Long Term Care Insurance
Protecting What’s Most Important
Hello! I’m Meredith
Insurance Agent Licensed in Your State
I’m Meredith Pensack and since 2003 I’ve helped over two thousand people protect their retirement portfolio as well as their families. I specialize in LTC insurance solutions, including hybrid options that combine either life insurance or an annuity. This is my passion and I look forward to helping you, too.
“Being Well Informed” Podcast
“Just Shoot Me Is Not a Plan.”
I was honored to sit down with Joy Loverde, author of “Who Will Take Care of Me When I’m Old?” Take a listen for some insightful tips about planning for your future.
Why Long Term Care Insurance?
We’ve juggled career and family. We carry health insurance for when we get sick. We insure our homes against fire and other damage. We insure our cars against accidents that result in injuries or repairs. We have life insurance to help our families carry on. We’ve put aside as much money as we can in 401(k)s, IRAs, and other plans to provide for a comfortable retirement.
But our planning, as good as it seems, may be incomplete.
A possible gap, which has the potential to deplete years of planning and saving, occurs in the area of long term care. Health insurance pays for medical expenses, doctors and hospital stays. But as we grow older – and survive previously life-threatening illnesses and conditions – the chances grow that we will require long term care beyond what health insurance will cover.
We think, and rightfully so, that we will care for our loved ones, and they will care for us. But it’s also fair to think that well-meaning caregivers can get in over their heads and require paid help. Maybe home health aides can provide sufficient help to supplement the family’s care. Maybe skilled care will be needed, at home or in a facility. Regardless of the extent of care and where the care is administered, the costs most likely will be higher than expected.
Long term care insurance can help ease this worry.
So the issue of long term care planning is about preparation – are you ready?
Getting Started is Easy
Frequently Asked Questions
What is Long Term Care?
Long term care is the type of care you may need if you have a prolonged physical illness, disability or cognitive impairment (such as Alzheimer’s disease) that keeps you from living independently. These limitations may prevent you from carrying out basic self-care tasks – such as bathing, dressing, or eating – called Activities of Daily Living (ADLs). >> Read More
What is a Hybrid?
Hybrid life/LTC insurance combines the benefits of life insurance with long term care benefits. There are also hybrid annuity/LTC policy options that combine an annuity with long term care protection.
Click here to read more about hybrid long term care policies.
Types of Long Term Care
What Does Care Cost in the U.S.?
What About Medicare and Medicaid?
Long Term Care Insurance: Weighing the Options
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