long-term care insurance

An experienced guide to help you
fund care down the road.

A common first experience with long-term care (LTC) begins when an adult helps an aging parent navigate the costs with rehabilitation after an illness or accident. It is then that the myriad of questions about what is covered by Medicare, Medigap, and basic health insurance begin to kick in. The frightening realization of how crippling monthly health care bills can be when basic coverage ends is what motivates most people to consider long-term care for themselves.

Our team is committed to holding your hand through this process — whether you are helping a parent, or if you are beginning to plan for “what if’s” yourself. There are several options in layering and supplementing policies, depending on your situation, that we can consider to take a cost-conscious approach with what is often considered a tough monthly expense to fund.

Click through our approach below to see how we can help you get started today.

Fact Finding

We will begin by getting to know you, asking a few preliminary health questions, and understanding all of the family and advisors involved in your health and welfare.

Research

Our team has worked with LTC carriers for over 25 years and is well-versed in coverage for all the health scenarios. We will take the preliminary health information you have provided, run the information through quoting systems and review various solutions with you. At this point, we will meet in person and talk through any questions. We encourage you to take all the time you need and will only start the application process when you are comfortable.

Implementation

Once we have selected a carrier, you will need to complete the application process. A physical exam may be required for coverage and the insurance company will call you directly to set this up. (Often times this can be done at your residence.) We will keep you informed throughout the entire process and are here to manage any questions along the way. Once the insurance company has approved the application, we will hand deliver your policy.

Annual Review

We encourage a periodic review of your coverage. During this time, we will touch on any changes to your health or need for additional coverage. And because insurance rates can change for LTC, we can problem-solve with you on ways to help reduce monthly coverage costs.

Asset allocation, which is driven by complex mathematical models, cannot eliminate the risk of fluctuating prices and uncertain returns.

The importance of long-term care.

It is estimated that almost 70% of people over the age of 65 will require Long-Term Care at some point in their lives. The State of Connecticut has partnered with private insurance in an effort to help you achieve your long term care needs.

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Consider shared care.

One helpful feature of long-term care insurance policies is shared care. This is an extra feature you can purchase that allows a couple to share the benefits of each other’s policies.

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Your long-term care specialists

Robert W. Hensley, LUTCF
Member & Financial Advisor
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Robert S. Hensley, CLU, AIF®
Managing Member &
Financial Advisor
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SET UP A MEETING TO TALK

As you get older, you can feel better knowing there are steps you can take to ensure that your wishes (both medical and financial), are carried out the way that you want them. Having your decisions squared away and clear, so that there are no misunderstandings or second-guessing, can be the greatest gift you can give to your loved ones, and yourself.