{"id":189,"date":"2018-12-19T10:52:30","date_gmt":"2018-12-19T18:52:30","guid":{"rendered":"https:\/\/gpswp.com\/wealthfinancialgroupwest\/?page_id=189"},"modified":"2019-06-17T09:14:02","modified_gmt":"2019-06-17T16:14:02","slug":"long-term-care-insurance","status":"publish","type":"page","link":"https:\/\/gpswp.com\/wealthfinancialgroupwest\/services\/long-term-care-insurance\/","title":{"rendered":"Long Term Care Insurance"},"content":{"rendered":"<p>Long Term Care Insurance, also known as \u201cLTCI\u201d is an important financial topic to be knowledgeable about. LTCi provides coverage for people who need help with their activities of daily living for an extended time. This can be due to chronic illness, various disabilities or other conditions.<\/p>\n<p>One of the scariest statistics that showcases why LTC is important is the cost of care. Home healthcare or nursing homes can be very expensive. On average,\u00a0nursing home care (with a private room) costs an individual $92,376 each and every single year<sup>1<\/sup>. Does your retirement plan account for this large number? And twice that amount for a married couple?<\/p>\n<p>Consider that you must exhaust all of your financial means before Medicaid will pay for long-term care. And neither your group insurance nor major medical insurance will cover long-term care expenses. This is why there are many examples of family\u2019s finances being devastated by the unplanned costs of long term care expenses.<\/p>\n<h3>Long Term Care Insurance Details:<\/h3>\n<ul>\n<li>Plan ahead! The earlier you purchase LTC insurance, the lower the overall costs will be<\/li>\n<li>There are a range of LTC products, all that have different pros and cons<\/li>\n<li>Some new hybrid LTC products can ensure that, if you don\u2019t use the LTC benefits, you don\u2019t lose the money or premiums you\u2019ve put into the product<\/li>\n<li>Insurance can cover a range of care services. Home care, assisted living or traditional nursing homes are all options<\/li>\n<li>As with many types of insurance, you may pay premiums for years and never use the coverage<\/li>\n<li>Premiums can be expensive, and some policies may experience an increase in premiums over time<\/li>\n<li>Some policies have a waiting period before they pay benefits for LTC costs<\/li>\n<\/ul>\n<p>Don\u2019t get caught surprised by the high costs of long term care expenses. We can help evaluate your situation and determine if purchasing a long-term care insurance policy or hybrid LTC product is the right move to insure your future.<\/p>\n<p><strong>1<\/strong> <a href=\"https:\/\/longtermcare.acl.gov\/costs-how-to-pay\/costs-of-care.html\" rel=\"noopener\" target=\"_blank\">https:\/\/longtermcare.acl.gov\/costs-how-to-pay\/costs-of-care.html<\/a><\/p>\n<hr>\n<h2>Get Your Risk Score<\/h2>\n<p><a class=\"btn btn-default btn-primary\" href=\"https:\/\/wfgwestcomra.com\" target=\"_blank\" rel=\"noopener\">Get Started<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Long Term Care Insurance, also known as \u201cLTCI\u201d is an important financial topic to be knowledgeable about. LTCi provides coverage for people who need help with their activities of daily living for an extended time. This can be due to chronic illness, various disabilities or other conditions. One of the scariest statistics that showcases why [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":597,"parent":202,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Long Term Care Insurance - Wealth Financial Group West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gpswp.com\/wealthfinancialgroupwest\/services\/long-term-care-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long Term Care Insurance - Wealth Financial Group West\" \/>\n<meta property=\"og:description\" content=\"Long Term Care Insurance, also known as \u201cLTCI\u201d is an important financial topic to be knowledgeable about. 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