DESIGNED TO LAST

As the oldest baby boomers begin to wind through their 70s, one of the biggest concerns may not be outliving income, but outliving good health. With the median cost of hiring a home-health aide at $33 an hour and the median cost of assisted living at $5,350 a month, it's understandably daunting.¹ Does your retirement income strategy account for this kind of possibility? Would you be prepared for twice that amount as a married couple?

Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group medical insurance, major medical insurance, nor Medicare will cover long-term care, you may want to consider planning ahead for these potential expenses.

We can help evaluate your situation and determine what kinds of products could fit into a comprehensive long-term care strategy, one that is suited to your needs and circumstances.

¹ Genworth and Care Scout. 2024. “Calculate the cost of long-term care near you.” Accessed Feb. 18, 2025.