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?
ASK US A FINANCIAL QUESTION
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?
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.
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