Long-Term Care Strategies

Here’s how we help our clients with effective long-term care strategies:

• Long Term Care Insurance - Long Term Care Insurance (LTCI) is a key component in protecting your assets from the high costs of extended care. We assist you in selecting the right policy that covers a range of services, from in-home care to nursing home stays, ensuring that your wealth is safeguarded.
• Hybrid Life Insurance Policies - Hybrid life insurance policies combine life insurance with long-term care benefits. These policies provide flexibility, allowing you to use the policy for long-term care expenses if needed, while still offering a death benefit to your beneficiaries if long-term care is not required.
• Annuities with Long Term Care Riders - We offer annuities that include long-term care riders, which can provide a steady income stream to cover long-term care costs. These products help you manage the risk of outliving your assets while ensuring funds are available for care if needed.
• Health Savings Accounts (HSAs) - HSAs offer a tax-advantaged way to save for medical expenses, including long-term care. Contributions to HSAs are tax-deductible, and withdrawals for qualified medical expenses are tax-free. We help you maximize the benefits of your HSA as part of your overall retirement strategy.

• Medicaid Planning - For those who may need to rely on Medicaid for long-term care, proper planning is essential to ensure eligibility without depleting your assets. We work with legal professionals to implement strategies that protect your wealth while meeting Medicaid requirements.
• Family Caregiver Agreements- Setting up a formal agreement with family members who may provide care can ensure that you receive the necessary support while compensating your caregivers fairly. This arrangement can also help preserve your assets and ensure that your care needs are met.
• Estate Planning Integration - Integrating long-term care planning with your overall estate plan ensures that your wealth is preserved for future generations. We work with estate planning attorneys to create trusts and other legal structures that protect your assets from long-term care costs.
• Ongoing Monitoring and Adjustments - Long-term care planning is not a one-time event. We provide ongoing monitoring and adjustments to your plan to account for changes in your health, financial situation, and the evolving costs of care. This proactive approach ensures that your strategy remains effective throughout your retirement.