Long-Term Care Planning
Protect Your Independence. Protect Your Family.
Long-term care isn’t just about nursing homes. It’s about maintaining control, preserving your savings, and making sure the people you love aren’t forced into caregiving roles.
Most people don’t plan because they expect something bad to happen. They plan because they want clarity, choice, and peace of mind.
Why Planning Matters
Here’s the reality:
- Medicaid covers the largest share of care costs (~42%) — but only after strict income and asset limits are met
- Nearly 28% of care is paid out-of-pocket by families
- Medicare only covers short-term skilled care — not ongoing help with daily activities
Without a plan, care often becomes a financial and emotional crisis.
The Hidden Cost: Family Caregiving
Many families assume a spouse or adult child will “just help.”
But unpaid caregivers often:
- Reduce work hours or leave careers
- Experience higher stress, anxiety, and health issues
- Sacrifice retirement savings and income
Planning ahead isn’t just about money.
It’s about keeping your loved ones as family — not full-time caregivers
Why This Is Especially Important for Women
Women:
- Live longer on average
- Make up over 70% of nursing home residents
- Represent the majority of assisted living and home care recipients
Longer life often means a higher likelihood of needing care — sometimes alone.
Planning protects independence and financial stability.
Your Planning Options
There is no one-size-fits-all solution. Here are the primary paths:
Traditional Long-Term Care Insurance
- Comprehensive coverage for home care, assisted living, or nursing facilities.
- Best for those who want maximum flexibility and asset protection.
Hybrid / Asset-Based LTC
- Combines long-term care benefits with life insurance or annuities.
- Appeals to people who dislike “use it or lose it” structures.
Short-Term Care Insurance
- Covers temporary needs (typically up to 12 months)
- Often easier to qualify for and more affordable.
Medicaid Planning
- A crisis strategy when insurance isn’t in place
- Involves strict eligibility rules and limited flexibility.
Not sure which path makes sense for you?
Long-term care planning should align with your retirement goals, health, family situation, and values.