Long-Term Care

Think It Will Never Happen to You? Think Again!

Free Long-Term Care Evaluation and Quotations

The sad truth is that every day retirees who thought they had enough money to live in comfort become destitute from paying the cost of long-term care from out of their assets.

While the need for long-term care can arise at any age, the statistics for those at or close to retirement are particularly disturbing.

• Of all long-term care patients:
• 3% are under age 18,
• 40% are between the age 18 and 64, and
• 57% are over age 65.
• Of all Americans over age 65, 50% will enter a nursing home at some point.
• Today, with most women working outside the home, children are often not available to act as caregivers to their parents.

Long-term care can be very expensive.

• On a national average, one year in a nursing home can cost about $50,000. And that cost is growing at around 5.8% per year, almost twice the rate of inflation.
• Home health care can cost $12,000 per year or more. If this care includes physical therapists or registered nurses, the cost can escalate dramatically.
• While the average nursing home stay is 2.4 years, stays of 5 years or more are common.
• The average cost for a nursing home stay today is $125,000. By the time today's 50-year-old is 80, that cost will likely be around $235,000 a year.

There are three ways to pay for long-term care.

• Go on Medicaid, and let the taxpayer cover the cost;
• Deplete one's own hard-earned assets, or
• As millions of wise Americans have chosen, buy long-term care insurance and let the insurer pay.

Are you prepared to meet the costs of long term care? Find out now!

Financial Sources, Inc., will provide you with a free evaluation of your long-term care strategy, and, if long-term care insurance is a necessary part of your plan, we will provide you with a quotation.

Simply fill in the information on our online form or call us at 1-800-450-0629.

Financial Sources, Inc., monitors the plans and prices of most companies writing long term care insurance in Pennsylvania and New Jersey. Our goal is to provide our clients with the best plans from the strongest companies, at competitive cost.