Long-Term Care Insurance
Why does Long Term Care Insurance Matter?
We all want to remain in control of our financial future and enjoy the retirement we’ve earned. But as we age, our health inevitably deteriorates and accidents happen. This often forces many people to tap into their retirement savings to cover their growing medical and caregiving expenses, leaving them worried that they’ll outlive their money, lose options for how they receive their care, or anxious they will become a financial and emotional burden on their family.
At Providence Advisors, we believe your health should not derail your financial plans, and that you deserve to feel relaxed, confident, and secure about your financial future. So we have an easy, proven process that allows you to protect your savings and control your options, regardless of the cost of your medical care. So you can receive the care you deserve if you ever need it and remain 100% in control of your financial future.
"Someone turning age 65 today has almost a 70% chance of needing
some type of long-term care services and supports in their remaining years"
U.S. Department of Health and Human Services
Cost of Care in Knoxville, TN
Whether in-home or at an assisted living facility or skilled nursing facility, the costs of caregiving can be substantial. It's also important to know Medicare does not cover these costs and this lack of coverage is considered by many to be Medicare's greatest deficiency.
"By allocating nothing for long term care, you allocate everything”