Who will take care of you when you get older? Long-term care includes the support and services you might need for activities of daily living or severe cognitive impairments, whether in your home or a facility.
With longer life expectancies, rising health care costs and budget-constrained government programs, it is more important than ever to think about your future long-term care needs. No doubt you have already taken steps to protect your financial well-being in the event of accidents. You may have life and health insurance, as well as insurance for your home and car. These are practical approaches to transferring some of the risk of unexpected expenses away from you and your loved ones.
Who Needs Long-Term Care?
You may need long-term care at any point in your life if you:
➤Have a chronic condition that limits your daily activities
➤Are seriously injured or have a temporary or permanent disability
➤Develop a cognitive impairment that causes memory loss or confusion
➤Become weak or frail as a result of old age
➤70% of those over age 65 will need long-term care at some point in their lives
➤40% of all long-term care is provided to persons under age 65
Long-term care insurance helps cover the costs of long-term care. It doesn’t replace what families do; it builds on your existing infrastructure of support so caregivers can provide better care for a longer period of time. In short, long-term care insurance can help you maintain your lifestyle, protect your assets and savings, and give you the options necessary to receive quality care and services. Attend one of AAA Minneapolis’s long-term care workshops to hear the latest options on long-term care planning and to learn about new partnership programs now available in Minnesota. (Guy Milbert is Senior Care Product Specialist at AAA Minneapolis Insurance.)
FREE 90-minute Educational Workshops
Sept. 17, 2013 | 9:30 – 11:00 a.m.
Sept. 18, 2013 | 1:30 – 3:00 p.m. or 6:15 – 7:45 p.m.
Sept. 24, 2013 | 6:15 – 7:45 p.m.
Location: AAA Minneapolis Headquarters
5400 Auto Club Way (Lower Level)
St. Louis Park, MN 55416
RSVP by September 16, 2013
How to Register: Call (952) 927-2583 or visit AAA.com and click “Insurance,” then “Workshops and Registration.”
Refreshments will be served. Seating is limited.