Long Term Care Insurance Easy & Affordable

The consequences of an extended Long Term Health Care event will have a big impact on a family’s future retirement income, and assets as well as cause burdens on family members. That is the message Matt McCann delivered in a recent speech in Pittsburgh.

McCann, a nationally known expert on Long Term Care Planning and President of McCann Insurance Services, said more people than ever are looking at ways to safeguard their future retirement income from the financial costs and burdens of Long Term Health Care.

Matt at Hyatt DC (2)“Some people feel frustrated on how to find the right plan and design it correctly but planning is very easy when you know where to go to get the help,” McCann told the group.

He said the right expert can guide you with recommendations based on your individual situation. These LTC costs can have a dramatic impact on a person’s 401(k), 403(b), IRA and other assets. Long Term Care Insurance is an affordable way to protect a family’s assets and ease the burden on loved ones.

“Unfortunately not many insurance agents or financial advisors understand how these plans work or how they are underwritten. They just do not have the experience,” McCann said.

His firm assists people throughout the country find the right plan. Consumers go to his website, www.mccannltc.net, learn options and request recommendations and quotes from all the top companies in the LTC industry. Speaking on the phone as the consumer views McCann’s computer screen from the comfort of their home or office, they can learn about the products and designs, the many tax incentives available and how the federal/state partnership programs can address the financial costs and burdens of aging.

“My philosophy is to make a catastrophic situation manageable so you can address the physical, emotional and financial burdens that LTC places on the American family. Most people I speak with are in their 40’s and 50’s and want to add affordable LTC insurance as part of their retirement plan,” McCann noted.

He says a good plan will also allow adult children to be loving and supporting and not start fighting about who is doing what and how much money is being spent.

He noted that most plans include provide discounts and case management which make it easier on family members.

“Affordable Long Term Care Insurance will not only ease the burdens that an extended LTC event will have on your spouse and adult children and their families but protect your lifestyle and that of your spouse by protecting your future retirement income from the high cost of extended care,” McCann said.

The financial costs and burdens of aging need to be consider as part of an overall retirement plan. He notes many people are surprised how easy and affordable LTC insurance can be.

You can Visit Matt McCann’s website for information on LTC Planning including quotes and personal consultations: http://mccannltc.net/.

McCann also uses a number of other websites as outstanding resources:

LTC Planning News is an outstanding resource that has articles, links, and videos on LTC Planning: http://longtermcareplanningnews.com/.

The US Department of Health & Human Services LTC site: http://longtermcare.gov/.

The American Association for Long Term Care Insurance (AALTCI): http://www.aaltci.org/.

“Don’t just let things happen and place the burden of caregiving on your spouse or adult children. LTC insurance is affordable and easy,” McCann said.

You can call McCann’s office at 866-751-7957. His email is: matt@mccannltc.net

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

Market Drop Can Impact Ability to Self-Insure LTC Costs

Stock Market Drop pic Depositphotos_94866190_m-2015If you have a 401(k), 403(b) an IRA or just a personal investment account you noticed the impact of Britain’s vote to leave the EU. The Brexit has caused world markets to drop, at least for now.

As you know, your hard earned savings tend to not only increase in value but, from time to time, they drop in value and sometimes that drop makes your stomach hurt.

While over time your investments do recover these sudden drops in market value can impact those who plan on self-insuring the costs of Long Term Health Care. If your need for care happens at a time of a market crash you will be forced to sell your investments at a loss but your loss could still be a taxable gain. Not only are you locking in your loss but you still are using your own money and forcing your loved ones to deal the financial costs and burdens of aging. 

Affordable Long Term Care Insurance gives you the peace-of-mind knowing that money for quality caregivers will always be there so you are not forced to ‘sell at a loss’ and use your own money … impacting lifestyle and creating a burden on your family.

Some people don’t like to pay for insurance premiums. They think they can self-insure and use their own money. Many times this is because they think a Long Term Care event will not happen. People require Long Term Health Care due to illnesses, accidents and the impact of aging. As the advances in medical science continue to allow us to live longer and survive these events the amount of people who require help with ‘activities of daily living’ or require supervision due to memory issues increase.

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 LTC service before you pass. The financial costs and burdens of aging is real and the physical, emotional and financial burdens that LTC places on family is something you need to plan for ahead of time.

Affordable Long Term Care Insurance can provide not only money (which grows every year at a set rate) but case management, provider discounts and other services to make aging issues much easier on loved ones.

If you get a plan in place when you are younger the premiums are even more affordable. The policies can never be canceled as long as you pay premiums. Premiums are intended to remain level and a number of companies have never raised premiums although it could happen but only for a class of people as approved by your state department of insurance.

Plus, most states have partnership plans which provide additional dollar-for-dollar asset protection if you have a partnership LTC policy in place.

Find out now how easy it is to make LTC insurance part of your future retirement plan.

