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Long Term CareIt's never too early to think about your future, particularly in terms of long-term care. While it might be several decades before you might need to utilize the services of an assisted living facility, early planning can help mitigate the astronomical cost of this care (which can be around $91,000 per year, should it be needed.

The price tag that comes with this necessary care can grow exceptionally high as the length of your stay increases. Rather than deplete your savings account (and possibly those of your children as well), consider purchasing long-term care insurance. Preparing for the possibility that you may one day need long-term care is an important part of retirement planning and a good way to ensure that such future physical needs can be met. Long-term care insurance can cover stays in nursing homes, assisted living facilities and even home care.

Who needs long-term care insurance?

Though Medicare does not cover long-term care, Medicaid can cover portions of such needs. This often makes long-term care insurance unnecessary for low-income individuals, along with the nation's wealthiest individuals who can afford to directly pay for their care. It's the middle class, the majority of Americans, who can benefit most from a long-term insurance policy. These individuals typically earn too much to qualify for Medicaid, but have too little in their savings to directly fund their treatment for extended periods of time.

Make an educated decision about your long-term care insurance policy. Call First Insurance Group at (502) 348-5921 for more information on Lexington long-term care insurance.
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First Insurance Group
Main Office 2520 South Highway 27 | Somerset, KY 42501 | Phone: (606) 679-3570
Bardstown 107 Lincoln Way | Bardstown, KY 40004 | Phone: (502) 348-5921
Frankfort 1510 Louisville Rd | Frankfort, KY 40601| Phone: (502) 223-5100
Nicholasville 508 North Main St, Suite C | Nicholasville, KY 40356 | Phone: (859) 885-9454
Richmond 312 Jason Dr Suite 3 | Richmond, KY 40475 | Phone: (859) 623-6692
Glasgow 605A Happy Valley Road | Glasgow, KY 42141 | Phone: (270) 651-5723
Danville 811 S Fourth Street | Danville, KY 40422 | Phone: (859) 236-5192

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