Long-Term Care Self Insurance  

Nobody wants to think about the possibility of needing long-term care. But if, somewhere down the line, you and/or your spouse do need assistance, will you have the funds available to pay for care? How much will an extended stay in a nursing facility or care received in your own home cost? Will you be able to meet this cost and still pay your and/or your spouse’s personal living expenses? Will there be enough left over to provide an inheritance for your loved ones or your favorite charity? Does it make sense to self-insure when private long-term care coverage is available? This calculator will assist you in answering these questions.

     

What is your current age?

At what age do you want to assume that you begin to use long-term-care services?

What inflation rate for long-term-care services do you wish to assume?

%

What is the current daily cost of a nursing/long-term care facility in your area?
(The current average daily nursing home cost nationwide is $206 according to the 2011 Field Guide, National Underwriter, but in some areas of the country, and/or for a private room at a high-quality facility, the daily amount can easily exceed $300.)

$
 
   
   
PAUL NOLAN CPA
14931 Laguna Drive • Fort Myers, FL • 33908-2164
Phone: 239-454-2820 • Fax: 239-454-2821
• paulnolan@email.com

Paul F. Nolan is a registered representative licensed to transact busines with clients in Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, New York, Ohio, Oregon, Tennessee, and Vermont, and advisory licensed in Connecticut, Florida, Georgia, Illinois, Maryland, New York, Ohio, Oregon, Tennessee, and Vermont. He is also insurance licensed in Florida. The Paul Nolan CPA Firm is not a registered broker/dealer or independent investment advisory firm. David E. Barron is a registered representative licensed in Florida only, and does not hold advisory or insurance licenses. If you are not a resident of one of the states noted above, all investment-related information on this site is for informational purposes and does not constitute a solicitation or offer to sell securities or insurance services over the internet.

Securities offered through H. D. Vest Investment Services SM. Member SIPC. Advisory services offered through H. D. Vest Advisory Services SM.

Investments & insurance products are not insured by the FDIC or any federal government agency,  are not deposits of or guaranteed by the bank or any bank affiliate, and may lose value.