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One in three will need long term care in retirement. Do you know about the Long-Term Care Partnership Program established
in 2007 by our government?
We are all living longer. Years ago, the biggest concern
is if and how our savings will support us into our 90's. Now, it is the cost of needing medical help
in our golden years. Assisted Living and Nursing Home costs are NOT covered by Medicare, as most people think.
In 20 years the cost for five years of Alzheimer's care will cost $975,000. At Jenco we teach you how to avoid
losing all of your assets to medical costs.
Did you know
that if you own your own business that the premiums for Long Term care may be deductible? Look at some of the
tax advantages for premium payments.
Need help navigating through senior benefits? I receive a call at least once a month from someone whose parent
is embarking on the need for assisted living or a nursing home. "How do we save mom or dad's assets from going to
the nursing home?" Proper planning helps you learn what you need before it happens-before it's too late. There
is a five-year look back for assets when going into a home and applying for Medicaid. (Incidentally, over
half of those in a nursing home are on Medicaid or Veterans benefits, receiving only $87 per month.)
The Long-Term Care Partnership Program can save assets for your spouse, children or other beneficiary. Ask us how
it works.
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