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10 Secrets Your Long Term Care Agent Won't Tell You
The Long Term Care Financial Tsunami
Fact: The fastest growing segment of the population is over 85
Fact: Every seven seconds another person in the U.S. turns 50
Fact: There are almost 80 million baby boomers aging at the same time
Fact: It's estimated that 10 million baby boomers will have Alzheimer's or some type of brain illness
Fact: The L.A. Times, CNN and other news agencies report that the "healthcare system is unprepared for the onslaught of aging boomers"
Fact: The U.S. government estimates that spending on long-term care services just for the elderly could reach as much as $379 billion in the next 30-40 years
Fact: Medicaid is expected to remain one of the largest funding sources for long term care, straining both federal and state governments
Taken together, all of the above is a clear sign that a long term care financial tsunami is headed toward everyone.
The above also warns that Medicaid - which is medical welfare for the poor and bankrupt - will be one of the largest funding sources. This means that more and more people will be using their retirement dollars to pay for health care costs.
And if that's not bad enough policymakers are going to be rethinking their role in all this.
Either you face the truth that the cost of long term care is a financial threat that can paralyze you and wipe you and your family off the map or you put your head in the sand and hope it will happen to the other guy.
Put simply, these are your choices...
#1. Do nothing and pray that just because 7 out of 10 couples have a long-term care need it won't happen to you and your spouse,
#2. Roll the dice and if a long term care need comes start writing the checks ... by the way these always start in the thousands of dollars,
#3. Consider long term health care insurance but be very smart about it about it. There are several policies that won't protect your retirement assets and there are many agents out there that will sell you just about anything to make a sale.
Learn how to protect yourself and download our FREE REPORT, "10 Secrets Your Long Term Care Agent Won't Tell You." Just provide your first name and email address below and you will be given instant access.