Firm's Unique Approach to Long-Term Care Planning

Long-Term Care Advisors, LLC takes a unique approach to long-term care planning.  Every situation is independently analyzed to provide the clients with the best alternatives for their particular situation, whether that be Medicaid planning, eldercare plannng, insurance planning or, more likely,  a combination of two or more of the above.  A central emphasis in all three areas is tax planning, and Mr. Blase employs his extensive tax background to help guide clients to the best and most cost-efficient techniques which will protect them should a long-term care need ever arise.

Most people who are at or nearing retirement have done a good job of saving in their 401k plans and IRAs.  By this time most clients have also developed a significant equity in their homes or have even possibly paid off their home mortgages.  Teamed with social security, Medicare and, if lucky, some pension, most people are therefore typically well on their way to preparing for what one might term “normal” retirement living and health care expenses.  

With the ever-rising annual cost of nursing or in-home home care approaching $100,000 or more, covering the expenditures associated with an untimely stroke, onslaught of Alzheimer’s,  or other developing physical or mental disability, is obviously a much different story.  As a consequence of the demise of the company pension plan for most people in this and younger age groups, combined with the fact that people are obviously living longer than ever, most working people are ill-prepared, financially, for the ever-increasing likelihood of significant long-term care expenses, especially married couples where the chance for the need arising obviously increases.

According to the U.S. Department of Health and Human Services, about 70 percent of individuals over age 65 will require at least some type of long-term care services during their lifetimes. Over 40 percent will need care in a nursing home for some period.  And those who live in the Midwest are more at risk of having to transition to a care facility than in other parts of the country. [Estimates of the Risk of Long-Term Care: Assisted Living Facilities and Nursing Home Facilities,” U.S. Department of Health and Human Services, July 8, 2003]

What We Do

At Long-Term Care Advisors, LLC we examine all potential avenues for providing for individuals' long-term care, especially for clients approaching or already at retirement who are not participants in a corporate pension plan (which typically pays significant monthly benefits for life).  In addition to Medicaid planning, eldercare planning and insurance planning, Long-Term Care Advisors, LLC examines various avenues for tax leveraging the clients' existing financial situation to provide for their long-term care needs at the lowest possible after-tax cost.

The firm's planning includes strategies to protect assets in the event in-home care or care in a nursing home may be needed in the future.

CONTACT Us Today!

Please contact us anytime for a free initial consultation with Mr. Blase to explain how all of the above-described elements fit together! We look forward to hearing from you.