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.
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.
Long-Term Care Strategies
Who will take care of you if you are unable to care for yourself?
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.
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.
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.
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.
Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor.
Any and all other services referenced are an outside business activity not offered through or supervised by AE Wealth Management.
Insurance products are offered through the insurance business Dillard & Associates, LLC. Dillard & Associates Wealth Management is an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser.
AEWM does not offer insurance products. The insurance products offered by Dillard & Associates, LLC are not subject to Investment Advisor requirements. AEWM and Dillard & Associates, LLC are not affiliated companies.
Medicare covers certain medical services and supplies in hospitals, doctors’ offices, and other heath care settings. If you have both Part A (Hospital) and Part B (Medical), you can get all Medicare services covered under Part A or Part B, whether you have Original Medicare or a Medicare Advantage Plan (like an HMO or a PPO). To get Medicare-covered Part A and/or Part B services, you must be a U.S. citizen or be lawfully present in the U.S. To learn more about your options, call Medicare Plan Option at 352-404-8125.