Affiliate Tammy S. J. Schneider, CPA/Manager of Glass Jacobson shares the following – Long term care – a Woman’s Issue
Women are significantly more likely to need long-term care and yet few are prepared, according to a new consumer guide published by the American Association for Long-Term Care Insurance. Women have 10 times the chance as men of reaching age 85 and make up almost three-fourths of nursing home residents.
Long-term care is clearly a woman’s issue. Women provide the majority of care for their spouses or other aging family members, and because they live longer than men are far more likely to need long-term care themselves.
Planning for long-term care is especially important for women who are married, living with partners or residing alone. Long-term care insurance is one affordable planning option available but it is essential to consider this when you can still health qualify and benefit from available discounts.
Some 8.25 million Americans already own this coverage, according to the long-term care industry statistics.
Not sure where to start to get more information – here’s some online resources we found that may help lend some clarity.
Wikipedia’s definition of “What is Long Term Care Insurance” is a good place to start – click here.
The Federal Long Term Care Insurance Program has some interesting online resources to help you determine what you should be paying in your area, and how much you need with their basics of long term care insurance – click here.
The Life and Health Insurance Foundation for Education site has some great resources and information as well starting with helping you identify “who needs it” – click here.
Glass Jacobson is offering access to a free guide for women seeking more information A free copy of this new consumer guide for women “A Woman’s Guide to Long-Term Care Insurance Protection” can be obtained from Glass Jacobson Investment Advisors by calling or emailing Christine Schmitz, LTCP at Christine.schmitz@glassjacobsonia.com