Long-Term Care Planning

Longevity is perhaps the greatest challenge facing retirees today. The good news is that we’re living longer, healthier and more active lives than any previous generation. The bad news is that without the right strategy in place, many retirees risk outliving their income in retirement.

Will your income last as long as you do?
How will you maintain your independence if you become incapacitated?
How will you care for yourself or a spouse when faced with a serious illness?
And how can you ensure adequate income for a surviving spouse?

These are serious concerns that require careful and in-depth planning and should never be left to chance. As a Chartered Advisor for Senior Living® (CASL®), Brian Bedford brings particular expertise in helping clients in and nearing retirement to develop plans to maintain control of their independence and dignity throughout their years in retirement. Working together, Brian and Tammy Mogilski specialize in leading clients to and through retirement, assisting individuals and couples by simplifying complex challenges and enabling clear, confident decision-making.

Long-Term Care Insurance

Long-term care insurance is an important component of long-term care planning. In fact, we often refer to it as “anti-nursing home insurance.” That’s because it can be an effective tool for helping you maintain control of your independence in both good health and poor health. Long-term care insurance is used to help manage healthcare costs and reduce the impact of inflation, while ensuring your healthcare needs and those of loved ones are covered well into the future.

When planning for long-term healthcare needs, it’s important to keep in mind that:

  • Medicare is not nursing home insurance and does not cover long-term care
  • Private medical insurance or Medicare supplement plans do not cover maintenance care

Planning for Long Term Care – Things to Consider

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