Long-Term Care Self Insurance  

Nobody wants to think about the possibility of needing long-term care. But if, somewhere down the line, you and/or your spouse do need assistance, will you have the funds available to pay for care? How much will an extended stay in a nursing facility or care received in your own home cost? Will you be able to meet this cost and still pay your and/or your spouse’s personal living expenses? Will there be enough left over to provide an inheritance for your loved ones or your favorite charity? Does it make sense to self-insure when private long-term care coverage is available? This calculator will assist you in answering these questions.

     

What is your current age?

At what age do you want to assume that you begin to use long-term-care services?

What inflation rate for long-term-care services do you wish to assume?

%

What is the current daily cost of a nursing/long-term care facility in your area?
(The current average daily nursing home cost nationwide is $206 according to the 2011 Field Guide, National Underwriter, but in some areas of the country, and/or for a private room at a high-quality facility, the daily amount can easily exceed $300.)

$
 
   
   
LS Ross CPA's & Financial Services
3590 Cherokee Street Ste. 403
 • Kennesaw, GA • 30144
Phone: (770) 792 2233- Kennesaw
(770) 270 5550 - Atlanta
 • Fax: (770) 792 2243- Kennesaw
(770) 270 0798- Atlanta
• Taxes@lsrosscpa.com

 

 

* These services are offered by Richard Ross and Jennifer Dorward through their affiliation with HD Vest Investment Services SM,  Richard Ross  is also affiliated with H.D. Vest Advisory Services SM.
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency. Are not deposits of or guaranteed by the bank of any bank affiliate.

Richard Ross and Jennifer Dorward are registered representatives registered to transact business with clients in Georgia. Richard is also registered in Kentucky, North Carolina, Indiana, Arkansas and Florida and he is advisory licensed in Georgia. Richard Ross and Jennifer Dorward are insurance agents licensed in Georgia. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.

Securities offered through HD Vest Investment ServicesSM, Member: SIPC,
Advisory services are offered through H.D. Vest Advisory ServicesSM,
6333 North State Highway 161, Fourth Floor, Irving, Texas 75038, (972) 870-6000
 
Investments & Insurance Products: Are not insured by the FDIC or any federal government agency are not deposits of or guaranteed by the bank or any bank affiliate may lose value

LS Ross CPA's & Financial Services is not a registered broker/dealer or independent investment advisory firm.