The cost of long-term care

Long-term care is unpredictable – you don’t know exactly when you’ll need it, why or what kind of care you’ll require. Take steps now to protect yourself, your loved ones and your legacy from the unexpected.

Why do I need long-term care protection?

• With healthy lifestyles and advances in medical care, retirees are living longer than ever before—which also means more years of health related expenses. Lincoln may help you protect your retirement from unexpected costs that could arise from a long-term care event.
• Medicare generally covers a portion of skilled nursing costs up to 100 days, but it doesn’t cover all costs associated with an unexpected healthcare event. View our what care costs map.
• A long-term care event can have both a financial and lifestyle impact on the entire family. At one time you may have assumed that family and friends would take care of you or that your savings would cover the expenses. Now, however, with both the cost of care and life expectancies on the rise, a new approach is needed. 

• “I’ve already set aside enough for long-term care. Why do I need to plan for long-term care?”Long-term care costs are difficult to project and may be higher than you planned for; Medicare is limited to what it covers if an unexpected healthcare event happens.
     
• A life insurance or hybrid long-term care policy financially prepares you for long-term care costs, while also offering unique advantages (such as health expense reimbursements, tax benefits, death benefit).