We all want the best care, and choice of care, for our loved ones and ourselves. How will you pay for Long-Term Care expenses in retirement? Do you plan to pay as needed? The cost of a long-term care facility or home health care can be extremely expensive. Self‐pay individuals often find themselves spending assets and income until the point when they become qualified for Government Welfare Benefits. Even so, that can cause strain and financial burden on a surviving spouse or family members. The fiduciary limitations can be hard to understand without the help of an attorney specializing in Elder Law, which again, can be expensive. Empowering yourself with a Long-Term Care policy can help ease the financial burden of care as we age.

IMG's Senior Benefits Specialist, Mallie Grider, can help you elect which type of Long-Term Care could be best for you. It’s important to become educated about what one can expect to pay for suitable care as we mature in life. Arranging an appointment in our office can help you learn what to expect for pricing for extended care at home, adult day health care, assisted living, or nursing home private room care.

Long-Term Care Options

1) Self-Pay:
  1. Spend own income and assets, until gone
  2. Apply for Government Assistance- Medicaid
2) Traditional Long-Term Care Insurance:
  1. Indiana Partnership Policy
  2. Non-Partnership Policy
3) Leverage of a Current Asset:
  1. Single Premium Life Insurance Policy with LTC Benefits
4) Life Insurance with Long-Term Care Benefits:
  1. Whole Life with a Long-Term Care rider
  2. Universal Life with a Long-Term Care rider
  3. Term Life with Living Benefits