Long Term Care Planning

Gain a thorough understanding of long-term care (LTC) risks, associated costs, and available planning options

Provide a detailed overview of the spend-down process in Florida, explaining how individuals may need to deplete assets to qualify for Medicaid or other forms of assistance. Explore various long-term care insurance plans, including traditional policies, hybrid options, and self-insurance strategies. Additionally, assess the anticipated risks, such as the likelihood of needing LTC, the potential for rising healthcare costs, and the impact of chronic conditions. This planning should take into account both the financial and emotional aspects of LTC, with the goal of creating a strategy that addresses potential needs while minimizing financial strain.