Women & Long Term Care Costs
The fact is women out live men for a statically average of 2.5 years. However, medical events like dementia por Parkingsons can make the survivor period much longer. Long Term Care Insurance then, is more expensive for women. There are strategies than can mitigate the cost to some degree. Here are seven tips that you can use:
- Talk to and LTC advisor for your best options
- Reduce the risk of premium hikes
- Consider ‘shared-care’ plans
- Plan for single womanhood needs
- Open an HSA account
- Choose a ‘hybrid’ contract
- Plan early. Repeat, plan early.
For more information check out the link and call us for help.