One of the biggest concerns of many adults facing their retirement years is figuring out how to manage potential long-term care cost. And while many Americans prefer not to think about this need for assistance – or who will provide it – the likelihood he or she will need long-term care at some point in the future is high.
Studies show more than half of people turning age 65 will need some form of long-term care services in their lifetime, and 14% will need long-term care for more than five years.
Unfortunately, many underestimate how likely it is they will need long-term care, as well as the costs associated with that care. The worst part is many individuals mistakenly assume their health insurance or Medicare covers these costs – which could force them to make important financial decisions at a time when they are in desperate need of care.
Given the likelihood of needing long-term care, and the tremendous cost that this care entails, it is important that individuals plan for it—and the sooner the better. Learn how to educate and guide your clients in the long-term care planning process today.
Do you want to take a deep dive into Long Term Care, and get some CE hours while you’re at it? InternetCE is here to help with all your online North Carolina insurance continuing education needs! Click here to check out our newest 8-hour Long-Term Care course, “Long Term Care in Depth“.
