WCFBCU Offers Long Term Care Planning

We are pleased to make available to our members long term care insurance. Like most adults, you have probably given some thought to how you or your parents will cover expenses should you need long term care in the future.

However, if you are counting on Medicare or Medicaid to cover the potentially devastating cost of long term care for you or your parents, you should probably reconsider. Medicare covers some long term care, but is very limited. Medicaid requires that you "spend down" your assets. While Medicaid requirements may vary by state, you must virtually deplete your savings before you can qualify.

Long term care plans offer you continued independence and peace of mind because it helps you afford the care you need. Most people prefer family members or charities inherit the valuables they have spent their lifetime collecting. A long term care plan may allow you to pay nursing home bills with insurance funds, while keeping your estate intact for others' use.

If you would like more information on long term care, call LTPC at .

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