REASONS TO SAVE:
Median Costs are Rising*
- Private Nursing Home Room
- Assisted Living Facility
- Home Health Aide Services
- Income Often Falls Short of Expenses
- $31,742 is the average income for people age 65+**
HOW TO PAY:
Plan Ahead to Lessen the Negative Impact*
Costs vary greatly by state-around $8,000 per year
to upwards of $100,000 per year; start
- MEDICARE + MEDICAID
Benefits may be available for home healthcare, but
only if certain conditions are met. Don’t assume
you’ll be covered.
Helps pay for care and protects assets up to the
amount of your policy. Evaluate coverage options
before you need it.
It’s never too early to start planning for your tomorrow, today. Contact your financial advisor to help you prepare.
Sources: *Genworth Cost of Care Survey 2014
** AARP Analysis of Census Data
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which course of action may be appropriate for you, consult your financial advisor. This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor. LPL Financial representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.This material has been prepared by LPL Financial. A registered investment advisor, member FINRA/SIPC. To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial is not an affiliate of and makes no representation with respect to such entity. Not FDIC or NCUA/NCUSIF Insured | No Bank or Credit Union Guarantee | May Lose Value Not Guaranteed by any Government Agency | Not a Bank/Credit Union Deposit © 2014 LPL Financial LLC. All Rights Reserved. The information contained herein has been prepared by and is proprietary to LPL Financial. It may be shared via social media in the exact form provided, in its entirety, with this copyright notice. MKT-0126-0814 LPL Tracking # 1-278921