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 $209 according to the 2009 Field Guide, Nation 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 $250.)

$
 
   
   
Harlan Miller and Associates
259 Regency Ridge Drive • Dayton, OH • 45459
Phone: 937-436-0400 • Fax: 937-436-7984
www.harlanmiller.com • hmiller@walnutstreet.com

The following links are provided strictly as a courtesy. When you link to any of these websites, you are leaving this site. Neither WSS or Harlan Miller and Associates - Regency Financial LLC make any representation as to the completeness or accuracy of information provided by these sites. WSS and Harlan Miller and Associates - Regency Financial LLC assume no liability for any direct or indirect technical or system issues or any consequences arising out of your access to, or use of, a third-party site. When you access one of these sites, you are leaving Harlan Miller and Associates - Regency Financial LLC’s website and assume total responsibility and risk for your use of the sites to which you link.

 

 

 

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Harlan V. Miller is a Registered Representative of Walnut Street Securities, Inc. (WSS) Securities offered through WSS, Member FINRA/SIPC. Harlan Miller & Associates and Regency Financial LLC are not subsidiaries or control affiliates of WSS. Securities activities are supervised from a WSS office located at 6200 Rockside Rd., Suite 100, Cleveland OH 44131 (888) 401-2980

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