Posts Tagged ‘ Members 1st Insurance Services ’

Have you had the talk… about Long Term Care?


Golfers

Do you know what you or your loved ones want regarding long term care? Would you want to receive care at home or in a facility with round-the-clock nursing staff? Are you counting on family and friends to help? Have you considered the costs of long term care?

As the years pass, there’s a good chance you may need assistance with life’s every day activities. If given the choice, you will probably want to stay in your own home and maintain your independent living. Sometimes, that’s not possible. Unfortunately, growing older and needing living assistance or care comes with a hefty price tag. You do need to think about it. Ask yourself:

  • Can I afford to pay for long-term care services out of my own pocket?
  • Do I have enough money in savings to pay for services?
  • Will I have to sell some of my assets? If I do, what would I sell?
  • If I have to pay for long term care services, how will that affect my retirement?
  • How will paying for long term care affect me and my family’s quality of living if they have to help me pay for care or take care of me?

couple_50s_dark hair_long term care_3The reality of aging Pennsylvania

  • Pennsylvania isn’t getting any younger. We rank fourth in the U.S. by percentage of the population age 65 and older and 1 in 5 Pennsylvanians are 60 and older.*
  • By 2030, 29% of Pennsylvania’s population will be 60 and older – that’s approximately 4 million people.**
  • The cost of long-term care in Pennsylvania averages between $70,000 and $100,000 annually.

Medicare and private health insurance programs do not pay for the majority of long term care services that most people need. That’s where a long term care policy comes in to help you manage these expenses and protect your retirement savings so you can have peace of mind when you need it most.

Plan now. Worry less later.

Retired Senior Man Having Health Check With Nurse At Home

Most of us will need some type of long term care service in our lifetime due to cognitive or physical impairments. Planning now will help with the inevitable costs relating to your care. A long term care policy will help you pay for:

  • personal care services
  • homemaker services
  • professional services such as a registered nurse, home health aide or therapist
  • assisted living
  • nursing home
  • hospice care

The costs of these services vary greatly and can add up quickly while depleting your savings. Purchasing long term care insurance now while you are younger and healthier allow for affordable premiums.

We care about you at Members 1st Insurance Services.***
Members 1st Insurance Services is an independent agency that works with multiple carriers. We don’t believe in a one size fits all approach. We will tailor your long term care insurance policy specifically for you by evaluating your needs and budget. We’ll guide you through your options so you can select what’s appropriate for you in terms of policy limits, maximum monthly benefits, elimination periods and inflation protection. We will also discuss additional optional benefits that may suit your needs.

Start a conversation today.
Ben LauschDon’t know how or where to begin with a long term care discussion? Share your thoughts with your significant other and other loved ones so that together, you can think, plan and discuss your ideas. Let me help you to start planning now for your comfortable, caring and affordable tomorrow. Call me, Ben Lausch, Health Benefits Specialist with Members 1st Insurance Services, at (717) 458-6269 or (800) 283-2328, ext. 6269

FREE Long Term Care Seminar – click for details.

*US Census Bureau, Demographic Profiles: Census 2010
**PA State Data Center. State and County Population Projection by Age and Gender, 2010 to 2040.
***Insurance services available to Pennsylvania residents only.

Make Sure You’re Covered in 2015!


Health InsuranceYou can sign up for health insurance, renew your current health insurance plan, or enroll in another plan for next year now through February 15, 2015.

Don’t have coverage? You can purchase health insurance on your hold if your employer doesn’t offer it, if your employer’s coverage is unaffordable, or if you’re self-employed. Plus, you can no longer be turned down because of pre-existing conditions. You may qualify for tax credits and savings on out-of-pocket costs, which could help make purchasing health care more affordable. Keep in mind that the fee for not having health insurance in 2015 is increasing to 2% of your income or $325/person. Make sure to enroll by December 15, 2014 in order to be covered on January 1, 2015.

Confused by HealthCare.gov? We have a tool that can simplify the process. To review your health insurance options and enroll/update your plan, go here and click on Get a Quote Today.

If you have any questions, our local expert Health Benefits Specialist Ben Lausch provides excellent service and would be happy to assist you with your choices. Contact him at (800) 283-2328, ext. 6269 or lauschb@members1st.org.

This article has been reprinted from the November/December 2014 edition of Avenues.
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