Long-Term Care Awareness Month: All You Need to Know

November is LTC Awareness Month. As the holidays get closer, the opportunity to have conversations with loved ones about what we would want to happen if and when an extended care event is upon us, and the best ways to provide financially for those goals, often comes up.

Bob Vandy and Brian Johnson from Advisors Insurance Brokers bring you up to speed on the latest developments in insurance products designed to shift the financial risk of such events to someone else. Do you have any of these questions in your mind?

• What are the chances I may face a Long-Term, extended or chronic care event?

• What is the most cost effective way for me to pay for LTC/chronic or extended care costs, if/when they arise?

• What are some of the health conditions that might (or might not) prevent me from obtaining LTC Insurance coverage?

• What are some of the biggest misconceptions about LTC Insurance coverage?

• I’m concerned about paying premiums for LTC Insurance coverage and not getting anything back if I don’t use it; are there options for that?

• I heard rates for LTC Insurance coverage have gone up, and are going to keep going up, is that true?

• Isn’t a Medicaid Trust the best way to pay for LTC costs?