Get your free quotes and learn your options. For FREE QUOTES: www.quoteonltc.com

Visit the Matt McCann website for information on LTC Planning: http://mccannltc.net/

LTC Planning News is an outstanding resource I use for articles, links, videos and more on LTC Planning: http://longtermcareplanningnews.com/

The US Department of Health & Human Services LTC site: http://longtermcare.gov/

The American Association for Long Term Care Insurance (AALTCI): www.aaltci.org

Don’t just let things happen and place the burden of caregiving on your spouse or adult children. That doesn’t work. Nor should you risk your hard earned assets. LTC insurance is affordable and easy … let me help you discover how easy it can be!

http://mccannltc.net/

 

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, tax, Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Father’s Day … Time to Talk LTC

andy-griffith-show-season-1-32-bringing-up-opieWhen you think of TV Dad’s most of us remember Sheriff Andy Taylor. I don’t think Opie was discussing with Andy the need for Long Term Care planning but that doesn’t mean that conversation should not happen with your family.

If your Dad is very old the discussion may be different. But if Dad is 40-70 there is time to safeguard retirement savings from the high costs of Long Term Health Care. Sure, Dad might say, “It won’t happen to me”. Maybe he would say, “Just shoot me if I ever get that way”. Perhaps he will tell you how healthy he is and not to worry.

It has nothing to do with worry. You don’t start planning for retirement when you are 60. You plan ahead, contribute money in your 401(k), 403(b) and IRA. You hope by planning and doing the right thing you will have enough money to enjoy retirement. So why do many Dad’s ignore LTC?

Maybe they think Mom will take care of him. Really. Just fast forward. Do you really think a much older Mom would be able to be a good caregiver and not impact her health or your Dad’s health?

This type of burden doesn’t work well for anyone. First, let’s talk the first objection that it won’t happen. The advances in medical science allow all of us to live longer. Things that used to kill us no longer do. The fact is the US Department of Health and Human Services says if you reach the age of 65 you have a 75% chance of needing some type of LTC service. The question is less an IF and more a WHEN and HOW LONG. Dad is not superman.

The second objection … “Just Shoot Me”. There are many versions of this conversation and they are all bunk. Two things to keep in mind. First, just because you need extended health care doesn’t mean you will not have a life. Sure, some people have memory loss or are very disabled. However there are many other things that cause extended care that will still allow you to enjoy a life and be involved with loved ones. Second, do you really want a loved one to have to deal with even the request of ‘knocking you off’? Nope, that is not an answer.

Mom, or any family member, being a full time caregiver only creates hardship on the caregiver. Being a caregiver is hard. Being a good caregiver is even harder. Being a family caregiver is tougher because of emotion. The physical,  emotional and financial burdens that come with being a caregiver is a huge burden. Not a very good plan.

The financial costs and burdens of aging will have an impact on your loved ones. Affordable Long Term Care Insurance will address these concerns, protect assets and leave family to be family.

So if you are ‘Dad” or “Son”, maybe both … the spouse the adult child … it doesn’t matter. The conversation should take place. The answer is so easy and affordable.

You are not too young … and hopefully you are not too old to plan for LTC. If you have money in your 401K or IRA and have people you love then the time to have the conversation is now.

Get your free quotes and learn your options. For FREE QUOTES: www.quoteonltc.com

Visit the Matt McCann website for information on LTC Planning: http://mccannltc.net/

LTC Planning News is an outstanding resource I use for articles, links, videos and more on LTC Planning: http://longtermcareplanningnews.com/

The US Department of Health & Human Services LTC site: http://longtermcare.gov/

The American Association for Long Term Care Insurance (AALTCI): www.aaltci.org

Don’t just let things happen and place the burden of caregiving on your spouse or adult children. That doesn’t work. Nor should you risk your hard earned assets. LTC insurance is affordable and easy … let me help you discover how easy it can be!

http://mccannltc.net/

 

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Who Pays for Long Term Care? You Do … Unless …

Who WIll Pay for LTC Info Graph

If you are like many people you may have thought your health insurance or Medicare (for those 65 and older) would pay for extended Long Term Health Care. “No worries” you say. Generally most people think this UNLESS they have a personal experience, parent or grandparent, aunt or uncle, maybe a co-worker or neighbor. Then you discover the financial costs and burdens of aging. Wait, many people are not “old” when they need care. You’re right. People need Long Term Health Care due to illnesses, accidents and the impact of aging. People require extended care at all ages. Take a look:

44% of people who need LTC are under age 65

How would a Long Term Health Care situation impact your savings? Your family? Your future? How would spending down retirement savings impact the lifestyle of your spouse? How would that impact your adult children … your grandchildren?

Affordable Long Term Care Insurance will provide the resources so you can take this catastrophic situation and make it manageable. Premiums are affordable. Premiums can be in some situations tax deductible. If you have a Health Savings Account (HSA) you can pay premiums from there using pre-tax dollars. Proceeds from a policy are always tax-free. Most states have LTC Partnership policies available to you. These plans provide dollar-for-dollar asset protection.

Yes, premiums are very affordable, especially if you are in good health.

When do you plan? If you are saving money for retirement and contributing to your 401(k) at work, or a personal IRA or SEP or 403(b) you should be safeguarding your accounts. While best time is in your 40’s and 50’s, plans are available and affordable at most ages.

If you are married or have a partner ask me about shared care policies as well. The time to act is now … you can’t wait until you need care. At that point it is too late.

