LTC Planning: The Landscape and Key Facts

HAPPY NEW YEAR — AND A NEW FOCUS ON LTC PLANNING

As we begin 2023, long-term care planning has never been more important. The combination of rising care costs, state-level mandates gaining momentum, and an aging population makes this the ideal time to review your LTC coverage.

THE LTC LANDSCAPE IN 2023

Washington State's landmark long-term care mandate has served as a wake-up call for many Americans. Several states — including California — are actively studying similar programs. The California Long Term Care Task Force continues its work under AB 567, with a mandate program on the horizon.

KEY FACTS FOR 2023

• A private room in a skilled nursing facility now costs up to $15,000/month in major metro areas
• Alzheimer's and dementia cases continue to rise, with care needs often lasting 8’20 years
• 70% of people turning 65 will need some form of long-term care
• The cost of self-insuring doubles in higher tax brackets

OUR COMMITMENT TO YOU

In 2023, we remain committed to providing complimentary, expert LTC policy reviews. Our CPA background allows us to look at your LTC needs in the context of your full financial picture — something most insurance brokers simply cannot offer.

TO LEARN MORE

Contact Bert Payne
(925) 708-6501
[email protected]