Caring for the daily needs of a loved one is one of the most selfless acts of love we can offer. It can also be one of the most taxing on family relationships and finances. Having the ability to see into the future and better prepare for such situations would certainly help. But the next best way to prepare is to secure this type of policy years before any such illness has surfaced. By doing so, the coverage is less expensive and will last longer when necessary.
Long Term Care can range from daily assistance in the home with meals, medication and daily activities to full medical care in a rehabilitation center, or hospital. With the latter associated costs can reach upwards of $75,000 per year, which is simply impossible for most Americans. The overall cost increase in this area continues to trend 5% per year with no signs of stopping.
Sydney IS has been helping clients to better design the care they would want if a debilitating illness, accident or injury should occur.