Workshop On Long-Term Care
Workshop On Long-Term Care
A workshop on how to fund long-term care will be held on April 30, from 6 to 8 pm in the board room of the Cyrenius H. Booth Library on Main Street.
Joan Bouchard, CLU, ChFC, will discuss options on funding long-term care and avoiding the use of assets to pay for it.
A serious illness or injury can mean financial jeopardy. Since very few private or group health insurance policies cover the cost of long-term care, people with income and assets often end up paying for expenses themselves.
Seventy-six percent of Americans donât expect to need long-term care, but 43 percent aged 65 and older actually will need it.
The average annual cost of nursing home care is $50,000, and $125.2 billion is spent annually on long-term care. In ten years, it is projected that the annual nursing home cost will be $81,445.
There is no fee for the workshop and no obligation. Attendees will receive a free 20-page workbook containing information, exercises, and questions to help them evaluate the need for long-term care insurance.
For reservations, call 203-797-1203.