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, since no one knows if a "Life Happens" situation such as a significant accident or stroke will occur tomorrow it's so important to have "key family protection"© Why? When a change in health happens and assistance with day to day activities is needed having a guaranteed pool of funds available to pay for professional assistance provides value.
The important question when thinking about this 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, which will grow into a significant amount in the future, means you - won't be a burden on family - can protect your savings nest egg - can be in control.

Learn more, about the many advantages of purchasing this very important protection on this Parker Agency site: www.LongTermCareIns-CT.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 and has extensive unbiased information on the need for Long Term Care insurance on the Connecticut Partnership for Long Term Care site.

Yes they are! Some reasons:

First - Over 85% of each premium dollar small employers pay goes for people's ever increasing medical treatment costs. This chart is a breakdown of how a dollar of premium is spent!

Note: In addition, to ever increasing medical treatment expenses medical insurance continues to go up because of things such as:

▪ 70% or more of medical treatment dollars can be connected to people's life style choices e.g. smoking, eating to many big burgers, etc.!

▪ MedicAID and MediCARE do not pay providers the full cost of people's medical treatment expenses! This results in providers shifting their unpaid costs to private medical insurance plans.

Second -inflation on medical treatments/procedures has been increasing much faster than normal inflation since 1988. A chart showing this can be seen here.

How much do various medical treatments cost? The average cost in the U.S. for various 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. Costs here in Connecticut are higher than these averages but these amounts are still insightful

If a person suddenly has a significant accident or unique illness they face a very large hospital bill. To avoid this highly possible situation the most effective approach is to transfer this big risk to a medical insurance company!.

▪ Work every day to get lots of good nutrition and avoid sugar. Be pro active, ask your MD lots of questions such as what other effective treatment options are available, which may have a lower cost. It's also very important to get opinions from other MDs before having an invasive procedure. Information in the resources section below may be useful in researching medical situations.

▪ Buying a Health Savings Account (HSA) is more economical than a traditional plan. Why? You are not paying extra premium just in case you have lots of routine expenses. You gain an extensive list of preventive treatment, which is covered at 100% with no cost to the individual. Being sure you receive all preventive check ups is an important part of taking care of yourself. Other MD visits, e.g. when not feeling well, are paid, using before tax dollars, with a debit card connected to a special bank based medical expense account.

▪ 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 provide extensive medical treatment information on this site. It's easy to use and authoritative.

▪ Herbal remedies and supplements are an important part of taking care of themselves for many people. They are useful and effective but at times can have harmful effects! Learn more about the safety and efficacy of 135 of the most popular supplements.

News about medical related benefits!

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