Ignoring future costs threatens security

Looking Ahead by Doug G. Harvey



Long-term care (LTC) needs and costs can have a devastating financial im-pact on your retirement and your loved ones. In Massachusetts and Rhode Island, the cost of nursing home care was about $55,000 annually in 1998. Now, the cost of an annual nursing home stay has risen to $120,000 or more. Considering the fact that about 69 percent of 65-year-olds will need long-term care at some point, it makes sense for all of us to learn more about it.
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Check insurance plan

Looking Ahead by Douglas G. Harvey



Have you ever heard or used, expressions such as “I could’ve checked;” “I should’ve taken a look;” “I meant to get to that;” or the big one, “It never occurred to me that I should review it, I assumed that we were all set.” 
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Take steps to avoid financial disaster

Looking Ahead by Doug G. Harvey



What is the first thought that comes to mind when you hear that a friend or relative needs long-term care? (LTC)  If you’re like the vast majority of Americans, a nursing home is what you probably think of.  Actually, nothing could be further from the truth. It may surprise you to know that less than 15 percent of LTC is administered in a nursing facility, and that such care usually starts in an individual’s home. 
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Take time to prepare for long-term care

Looking Ahead by Doug G. Harvey



Each year too many Americans lose their assets and financial security, even their way of life to uncovered long-term health care expenses. The statistics of people needing long-term care at some time in their life can be eye-opening. The cost of care is staggering and steadily increasing. The emotional and financial toll it can wreak on family members can be overwhelming.
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