LONG-TERM CARE

Top 5 Reasons You Need Long-Term Care Protection

  1. The odds say so. About 70% of people turning 65 will need some type of long-term care, per the Administration for Community Living (ACL.gov). We insure homes against fires that almost never happen — this risk is the opposite.
  2. Medicare won't pay for most of it. Medicare covers short-term skilled care, not the ongoing custodial help that makes up most long-term care (Medicare.gov).
  3. The costs can consume a retirement. Care in Texas commonly runs $5,000–6,500 a month (industry estimates, Genworth/CareScout survey). Multiply by the average multi-year need and the math threatens even solid nest eggs.
  4. Your family is the default plan. Without coverage, care usually falls to spouses and adult daughters — at real cost to their health, careers, and savings.
  5. Protection buys choices. Coverage lets you choose home care over a facility, quality over necessity, and keeps decisions in your hands rather than Medicaid's.

The sweet spot for exploring coverage is your 50s to early 60s, while good health keeps premiums reasonable and every option open. Traditional policies, hybrid life+LTC designs, and worksite programs each fit different situations. Questions? I've been helping Texas families and businesses understand their coverage in plain English since 1993 — no pressure, just education. Angela Hankins, CLTC • Hankins Insurance Services • 713-498-6800 • TxHealth.net Sources: ACL.gov; Medicare.gov; Genworth/CareScout Cost of Care Survey. Estimates vary; benefits depend on policy terms. This article is for educational purposes only and is not financial, legal, or medical advice. Coverage features and eligibility vary by policy and program.