LONG-TERM CARE OVERVIEW
Long-term care is a service that provides medical and non-medical care to people who have chronic illnesses and disabilities, as well as people who need assistance with day-to-day living.
According to www.longtermcare.gov, it is estimated 70% of people over the age of 65 will require extended healthcare services before they die. It's a daunting percentage - are you prepared for the high cost of long-term care? Medicare does not cover "custodial" care, which is assistance with day-to-day living. Medicare only covers "skilled" care such as dispensing medicine, medical tests and diagnosis, etc. However, assistance with bathing, using the toilet, eating, household chores, etc ... are considered “custodial” care and are not covered by Medicare. Preparing for the inevitable is a wise choice when it comes to extended healthcare. Having the PROPER long-term care strategy could result in saving you hundreds of thousands of dollars, and perhaps more-importantly, PROTECT your spouse from ongoing financial hardship. LONG-TERM CARE QUESTIONS TO ASK YOURSELF
NEED HELP DECIDING WHICH TYPE OF EXTENDED HEALTHCARE COVERAGE TO secure?
|
Read our Life Insurance GuideASK US A FINANCIAL QUESTIONEveryone’s financial situation is unique and there is NOT a one-size-fits-all retirement plan. Ask us any question and we'll provide you with an accurate answer.
|
Contact Us:Cathy Mendoza
Founder of CM Financial Strategies Investment Adviser Representative: Virtue Capital Management 11501 Dublin Blvd. Suite 200 Dublin CA 94568 Tel. No. (925) 452-8286 Fax No. (925) 237-3733 Direct Line (925) 452-7582 Mobile No. (510) 610-2069 Need Help Making a Financial Decision? |
DISCLAIMERS:
Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and CM Financial Strategies are independent of each other. For a complete description of investment risks, fees and services, review the Virtue Capital Management firm brochure (ADV Part 2A) which is available from your Investment Advisor Representative or by contacting Virtue Capital Management. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Insurance and annuity products are not sold through Virtue Capital Management, LLC (“VCM”). VCM does not endorse any annuity or insurance product nor does it guarantee any annuity or insurance product’s performance. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Any guarantees mentioned are backed by the financial strength and claims paying ability of the issuing insurance company. CM Financial Strategies is not affiliated with the Social Security Administration. We do not warrant anything on this website, although we hope everything is accurate. We do not provide legal or tax advice. We are not responsible for any independent decisions made from information found on this website or links provided to external websites. You need to conduct your own research and consult with a financial professional about your personal situation before making any financial decisions. INFORMATION CONCERNING COPYRIGHT INFRINGEMENT CLAIMS: We provide links from its website to various third party sites which may enable you to obtain locations and information outside of our control. We neither control nor endorse such other websites, nor have we reviewed or approved any content appearing on them. We do not assume any responsibility or liability for any materials available at these websites, or for the completeness, availability, accuracy, legality or decency of these sites. |
© 2021 SMP International LLC