Americans are living longer. We lead healthier lives than ever and we have access to the best medical care in the world. We hear more about people living into their 90s or even 100s — probably longer than they expected. We celebrate their lives, but many family members often ask how they will continue to support their loved ones.
The solution: Long-term Care from TMP Capital.

Call 559-479-8477 for information.

Long Term Care for unexpected needs
Long-term care is the type of care you or a family member may need if you no longer can take care of you or them due to a disabling stroke, heart attack, Alzheimer’s disease, or simply advanced age and frailty. These conditions often result in long-term stays in a nursing home, nursing wing of a convalescent home, assisted living facilities; at home for home health care, personal care, homemaker services, hospice and respite care, among others.

What this means to you
The average American can expect to live 20-30 years more after retirement. A major concern in these days of longer life and better health care is whether we will be able to afford a lengthy retirement. You should ask yourself the following questions:

• What would your family do today if you needed some type of long-term health care?
• Would they be able to care for you at home?
• Would they need help themselves?
• What if you or someone else in the family needed nursing home care?
• How would these long term needs be paid for?

Family matters
On average, Americans now have more parents than children. This means you may well spend more years caring for your parents than you have raising your children. As a result, learning to care for our older family members without overburdening ourselves has become one of today’s major financial concerns. Here are some facts:

• 48.6% of people age 65 and older may spend time in a nursing home.*
• 71.8% of people over age 65 may use some form of home health care.*
• The national average nursing home cost is $40,000 - in some parts of the country, as high as $100,000.*

*Source: Long-Term Care: Knowing the Risk, Paying the Price, Health Insurance Association of America, 1997
**Source: NY State Partnership for Long-Term Care, 1997

Limitations of major medical, Medicare, and Medicaid for long term care
Frankly, you can't expect much, if at all, from these sources. Major medical insurance and Medicare, as well as Medicare supplements, are intended to pay for hospital, physician, surgical, rehabilitation, outpatient, and treatment expenses. These coverage programs were never designed to pay for long-term care. They only cover long-term care when it is at the skilled level (such as acute care requiring nurses). Medicaid does pay for long-term care at the custodial level. To qualify for Medicaid, however, you must have $2,000 or less in assets, not including your home and personal items (this amount could vary by state). When you pass on, the estate-recovery process allows the government to get as much as possible back from your estate for what they paid for your care under Medicaid.

Plan today for your own long-term care or for that of your family
You simply must begin to plan today for your family's financial security. Most people don’t begin until it's too late. Face it, the closer you are to retirement, the greater your risk and need.

Long-term care coverage from TMP Capital can help secure not only your financial future, but can ensure that you’ll receive the level of care you need — in the setting you choose — without losing your life savings or becoming a burden to your family. Call TMP Capital at 559-479-8477 for more information.

Plan for Success

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© 2009 TMP Capital, Inc.