Long Term Care Planning

Long Term Care Planning

Why is it important to plan for long term care?

You may not expect to need long term care, but it is important to plan for it nonetheless

Here are some important reasons long term care planning may be important:

  • The odds of needing long term care are high, as a result of illness, Alzheimers disease and dementia, accident, etc.
  • Medical advances allow us to live longer, but this may result in the need for costly assistive care

What type of services are we talking about when we refer to long term care services ?

  • Skilled nursing care
  • Intermediate care
  • Custodial care
  • Assistive care
  • Myths about Medicare

Many people mistakenly think that Medicare will pay for all of their long term care needs. This is incorrect. Medicare pays for only limited services. An important part of retirement planning is important to understand what services may be covered and for what period of time.

If you have questions about retirement planning and the impact that a long term care event may have on your retirement finances, please contact me for a complimentary, no obligation consultation.

Barbara Rosasco

Telephone: 650-389-1030

Email: bsabolrosasco@wradvisors.com