Age and Health Changes Make Long-Term Care Planning Difficult

When you are in your 40s or 50s, you don’t generally think about the health changes that occur with aging.

It is hard for many people to visualize themselves getting older and in need of long-term care. Changes in health can happen at a moment’s notice.

“Recently, a couple contacted me after the husband was diagnosed with dementia at age 62. They were very upset that he could not purchase Long-Term Care Insurance. When I asked them why they didn’t consider Long-Term Care Insurance in their 50s, they answered ‘because we were healthy then’. That was the best time to start planning,” said Matt McCann, a nationally known expert on long-term care planning and an LTC insurance specialist.

Some financial professionals suggest waiting until the age of 60 to apply for Long-Term Care Insurance. McCann warns that many people are already ineligible for coverage due to health issues.

“As it is, one-fifth of those who apply for Long-Term Care Insurance between ages 50 and 59 get declined for coverage. For those 70 and older, almost half get declined for coverage. You can’t wait until you have health issues. This is something you must do before you retire and enjoy better health,” said McCann

McCann explains that Long-Term Care Insurance is very affordable, especially if you are younger and in good health. A policy is an essential part of an overall retirement plan. A Long-Term Insurance policy not only protects your savings and income, but reduces the stress and burdens otherwise placed on your family.

Don’t place the full responsibility of your future long-term care on your family. Be sure you plan for longevity now so you can enjoy a successful future retirement without placing stress on your family or finances,” McCann added.

Start your research by exploring the current and future cost of long-term care services. McCann recommends utilizing a cost of care calculator like this: https://www.ltcnews.com/resources/states.

As a Long-Term Care Insurance specialist, McCann is licensed nationwide and represents the major insurance companies. His unique method gives you the ability to talk with him on the phone as you view his computer screen on your computer. It allows you the ability to shop all the major companies at one time with a recognized specialist assisting you design an appropriate and affordable plan. Be sure to start your research when you still enjoy good health. He recommends these reference websites:

LTC News offers news and resources: www.ltcnews.com

US Department of Health and Human Services official long-term care site: https://longtermcare.acl.gov/  

Free Long-Term Care Insurance Quotes: www.quoteonltc.com

McCann’s website also features extensive resource information.

McCann Insurance Services: 866.751.7957: www.mccannltc.net