• News Release
• Date: September 15, 2009

• Contact: Jolene Weaver
• 717-581-4390

Planning For Long-Term Care

If we were to ask a friend what his or her most important concerns are, we would probably get a variety of different answers. But according to a recent survey of seniors by the National Care Planning Council, the most likely and frequent answers included the following three principal concerns:

1. Remaining independent in the home without intervention from others.
2. Maintaining good health and receiving adequate health care.
3. Having enough money for everyday needs and not outliving assets and income.

Yet very few people spend the money or the time required to plan for their long-term care. The study showed an unusual paradox; that someone would be more concerned about buying insurance for a home fire when the risk of long-term care is 600 times more likely. Or what about the cost of insuring for an auto accident when the risk of long-term care is 120 time more likely with 20 times more expense? Or why the overwhelming concern to buy Medicare supplement insurance when without it Medicare would still cover most of their health needs after deductible and co-pays?

People who refuse to plan are more likely to have never experienced long-term care and are prone to deny that long-term care can happen to them. The Wall Street Journal also recently reported that for a couple turning 65, there is a 70% chance that one of them will need long-term care.

For more information on long-term care insurance, please contact Ed Nissley, Senior Ministries Insurance Counselor, at his Brethren Village office at (717) 581-4260.

Source: National Care Planning Council & The Wall Street Journal

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