Long Term Care insurance is an effective employee benefit and for individuals

The Employee Benefit Research Institute says it best:
"Having adequate Long Term Care insurance is the single most influential determinant of whether an individual will have a financially secure retirement."

We all dream about living as comfortable as possible. However, in case you suddenly need assistance with your day to day activities it is so important to have what we call "key family protection"© Why? No one knows if a significant accident or a stroke will happen since "Life Happens" situations can occur tomorrow or later in life when our human frailties become real. Thus, having a benefit plan, which is guaranteed to be available, with a pool of funds to pay for professional assistance is very important.
The important question to think about is not will something happen but where will the money come from to pay the big expenses of on going help if something does happen?
The answer - buying this special family protection called Long Term Care insurance means you won't be a burden on family and can protect your savings nest egg.

Learn more, about the many advantages of purchasing this very important protection on this Parker Agency site: www.LongTermCareInsuranceConnecticut.com

Learn about the special advantages employers can gain by establishing a Long Term Care insurance benefit.

The state of Connecticut says Long Term Care insurance is important. In fact you can find extensive unbiased information on the need for Long Term Care insurance on the Connecticut Partnership for Long Term Care site.

Yes they are! Here are a couple reasons:

First - Over 85% of each premium dollar is used to pay the ever expanding cost of the medical treatment people are receiving. It's important to understand, as shown in this chart, how a premium dollar is spent .

Note: A big reason medical insurance costs are so high today - 70% or more of medical treatment dollars can be connected to conditions resulting from life style choices e.g. smoking, to many big burgers, etc.!.

Second -a chart showing how medical treatment costs have increased much faster than inflation since 1988 can be seen here.

If a person suddenly has a significant accident or unique illness the financial risk can be significant. Thus, the most effective way to solve the problem, of having a very very large hospital bill, is to transfer this big risk to a medical insurance company!

How much does treatment cost? The average cost for various medical treatments is shown in this informative chart, on the Life and Health Insurance Foundation for Education's (L.I.F.E.) health insurance cost page. Cost will be higher here in Connecticut but these amounts are still insightful.

▪ Work every day to get lots of exercise and good nutrition. Be pro active, ask your MD lots of questions, and do research when discussing a medical situation. Ask what other lower cost, but just as effective, treatment options are available. It's also very important to get opinions from other MDs before having an invasive procedure.

▪ Buy a Health Savings Account (HSA). It's economical since the premium for the major cost situation insurance part of a HSA is lower plus it's a very effective approach. Many HSA plans cover extensive preventive treatment at 100% and no cost to you.

▪ Insights from experts on effective treatment for various medical conditions can be seen here. A First Aid Guide on handling medical emergencies is also included.

▪ The National Library of Medicine, the National Institutes of Health, and other organizations developed this site to provide extensive medical treatment information. It's easy to use and authoritative.

▪ Herbal remedies and supplements are increasingly popular treatments for medical conditions, Many people find them useful and effective. But at times they can also have harmful effects! Learn more about the safety and efficacy of 135 of the most popular supplements.

Link here for about medical related benefits!

How medical insurance works, where we are today, and some changes being discussed can be seen in these three informative programs. An avatar guides you through the sessions.

John C Parker, RHU, LTCP is licensed to conduct business in CT (644135) and RI (1058420) and does not solicit or sell in other states.

Parker Agency
47 Laurel Hill Drive, Niantic, CT 06357-1536
Phone: 860.662.3000