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Everything You Ever Wanted to Know About Long Term Care Insurance…No Really

Heard of Long Term Care insurance? Want to learn more? Here's your opportunity.

       Whether through personal experience or public awareness campaigns, I’ve found the scope of understanding of long-term care insurance often ends at the acknowledgment of its existence.        The why, when, and how of this type of important protection are where the conversation often breaks down.  Here’s a chance to fill in the blanks.      Below is a list of 8 reasons I’ve compiled on why learning more about Long-term care is important.   
  1. Statistically speaking, there is a very good chance you will need it.
  2. Care expenses are already astronomically high, and rising.
  3. Speaking of expenses, is the possibility of them accounted for in your retirement plans?
  4. It provides protections and covers more services than you might think.
  5. Counting on government supplemented benefits may not be prudent planning.
  6. Protects assets designated for other purposes (Charity, Legacy planning, etc.).
  7. To relieve the burden of care from loved ones.
  8. Freedom of choice of your care.
        As pointed out in a recent Barrons article, the effects of potential long term care expenses on your retirement plan could be severe, but this is the exact type of risk (large, uncertain) that insurance is ideally suited for.     You have an exceptional opportunity to receive fair and objective information without the sales pitch by attending the free Connecticut Partnership for Long Term Care Forum being held at the: Wilton Library on November 7th from 6-8pm If you are interested in learning more, need assistance with registration, or have further questions after attending I will be happy to answer inquiries individually or on Patch.  I've included further details on the event below. The Missing Link in Retirement Planning
Why and When to Consider Long-Term Care Insurance If you are 40 years of age or older and plan to have assets of at least $75,000 (excluding your car and home)... by attending this forum you will gain a better understanding of: 
  • The risks and costs of home care and nursing home care and why it's important to consider these factors in retirement planning,
  • What you need to know before you buy long-term care insurance and,
  • How it can add to your long-range financial security with the State's innovative program, the Connecticut Partnership for Long-Term Care.
  About the Forum: The Connecticut Partnership for Long Term Care, the first program of its kind in the country, is a State of Connecticut program that has developed special long-term care insurance sold through participating private insurers to help Connecticut residents plan for their future long-term care needs.  The Partnership holds Public Forums in local municipalities that provide unbiased information about the need for long-term care.   Registration details are noted below.  No sales or solicitations are allowed at the Forums.  Call 1-800-547-3443 to register or visit www.ctpartnership.org to register online.   Noah is a Certified Financial Planner ™ and writes on Patch for the promotion of financial literacy and awareness—a topic in which he believes an informational void exists.  He makes himself available by appointment, telephone, or email to all readers and can be reached at 203-204-6226 or noah@myblueprint.co Noah Schwartz CFP® is not affiliated with the State of Connecticut or the Connecticut Partnership for Long-Term Care and will not be participating in the Public Forum noted above Noah Schwartz is a Registered Representative and Investment Advisor Representative of and offers securities and advisory services through WRP Investments, Inc., member FINRA & SIPC.  Blueprint Financial Strategies is not affiliated with WRP Investments, Inc.  Securities and advisory services are supervised by WRP Investments, Inc. at 4407 Belmont Avenue, Youngstown, OH 44505 (330) 759-2023.

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Glen K Dunbar October 19, 2012 at 01:51 PM
This must be something rather new in let us say the past 20 year or less. I know it is frightfully costly....like $700-$800/mo?? Almost the cost of a mortgage per month. I am willing to be their are caps, copays and other limits and dumb rules. Why do most all the insurance Companies in general like to stick it to the little guy. Their job is to pay our bills. yet, it seems all the want to do is put it back in our laps. GLEN
Noah Darrow Schwartz CFP November 05, 2012 at 04:05 PM
Due to the aftermath effects of Sandy and the storm predicted to hit CT on Wed. evening, the CT Partnership’s Public Forum scheduled for Wed. 11/7 at 6 PM at the Wilton Library has been cancelled. No new date has been scheduled for the Forum. Please let me know if you have any questions
Noah Darrow Schwartz CFP May 06, 2013 at 07:49 PM
The CT Partnership’s Public Forum has been rescheduled for this Wednesday 5/8 at 6 PM at the Wilton Library. I believe pre-registration is full, but they will accommodate walk-ins up to capacity. It's a great opportunity to learn more about Long Term Care insurance for those interested.

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