Long-Term Care Planning is Important.

The need for long-term care puts an enormous emotional and physical strain on your loved ones and family members. By planning ahead, you can help reduce their burden. Also, as you age, your health may change, which could make it difficult to get coverage. That’s why it’s important to start planning now while you have the most options. By allocating nothing for long-term care, you could be risking your retirement assets. With the help of your family and your financial professional, you can create a written plan that ensures care for yourself today and in the future.

Would private healthcare insurance, Medicare, or Medicaid cover these costs?

Healthcare insurance, including Medicare, pays for skilled or rehabilitative services only, and it doesn’t cover custodial care. Medicare may cover a portion of the first 100 days of care received at a nursing facility if specific program requirements are met. After the first 100 days, you’ll have to cover your own costs.

Medicaid is the joint federal and state welfare program for those with low incomes and limited financial resources. Eligibility restrictions, such as gifting money to loved ones, transferring assets into trusts, and creating promissory notes, make it increasingly difficult to qualify for this program.

For more information on Long-Term Care please refer to the guide brochure in the left resource panel.

For questions or coverage quotes, please reach out to VyStar Investment Services team.
Call: (904) 908-2495, or Toll Free at (800) 445-6289
Email: investmentservicessalessupport@vystarcu.org

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. VyStar Credit Union and VyStar Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using VyStar Investment Services and may also be employees of VyStar Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, VyStar Credit Union or VyStar Investment Services. Securities and insurance offered through LPL or its affiliates are: