Long-Term Care Insurance Paying Huge Benefits

SPONSORED • Published: Thursday, July 13, 2017 9:27 a.m. CDT • Updated: Thursday, July 13, 2017 10:03 a.m. CDT

 

 

 

 

 

 

 

 

With advances in medical science, we are all living longer.

The US Department of Health and Human Services says if you reach the age of 65, you have a 70 percent chance of needing some type of long-term care service.

Plus, younger people are receiving extended care more than ever before. Those with Long-Term Care Insurance are receiving big benefits.

The nation’s long-term care insurance companies paid $8.65 billion in claim benefits in 2016, according to the American Association for Long-Term Care Insurance (AALTCI), a national consumer education and advocacy group.

“Some people think this will never happen to them. Unfortunately, they are in denial as the facts suggest otherwise,” said Matt McCann, a nationally known expert on long-term care planning.

McCann says most of his clients today are age 45-65 and are looking for a way to protect themselves from the physical, emotional and financial burdens long-term health care places on family.

“The consequences of long-term care are huge,” McCann said. “Most people don’t want to place this burden on family and by default this falls on the lap of a daughter or daughter-in-law. An advance for to address the financial costs and burdens of aging should be a key part of your future retirement plan.”

McCann helps clients nationwide as one of the top specialists in the country.

He speaks with clients on the phone and they see his computer screen from a special link from his website. This way they can learn their options, ask questions and get professional recommendations. Then he helps them shop for the best coverage at the best value.

McCann recommends several reference websites for research:

LTC Planning News offers articles and resources: www.longtermcareplanningnews.com

US Department of Health and Human Services: www.longtermcare.gov

McCann’s website also features several outstanding resources.

 

McCann Insurance Services, 866-751-7957, www.mccannltc.net