People today are more active than ever before.  We play harder and we live longer. Serious injuries outside the workplace and long-term healthcare needs are becoming more common, yet planning for a disabling injury or illness is often overlooked.  Accidents can cause financial devastation to working families with little protection. Income protection from a disability is essential until assets have grown enough to provide lasting income. Nearly two thirds of all bankruptcies filed in the United States are a direct result of overwhelming medical expenses even though 79% of those who filed for bankruptcy protection had medical insurance in place when they were diagnosed and treated.

It is estimated that 70% of people over 65 will require some long-term care services in their lifetime and 50% of us will end up in a nursing home.  With nursing home costs averaging over $9000.00 per month, it doesn’t take long to wipe out a lifetime of savings. Home healthcare services can be even more costly.  

The Long-Term Care industry is constantly changing.  Healthcare coverage is complicated with differences in Medicare, Supplemental Plans, and Long-Term Care coverage, along with Federal and State funded benefit programs ever changing.  At Packard Advisory Services, we understand the elder care journey. We know what services are available, what is covered, and what new and sensible products are available to best cover your future needs.  Knowing you are properly covered is essential to a worry-free retirement.