Medicare Advantage Plans

 

Medicare Advantage Plans are private health plan options approved by Medicare. Plans are administered by various insurance companies. Medicare Advantage plans are an option for beneficiaries who have Medicare Parts A & B and live in the plan’s service area.

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Long Term Care

 

Medicare Part A (Hospital insurance) covers care in a long-term care hospital that treats patients who may have more than one serious condition but who may improve with time and care, then returns home. 

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Long-Term Care Strategies

Who will take care of you if you are unable to care for yourself? 

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As the oldest baby boomers begin to wind through their 70s, one of the biggest concerns may not be outliving income, but outliving good health.

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At-home care services average $20 per hour, and assisted living facility costs average $3,628 per month.1  Does your retirement income strategy account for this kind of possibility? Would you be prepared for twice that amount as a married couple?

Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.

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We can help evaluate your situation and determine what kinds of products could fit into a comprehensive long-term care strategy, one that is suited to your needs and circumstances.

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1  2021 U.S. Department of Health and Human Services (https://acl.gov/ltc/basic-needs/how-much-care-will-you-need). 

    Site accessed 01/28/22.

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