LONG-TERM CARE INSURANCE

BELIEVE US, WHEN THE TIME COMES YOU'RE GOING TO WANT OPTIONS TO AFFORD QUALITY CARE.

Give yourself a shot at the quality of care you'll want, not the quality of care you'll have to settle for.

Long-term care is the assistance provided when a person is unable to provide for himself or herself, as a result of disability or a prolonged illness. It ranges from providing personal care at home, such as bathing and dressing, to skilled nursing services in a nursing home.

Long-term care is offered through home care agencies, senior centers, adult day care centers, traditional nursing homes and retirement communities that provide on-going care.

Skilled nursing care is needed for medical conditions that require care by specially trained nurses or therapists, who routinely are licensed by the state. This level of care is on the specific orders of a doctor who dictates the care to be provided and is usually required around the clock, 24 hours a day.

Intermediate nursing care is associated with stable conditions that require daily supervision, but not around the clock care. It is less specialized than skilled nursing care, often involves more personal care and is supervised by registered nurses.

When someone buys a fire insurance policy on their home, they are betting in favor of a potential risk that most probably will not occur. But if one does occur, it is a total financial catastrophe for most people. For that reason, fire insurance policies are common. This is classic case of insurance at its best: everyone pays a small premium and in return receives the assurance they will not bear the full burden of a rare catastrophe.

In buying long-term health care, the consumer and the insurance company are engaging in a far different bet. The probability of the purchaser needing long-term health care at some time in the future is 50%.

If you are looking for security in Long-Term Care Insurance, you're certainly not alone. The fact is, Long-Term Care Insurance is one of the fastest-growing types of health insurance sold in recent years.

Long-term care policies pay the cost of the day-in, day-out care for a person with an acute or long-term illness or disability. Many seniors receive this care in nursing homes, but care at home and at adult day-care centers is growing in popularity, because it is generally less expensive and still provides the security of a longstanding home.

The most important step is to start planning today by contacting a CFS* Financial Advisor at CommunityAmerica Credit Union. Our CFS* Financial Advisors are dedicated career professionals, carefully selected and trained to serve credit union members. Your CFS* Financial Advisor is here to help answer your questions, and make sure you're aware of the options available to you.

Contact a CFS* Financial Advisor today, so we can begin working with you to help develop the right retirement plan for you.

* Investments and investment advisory services offered through CUSO Financial Services, L.P. (CFS), an independent broker-dealer and SEC Registered Investment Advisor are Not NCUA/NCUSIF insured, are Not credit union guaranteed and May lose value. CommunityAmerica Credit Union is affiliated with CFS. Financial Advisors are employees of CommunityAmerica Credit Union and registered through CFS. (Member FINRA/SIPC)

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