You just learned that your spouse or parent needs expensive long-term care. There’s no long-term care insurance, and you are worried about running out of money. What do you do?
How do you prevent this situation from happening to you?
The Arizona Long Term Care System (ALTCS) pay-rate for skilled nursing home care in Pima and Pinal counties is over $88,000 per year, and private pay rates are often higher! Do you worry about running out of money if this happens to you? You’re not alone. Many fear long-term care costs will drain their savings.
Maybe you’ve heard a story similar to Mary and Fred
What can you do if your family is in crisis and a loved one needs care NOW?
Jennifer and Mark…
Scared and frustrated, Jennifer knew her husband Mark needed care with his Dementia diagnosis. Their small savings had already started to dwindle. She knew her husband needed care, but she wondered how she could afford it and not run out of money herself. She applied for ALTCS for Mark twice, and ALTCS denied each application because “she had too many assets” though she could not understand why ALTCS came to that conclusion. ALTCS instead told her she had to spend nearly half her assets before Mark could qualify for state assistance. Her financial advisor suggested she contact us.
What can you do to position yourself now so that future long-term care needs don’t devastate your finances?
Bob and Sandy had been married for 45 years. Bob had been diagnosed with Dementia, but he felt fine and didn’t notice any impairment. Unfortunately, Sandy felt differently. Not only did Sandy worry how Bob’s future care costs might consume their small savings, but she also worried about Bob’s judgment given he thought everything was fine.
To get your peace of mind…
Let us understand your situation and confirm we are the right fit to guide you.
Get true peace of mind knowing you can ensure your loved one has the care they need while preserving your assets as much as possible.