Get your free quotes and learn your options. For FREE QUOTES: www.quoteonltc.com

Visit the Matt McCann website for information on LTC Planning: http://mccannltc.net/

LTC Planning News is an outstanding resource I use for articles, links, videos and more on LTC Planning: http://longtermcareplanningnews.com/

The US Department of Health & Human Services LTC site: http://longtermcare.gov/

The American Association for Long Term Care Insurance (AALTCI): www.aaltci.org

Don’t just let things happen and place the burden of caregiving on your spouse or adult children. That doesn’t work. Nor should you risk your hard earned assets. LTC insurance is affordable and easy … let me help you discover how easy it can be!

http://mccannltc.net/

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, tax, Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment

Will Your Retirement Savings Go to the Dogs?

JP sitting outside (002)I’m told in the internet world you can get attention with pets, especially dogs. So there you are, here is one of my dogs. His name is “JP”. While we love our dogs the idiom “going to the dogs” means, ” to become worse in quality or character;  becoming less successful than it was in the past”.

So as we all work hard and save money for our future retirement the last thing we want is our IRA, 401(k)’s and other assets to “go to the dogs”.

How do your assets ‘go to the dogs’? The biggest risk we face, involuntary risks, is the risk of needing Long Term Health Care. This is help with activities of daily living (bathing, easting dressing, etc.) or supervision due to memory problems. Some people will also require extended skilled care services as well.

Many people think health insurance or Medicare will pay for extended Long Term Health Care. This article addresses this problem: http://longtermcareplanningnews.com/articles/americans-mistakenly-think-medicare-will-cover-ltc-needs.

The fact is health insurance, Medicare and any supplement to Medicare will not pay for these costs except for a limited amount of skilled care. This means the vast majority of LTC costs will come out of our savings. This will have a dramatic impact on our lifestyle creating a huge burden on those we love.

Medicaid will pay for these costs but only if you are poor or become poor in a ‘spend-down’ of savings. In most states a person must spend-down to $2000. States allow a spouse to keep an amount that varies from $22,000 in Kentucky to $119,200 in states like Illinois, Colorado, Maine and Georgia. Many states are between. The point is … unless you plan ahead you pay for your own care or your family become the caregivers.

The financial costs and burdens of aging should be something you include in your retirement plan. This way you can safeguard your estate (IRA, 401(k)) and other assets from these high costs. Plus, you will make sure you get quality caregivers in the setting you desire (at home, assisted living, etc.). This allows family to be family.

Affordable Long Term Care Insurance can address these concerns. Most states have partnership plans which provide additional dollar-for-dollar asset protection.

Learn how easy it is to plan: www.mccannltc.net

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment

Flashback: 1980

BLUEs brothers posterRemember June 1980? “Funkytown” by Lipps Inc. was top of the charts, followed “Coming Up” by Paul McCartney, “Biggest Part of Me” by Ambrosia, “The Rose” by Bette Midler and Bob Seger’s “Against the Wind” rounded out the top 5.

June 1, 1980 CNN had their first broadcast on cable TV. The Blues Brothers hit the movie theaters. On June 9, 1980 comedian Richard Pryor attempted to commit suicide by dousing himself with rum and setting it ablaze during a cocaine binge. On June 27, 1980 June 27 – Jerry Reuss of the Los Angeles Dodgers no-hits the San Francisco Giants 8–0 at Candlestick Park.

What were you doing in June 1980? If you remember these things then safeguarding your future retirement savings (401(k), IRA, etc.) should be part of your retirement plan. The financial costs and burdens of aging should be a major consideration.

The high cost of Long Term Health Care will impact everything you work hard for not to mention the burden it places on those you love. Affordable Long Term Care Insurance will address these concerns giving you the peace-of-mind we all seek. Discover how easy it is to protect your future.

Affordable  Long Term Care Insurance will also provide you with the resources to provide you with quality caregivers so that burden will not be placed on your family.

Learn more now: www.mccannltc.net

 

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, Uncategorized | Tagged , , , , , , , , , , | Leave a comment

So, Do You Really Think You Will Never Require Long Term Health Care?

70% will need LTC meme

So you say you will never require Long Term Health Care. Really? Maybe you think you are healthy. You eat right. You get exercise. You go to the doctor for check-ups. You keep your weight in check. You say your family never needed care when they were older. You do everything right! OK … guess again.
Fact … We all live longer and survive health events and accidents more than ever before. The financial costs and burdens of aging can have a dramatic impact on our future retirement. If you make it to age 65 you will have a 70% chance of needing some type of care before you pass. It is not IF you will need care but WHEN and HOW LONG.
You want to avoid running out of money when you retire. The biggest risk to your retirement assets is Long Term Care expenses. Did you know your health insurance and once you are 65 … Medicare … won’t pay the vast majority of extended care? This means YOU WILL unless you plan now.
Affordable Long Term Care Insurance will protect your assets and make it easier on family. Learn more: www.mccannltc.net
McCann insurance banner ad 4.10.15

 

Posted in aging, boomers, caregivers, long term care, LTC, Matt McCann, partnership, retirement, stroke, tax, Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment