• From the Desk Of

  • Check here for updates that may be of interest.


    Dear Friends and Clients

    We are living through some very challenging times, and we at LTC Advisors want to do everything to help you stay safe and healthy.  Having said that we also recognize that an unprecedented number of people are turning 65 in 2021 and they will want help to find answers for their Medicare questions.

    In order to be of service, we are offering to conduct appointments remotely if you would like to stay at home and avoid coming to the office.  It would involve you being online so we can share our computers with you and, on the phone, so we can have the same robust discussion we would have in the office.

    If you do not have a computer, we would agree to meet in the office with the assurance that we are constantly disinfecting every surface that has been touched.  Also, with the building closed you will minimize the risk of meeting other people.  However, we do advise that a remote appointment would be better for all.

    In addition to remote appointments, we are back to in-person appointments as well. You can call and reserve a time now: 407-949-6722.

    Please let us know what we can do to help you and please reach out with any questions.


    Your hidden retirement risk: long-term care

    You have spent years carefully working and planning so that you have enough income for a comfortable retirement. You may think your retirement savings are protected — but, have you ever considered what might happen if you or your spouse required long-term care?

    The cost of long-term care services, whether they are provided in the home, at a community facility or in a nursing home, may not be covered under major medical plans or Medicare, and can be a threat to your retirement savings. Planning for long-term care can help you manage this risk and help give you more choices and more control over the care you receive.

    Benefits of talking about long-term care

    Nobody wants to think about losing their independence and having to rely on others for care. But, talking about, and planning for, long-term care is important because there is a good chance you will need long-term care services as some point in your life. In fact, about 70 percent of people over age 65 will require some care at some point in their lives, and the likelihood of needing care increases as you age, according to the U.S. Department of Health and Human Services.

    And, while long-term care is often associated with the effects of aging, it may be needed at any time, due to an accident or illness. Some conditions that might require long-term care include stroke, cancer and Alzheimer’s disease or dementia.

    Talking about long-term care is also important because the cost of long-term care services often exceeds what the average person can pay from income and other resources, particularly in retirement. Consider this: The projected national average cost for five years of long-term care 30 years from now is over $1.9 million, according to the John Hancock Insurance Long-Term Care Calculator.

    Keep in mind that your retirement may be significantly longer than that of your parents and grandparents. If you’re a married couple and each of you is age 60, there is an 89% probability that one of you will live until age 85, according to the Society of Actuaries. As you get older, your health care expenses are likely to increase. In fact, according to the Employer Benefit Research Institute, a 65-year-old couple would need $265,000 in savings to have a 90 percent chance of meeting healthcare costs in retirement, according to the Employee Benefit Research Institute. And, that doesn’t even include the potential costs of long-term care.

    Paying for long-term care

    A common misconception is that Medicare or Medicaid will pay for all expenses. The reality is, Medicare does not pay for assisted living facilities, continuing care retirement communities or adult day services. Medicare does provide limited coverage for nursing home care or home health care under certain conditions such as rehabilitation after a hospital stay. For the most part, the costs of long-term care will be your responsibility.

    One alternative to paying these expenses out of your own pocket is long-term care insurance. By paying an annual premium, perhaps from your investment earnings, you can transfer the risk to an insurance company and help protect your assets from long-term care costs. Long-term care insurance can also help you maintain your independence and give you the freedom to choose the type of care you want.

    Here is a checklist of questions to think about if you are considering long-term care insurance:

    • How much protection (daily benefit) does the policy provide?
    • Does the policy contain inflation protection?
    • How many years of institutionalization are included?
    • Is custodial care (assistance with basic day activities either in your home or a nursing home) covered?
    • Is home care covered?
    • Does the policy have restrictive provisions on pre-existing conditions?
    • Is the right to renew the policy guaranteed for life?
    • How financially sound is the company offering the policy?
    • What are the monthly/annual costs versus cash flow and investments?

    If you’re not sure whether long-term care insurance is right for you, talk to us at LTCA. We can help you understand and explore your options for offsetting the risks that long-term care might present to your retirement.


    One Senior Place will be re-opening for limited public offerings – see One Senior Place page. In addition, if you need to meet with one of our agents, we can schedule a face-to-face appointment or a virtual one. Please call now if you have any questions: 407-949-6722. We are following all ACHA guidelines to keep you safe.

    Seating limited; registration required 407-949-6733.
    Masks are required and screening protocols are in place for all visitors to One Senior Place. Please visit www.OneSeniorPlace.com/COVIDprotocol for details.