Financial Advisors

The life expectancy of the average American is on the rise. Unfortunately, this means the chances of needing long-term health care due to an illness or a chronic health issue is also increasing. Long term health care can be very expensive, and is getting more expensive every year - giving us all the goal of trying to off set these costs. Long-term care insurance is an effective way of working towards achieving this goal. Thereby helping to protect your financial future and of those you love from this unexpected health care cost.

A recent article on long-term care revealed that 65 percent of the current population who are 65 and older will require some form of long-term care at home, and 35 percent will need nursing home care¹. With the average stay in a nursing home spanning three years, and the average annual cost for a private room at more than $70,000², your savings could deplete quickly.

Now add this alarming fact: Other types of insurance may not cover your long-term care expenses. The reality is that without long-term care insurance, your retirement savings or other assets would have to cover your potential long-term health costs.

H&R Block Financial Advisors may be able to help you understand and choose long-term care insurance for your life and the lives of those you care about. We'll show you how to help prevent these types of unexpected costs from threatening your financial security. Explore the common questions below regarding long-term care.

• What is the definition of long-term care, and what forms exist?



• How might I reduce the premium cost of long-term care insurance?



• Do government programs and private insurance offer sufficient long-term care coverage?

To find out more about long-term care insurance, or to speak with an H&R Block financial advisor, call 1-866-295-7912. Your advisor can schedule a complimentary long-term care insurance review that could help you identify coverage to help meet your needs