According to the AARP’s latest study, there are now 53 million unpaid family caregivers in the United States.
Most family caregivers are untrained and unprepared for the job, make many sacrifices and face emotional stress. However, they also place their health at risk. Just as worrisome, they are putting their loved one’s health at risk.
Matt McCann, a nationally known expert on long-term health care planning, says long-term care is both a cash flow issue and a family issue.
“The cost of long-term health care is getting more expensive every year. These costs are not covered by traditional health insurance, including Medicare and supplements. Too many families are unprepared for these costs, and family members find themselves thrust into the role of being a caregiver. That is a huge problem, and too many families and their financial advisors ignore the problem,” McCann said.
McCann says untrained and unprepared family caregivers find their health deteriorates, and families are torn because of split responsibilities. While the caregivers face challenges, the care recipient faces additional problems as well.
“Family caregivers often make the situation worse as they don’t know what they are doing. Being a caregiver is demanding and usually requires helping a person with both medical needs and daily living activities. Just medication management can be challenging,” McCann added.
Long-Term Care Insurance is an affordable way to address the financial costs and burdens of aging. When you have an LTC Insurance policy in place, you have access to guaranteed tax-free resources to pay for your choice of quality care, including in-home care.
“Your family will have time to be family, and your assets, lifestyle, and legacy are protected. However, you must get coverage when you still enjoy fairly good health, so don’t delay,” McCann said.
McCann helps people nationwide and represents the major brands in Long-Term Care Insurance. You can safely explore your options and get accurate quotes from the major companies. His unique process allows you to view his computer screen as you speak with him on the phone from the comfort and safety of your home.
“Give your family the time to be family and not be burdened with being caregiver years from now,” McCann said.
Get free and accurate quotes from all the major companies – click here.
McCann Insurance Services: 866.751.7957: www.mccannltc.net