You know how difficult it is to think about things like illness and death. And yet all of us will be affected by aging and declining health at some point, whether it’s concern for our own well-being or for those we love.
According to the U.S. Department of Health and Human Services, 70 percent of people turning 65 can expect to use some form of long-term care during their lives.* And with women’s longer life spans, on average, female retirees may need long-term care even longer than men do.
What’s more, many Americans don’t realize that Medicare and Medicaid only pay for limited long-term care services or have specific eligibility requirements.
That’s why it’s a good idea to research your options and talk with an independent financial advisor who can help you decide what financial product to consider for your long term care needs.
Please don’t put off these important conversations.
Troy Sharpe, CFP®
Founder and CEO
Oak Harvest Financial Group