Long Term Care Gamble
I won a raffle ticket for the first time in like forever!
It was a Chamber of Commerce breakfast and about six local businesses brought items to be raffled off. I was one of the winners.
It didn’t appear to be a big deal until I met with Greg. I called him to arrange for the ‘free consultation’. Among other services, he provides digital forensics. Now, I’ve seen enough Law and Order episodes so I know what forensics are but did not know how it applied to digital communications. It’s a process where data from different sources can be gathered together for efficient use. Very helpful for lawyers and other industries using multiple devices like cell phones, PC’s and tablets. I will be referring Greg to some lawyers who need that kind of efficiency in their practice.
Then it was my turn to talk about my business. I started to explain what long-term care insurance is. He stopped me mid-sentence. He had never heard of long-term care insurance. Greg is 39 years old and had witnessed several members of his family who experienced dementia and Alzheimer’s. His story was familiar to me. All the hard-earned savings went into costly memory care. Once the money ran out, the government plans started to pay and the quality of care quickly went south. In one case, the memory care unit was 35 miles away from home. In another case, the community spouse had to do a reverse mortgage to pay for her husband’s care.
Greg made an appointment to set up an insurance policy for himself and took a couple of my business cards to hand out to his family. Because of his experience with Medicaid (Medi-Cal) he understood the need to be able to pay for good care and not overcrowded and understaffed government supported long term care services.
When you are ready to talk to an expert about how to avoid the Long Term Care gamble with Long-Term Care Insurance, schedule a call: calendly.com/jimbetter. Find more long term care stories and resources in our blog.