Romeo Raabe
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Alzheimer’s is The 6th Leading Cause of Death in U.S.

More than 5 million Americans are living with the disease and that number only continues to grow.  It is also the only cause of death among the top 10 without a way to prevent, cure, or even slow its progress. 

The Alzheimer’s Association would like your donation to fund research, contribute at www.ALZ.org  However, be prepared to keep plenty of funds available to pay for care when a family member needs to pay for long term care due to Alzheimer’s or any of hundreds of other causes.  Today FOX News claimed $130,000 to $150,000 (in today’s dollars) for custodial care only in the state of Massachusetts.  Costs are a bit less in Wisconsin, but that is still a lot of money to keep liquid, per person, for care. 

The interest on the amount just one person would need to set aside for care, could fund LTC insurance for two people, and never spend that lump sum.  Keep your money, let the interest pay for LTC insurance.  Sounds simple enough, right?

Unfortunately most of us simply hope.  Hope it won’t happen to us.  Hope the government will pay for it (have you been watching the news about how deep in debt the government is?).  Hope our kids will take care of us.  Hope springs eternal, but it won’t pay a bill that can easily exceed $50,000 to $90,000 a year and go on for many years.  Who has that kind of money?

Insurance companies, that’s who.  You can get in on their paying the bill for you, for pennies on the dollar.  Think about your homeowners insurance – you pay a couple hundred dollars a year and they promise to rebuild your house if damaged by fire or tornado.  How many houses have been damaged in your neighborhood in the past 20 years?  That’s why its cheap.  According to the US Department of Health and Human Services, 70% of us will need Long Term Care.  That’s why LTC insurance is more expensive than your homeowners insurance.

If it is chosen properly, most people are surprised that is is much less than they thought.  That’s where I come in, I only work with the financing of Long Term Care.  Sometimes I look like a social worker, but that is becasue I know what happens when someone needs care.  How the lifestyle changes and many of the expenditures for fun things decrease dramatically.  Thus money now spent on fun things, travel, fishing, golf, etc., can be redirected to paying for LTC and less insurance may be needed. 

So, what if care is already needed.  I have solutions for that as well.  Not all of them will solve every problem, but even when already in care I can protect some of the savings for family. 

You can worry, you can ignore, you can hope, or you can investigate what you can do to help yourself.  The sooner you do that the less expensive the solutions are.  Call Romeo Raabe at 920 884-3030 or email him at www.TheLongTermCareGuy.com and start asking what you can do to protect yourself.

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The Long Term Care Guy