For a safe retirement, you need to know that you have done everything you can to protect your assets and keep your independence in case of a health crisis. But there are many differences between long-term care insurance and the full life care product that places like BSH Care offer to retirees. Which option should you pick?
Long-Term Care Insurance
Long-term care insurance is meant to protect a person from some of the financial risks that could come with needing long-term care in the future. Long-term care insurance makes sure that a certain amount of money will be available in the future to pay for a certain amount of care.
People in the middle of their lives rarely need long-term care right away. Before you turn 60, the chances are good that you won’t need to use insurance. At this age, many people buy long-term care insurance to get a lower monthly premium based on how old they are. As a customer gets older, their premiums go up a little bit at a time.
Full Lifecare
Full life care is a care contract that lasts for a person’s whole life. It is paid for by a one-time entrance fee and a monthly maintenance fee. With these fees, you get a private home, maintenance on the inside and outside, housekeeping, a package of lifestyle amenities, a full range of assisted living, skilled nursing, memory support, and access to doctor services. Fees depend on the size, location, and type of contract of the home chosen. BSH Care has entrance fees that start at less than $100,000.
If care is needed, there are no waiting periods for lifecare, and the length of time that care may be needed is also not limited. With clear fees, you can carefully plan your financial future, knowing that the choices you make today will lead to the results you want tomorrow.
Call the Welcome Center at (908) 274-1090 to sign up for a lifecare presentation at BSH Care. Or, make an appointment to talk to one of BSH Care’s experienced retirement counselors in a private setting for free. Visit www.bshcare.com/long-term-care.html to learn more about the different types of life care contracts that BSH Care offers.