People are living longer. A well thought out plan for addressing the potential need for care is essential to the physical, emotional, and financial needs of you and your family. Living a long life doesn’t guarantee that it will be a healthy one. At least 70% of people over age 65 will require long-term care services at some point in their lives. (from www.longtermcare.gov). This evening we will address questions such as: what are the long-term care risks and consequences; what are the options to protect your savings and home; how about transferring assets to your kids to qualify for Medicaid?; how do the stand-alone long-term care and the new hybrid insurance alternatives work, and which might be appropriate for your situation? and, finally, how to develop a plan of action? This presentation is most appropriate for those age 44-70.
Len May is a graduate of MIT’s Sloan School of Management and an independent, certified long- term care specialist.