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Dec 16, 2014 • Matt Dean

What's your plan?

As we approach the end of the year, many people will evaluate what happened with the plans they had for 2014 and begin to make their plans for 2015.  For some people it is about planning for a vacation, or buying a new home. Still for others, they will consider the need to plan for retirement. 

What is your plan in the event you have the need for long-term health care? The kind of care where you may need assistance with bathing, dressing or even assistance because of a cognitive impairment (i.e. Alzheimer’s or other forms of dementia).  If you have purchased long-term care insurance – congratulations you have a plan.  If you have not purchased long-term care insurance and you're insurable, you have a plan as well: to spend down your assets. If you spend them all, you could qualify for Medicaid. Its planning by default.

Though the need for long-term care services may seem far away, you owe it to yourself and your loved ones to make a conscious decision on your plan.  Whatever you choose, the decision is yours, just make sure you have explored all your options.

As almost everyone’s grandfather or grandmother always told them – “no one plans to fail, they fail to plan.”  There has never been a better time to see what your options are in planning for a potential long-term care event.

Matt Dean

Written by Matt Dean

Matt Dean, CLTC, FLMI, HIA, ACS, joined LTCI Partners in June 2011. He brought 24-years of experience at USAA where he spent 18 of those years in various roles supporting long-term care insurance and six years heading their health product lines of business that included long-term care insurance. Matt's sales, operations, and insurance expertise leads our sales initiatives at LTCI Partners. Matt lives in San Antonio and is a graduate of the University of Texas at San Antonio with a degree in Finance. He and his wife are active in the Prader-Willi Syndrome Association (USA) on account of their son, Tanner, having PWS.
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