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Long Term Care Seminar to Examine Options, Realities of Paying for Extended Medical Needs
As average lifespans grow, long term care added to retirement planning needs for Americans
A free May 22 “Long Term Care Seminar” at Jannsen + Company (http://www.jannsen.com)
The average lifespan of Americans has grown 30 years in the past century, creating a new need to plan for the health and financial realities of older age. Many people will require long term care if they become sick or injured, or physically or mentally incapacitated. Medicare and other health plans rarely pay for extended care in a nursing home or assisted living facility, or for in-home care by a health aide.
“The unanticipated costs of long term care can quickly drain even the most well-crafted retirement portfolio,” said Terry Jannsen, CPA, CFP®, and President of Jannsen + Company. “Planning ahead for long term care helps ensure that medical needs will not create a financial crisis and, as a result, people will not become a burden on their families.”
The seminar will be co-presented by Jane Shevey, CLTC, of R&R Insurance. Long term care insurance is one option to pay for medical costs that can quickly accumulate with extended care.
The average cost for a private nursing home room in Milwaukee exceeds $100,000 annually. Even if a person does not need a nursing facility, many extended care situations require skilled attention not covered by private insurance or Medicare. The seminar will address many of the gaps common to public and private insurance plans, and how long term care insurance plans should be evaluated.
The May 22 seminar is free, but reservations are requested. Interested attendees should call Darlene at (262) 513-9292, or e-mail wealthmanagement@
Founded in 1975, Jannsen + Company is a full-service certified public accounting and business resources firm with more than 30 professionals and employees. Besides a full range of CPA and payroll processing services, Jannsen + Company advises businesses on information technology, human resources and wealth management. Securities offered through 1st Global Capital Corp., Member FINRA,/ SIPC. Investment Advisory Services offered through 1st Global Advisors, Inc.