• Have you had the experience of a family member or friend having to go into a nursing home?
• Have you seen your own parents needing skilled nursing in their home in order to perform daily activities?
• If so, you know that not only is this an emotional experience, but it is also very costly. Long term care insurance can be your solution.

Are You Near Retirement?

You may be asking yourself, what is the best age to buy long-term care insurance? There is no magical age, but if you are near retirement or currently in retirement you should own a long-term care policy. Having a policy will provide you protection for the assets you have accumulated over your lifetime. It will also give you peace of mind knowing that someone will be there to take care of you, even if you don’t have a spouse or family around to help out.

Taking Responsbility

Health insurance is not going to pay for long term care expenses either. Unless you can self insure with significant personal assets, the best way to pay for this is through private long-term care insurance.

Where to start?

You should start building a relationship now with a trusted insurance agent. Let Matt Elwood and the experienced team at Elwood Benefits can help you navigate this confusing and often stressful topic.

Baby Boomers

With the Baby Boomers already entering retirement, the cost of long-term care insurance is on the rise. So who pays for the cost of this care? Medicare only pays for a limited time period and Medicaid is a welfare program designed for the poor.

Your Parents

People are living longer today than ever before and with that, the chances of needing long-term care increases. You may be in a situation where you are paying for your parent’s long-term care insurance while also considering it for yourself.