer’s in support of the national “Let’s Talk” campaign. This campaign promotes the idea of needing to discuss the need for planning for Long Term Health Care which will impact 70% of us who reach the age of 65. Planning becomes an important part of your future retirement plan. Long Term Care Insurance is an affordable way to address the physical, emotional and financial burdens Long Term Health Care has on loved ones.

Click here to see the article.

Many people want to protect their 401k’s and IRA’s and be sure they have enough money for a comfortable retirement. Knowing the costs for Long Term Health Care are usually not included in retirement savings, having an affordable way to address this issue makes sense.

Affordable Long Term Care Insurance can provide asset protect and in most states dollar for dollar asset protection for your estate. This way you can have peace-of-mind knowing you will never be a burden to a spouse or children or other loved ones. Learn more about how affordable Long Term Care Insurance can be … contact me now.

Matt McCann – toll free – 866-751-7957 or email – matt@mccannltc.net.

If you want to get free quotes from all the top companies just click here.

You can learn more here in a very good education section about Long Term Health Care Planning. The website is www.McCannLTC.com.

#longtermcare   #letstalk   #JimNantz   #alzheimers

Radio Commercial and YouTube Video For RadioLTC

A new radio commercial is hitting the Chicago market for http://radioltc.com/. I put the audio to video in a raw YouTube Video … check it out, still learning this stuff.

Click here to see the YouTube of the radio commercial.

The http://www.radioltc.com website is a quick way to get free quotes on affordable Long Term Care Insurance from all the top insurance companies. If you wish to learn more about the topic, I would suggest going to the main website, http://mccannltc.net/.

Affordable Long Term Care Insurance is an affordable way to plan for the burdens that impact loved ones when an extended Long Term Health Care event happens. These can happen at any age. People require extended Long Term Health Care due to illness, accident or the impact of aging. Since health insurance and Medicare (which is health insurance for those 65 and older) do not pay for a majority of Long Term Care services, you need to protect your assets with affordable Long Term Care Insurance.

This has become an important part of retirement planning. Learn more today. Read about McCann Insurance Services in the Chicago Tribune by clicking here.

Guest on Upcoming radio program in Chicago

On Sunday, April 12, 2015 I look forward to being a guest on Aging Info Radio, a program hosted by Sue Billings Zawacki on Chicago’s AM560 The Answer. Aging Info Radio host Sue Billings Zawacki has worked in the aging and elder care industry for 17 years.

Sue’s direct contact with those preparing for retirement as well as seniors and families through her work in the insurance industry focusing on long term care and Medicare policies made her aware of the issues that adult children of aging parents face when trying to find the right resources to assist their aging loved ones.

Her passion to help family caregivers moved her to connect with an organization that published a resource guide for seniors. Her initiative launched and managed the Chicagoland publication providing over 1 million copies to a six county area.

Sue’s work on the board of several senior service provider associations assisted her in understanding the need for resources to help families caring for an aging loved one or who may be concerned about their own aging journey.

She has felt for over a decade there is a growing need for education and resources in the aging and elder care industry.  As Sue says, demographically we are on the forefront of a silver tsunami.
Sue is the founder and show host. In January 2012 Aging Info Radio started broadcasting Saturday mornings at 6am on AM 560 The Answer, formerly known as AM 560 WIND.  As of June  2013 Aging Info Radio moved out of the sleepy hour of 6am to Sunday mornings at 9am on AM 560. The coverage area for AM 560 is all of Chicagoland, southern Wisconsin, N.W. Indiana and S.W. Michigan with the potential to reach nearly half a million listeners and millions more by the way of http://www.560TheAnswer.com and AgingInfoRadio.com where the show streams live.

Sue is passionate about keeping others moving forward while connecting them to help one another with resources and education.

As a leading expert on Long Term Health Care and the ways to affordably plan for the physical, emotional and financial burdens Long Term Health Care can have on loved ones, I look forward to sharing my thoughts and experience with listeners throughout the Chicago area and throughout the country on the web.

If you have questions to wish addressed on this program just email them to me at: matt@mccannltc.net.

As always, you can educate yourself on my website: www.mccannltc.net

Here is Sue, host of Aging Info Radio on AM560, The Answer. Visit her website at: http://aginginforadio.com/