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Long-Term Care Insurance

If 70% of the homes on your street caught on fire, you would probably make sure you had adequate protection against fire, wouldn’t you?

Things you should know about long-term care.

  • 70% of people turning age 65 will need long-term care during their lifetime.
  • Medicare only covers a portion of skilled nursing costs up to 100 days.* And Medicaid is only available to those with limited assets and income. Changes to Medicaid rules have limited the ability to give away assets so that one may qualify for Medicaid to pay for their Long-term care.
  • Your savings may not be enough to provide for your care and leave enough money for other family members that are dependent on your financial assistance, like a disabled child. The national average cost for a private room in a licensed nursing home is over $97,000 per year. Financial professionals estimate that clients facing an unplanned care event may spend their savings 2–3 times faster than planned. ‡
  • Family may not be able to take care of you. The stress of caring for you can negatively impact the people that love you the most. Women caring for ill parents are twice as likely as non-caregivers to experience depression or anxiety. The overall cost to a female caregiver is estimated at almost $325,000 due to lost wages and diminished working hours.§

Stephenson Financial has the experience and resources to design a needs specific plan to address your potential long-term care risks.

Call today 318-324- 8410

*U.S. Department of Health & Human Services, “Medicare & You 2015,”,, revised December 2014.

† Hanover Research and Lincoln Financial Group, “Managing Long-term Care Risk Survey,” lfg/lfgclient/rna/rsrch/index.html, October 2014.

‡”2014 Lincoln Financial Group Cost of Care Survey” conducted by LTCG, January 2015. For a printed copy, call 877-ASK- LINCOLN. § Family Caregiver Alliance, “Women and Caregiving: Facts and Figures,” FCA, caregiving-facts- and-figures, February 2015.

Non-variable/non-indexed insurance products are not offered through United Planners.