Long Term Care Insurance: Do You Really Need To Buy It Now?

Long Term Care Insurance: Do You Really Need To Buy It Now?

By Jeff D. Hackmeier LUTCF, CSA

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It’s a matter of a simple preposition.

Do you want your family members to care ABOUT you or FOR you?

As medical advances have improved our chances for longevity, the probability of requiring assistance with activities of daily living, such as bathing and dressing and even skilled nursing care has increased as well.

Statistically 70% of adults over the age of 65 will require some level of service at some time in their life. But when you may need services as well as for how long is an unknown. And the unknown is a huge risk. No matter how large your savings or how many family members are available to care for you, the financial costs and emotional toll of the unknown can be overwhelming and potentially unaffordable.

Long Term Care Insurance is one way of helping you pay for chronic care if you are no longer able to care for yourself due to illness, injury, disability or just aging. It generally covers services not provided by Medicare or your healthcare insurance provider such as a private duty aide or nurse, assisted living, adult day care, long term nursing home or memory care centers.

Buying Long Term Care Insurance is not an all or nothing decision. Most policies offer flexibility to meet your needs and budget. You can select a daily or monthly benefit amount, the deductible, inflation protections as well as optional riders. But the most common mistake is waiting too long. The longer you wait, the greater the likelihood that health issues may arise which increase costs and perhaps even disqualify you.

So when is the right time to purchase a policy? In a perfect world, there would be a magic number. Most people wait for the point at which they need care, in their 60s or even 70s. But life is unpredictable. For example, we have a client who purchased a policy at age 43 with an annual premium of $1800. Three years later she was severely injured in an automobile accident; so far her policy has paid 1.2 million in benefits over the past 12 years.

I am a firm believer in being proactive, encouraging clients to weigh the benefits versus the risks while thinking about where they plan to retire, in what setting they would prefer to receive care and what future medical expenses will they be able to pay out of pocket. Planning is crucial to selecting the best long term care policy.

And I do believe that sooner is better than later. And since we will all have to do it later, why not do it now, taking advantage of a special offer for Chamber members.

For a limited time, you and your extended family, including parents, in-laws, grandparents and adult children can benefit from a 10% chamber discount in addition to a 30% discount when two partners (aka spouses, domestic partners and roommates) are covered, or a 15% discount when only one partner is covered.

For more information, please visit http://www.hackmeierinsurance.com or call (305) 893-4488.

Free drink station on all summer caterings!

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Take your party to the next level by having The CrepeMaker there for all your catering needs. With your choice of 25 different crepes, drink stations and coffee stations and the ability to setup indoors or outdoors,  you name it we’ve got you covered.  Let us take the hassle out of making your next party, one to remember. Call us at 305-233-1113 or get a quote online now! If someone does not call you back or send you a package within 3 hours,  you can call or text our catering back up lines at either 305-726-5203 or 305-342-3360 and you will be attended to immediately. Also, ask about our other summer specials!
*Chef’s gratuity based on full package price
*Travel charges not discounted
*Must mention offer at booking
*Promotion starts July 1st and ends August 15th, 2015.
Bastille day Special!
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This July 14 commemorates the anniversary of the famous Bastille day. To honor that day CrepeMaker is offering something free with any catering unit ordered, but you have to cal in to find out! So call one of our catering lines now and get your next party started! 

Complimentary appetizers for your event with purchase of The CALLING wine at Smith & Wollensky

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Book Your Event And Enjoy Our Summer Wine & Appetizer Pairing. 
Host your summer event at Smith & Wollensky and your group can enjoy new wine and appetizer pairings featuring The CALLING wine. With every order of two glasses of The CALLING wine, you’ll enjoy a complimentary Rib Eye Carpaccio or Tuna Tartare appetizer.*  This premium wine pairing is available all season for private events as well as a la carte lunch, dinner or at the bar. Ask your location’s Private Event Manager for customized menu packages featuring The CALLING wine.
Iconic Locations, Distinctive Private Event Spaces.
Our well-appointed private event spaces are as distinctive as our locations – with an array of indoor and outdoor spaces to accommodate large or intimate occasions. You’ll find unique and upscale settings fit for weddings, cocktail receptions, meetings, seated dinners or luncheons.
View The Private Event Spaces And Packages At Your Location.
Get In Touch To Learn About Our Summer Event Booking Offers.

LAST MINUTE SUMMER SPECIAL

Feel the Summer Breeze

Book your Summer 2015 event with us and cool off
with 50% off our bar packages!

Ask us About Our Bar Packages

Briza on the Bay

Briza on the Bay sits on prime waterfront real estate, offering patrons spectacular views of Biscayne Bay to one side and Downtown Miami’s striking skyline to the other.While Overlooking the Breathtaking Splendor of Miami’s most Beautiful Waterway, Briza provides an unforgettable outdoor and indoor event space for a memorable waterside celebration, an elegant cocktail reception or spectacular moonlit dinner by the bay.

The right setting and a professional staff can make all the difference when creating a dream event. In our fully customizable space overlooking Biscayne Bay, any vision can be fully realized, from an elegant sit-down dinner to an intimate party you’ll remember forever. All of our staff and resources collaborate to make your event unique, and perfect.

Art, Film, Wine & Food TONIGHT!

WIFF and KROMA present an evening of
ART, FILM, WINE AND FOOD
Membership Drive/Fundraiser
at
KROMA GALLERY
Friday, June 26, 2015
6:30-10:30pm
3670 Grand Avenue, Miami 33133

Join WIFF and Kroma Art Gallery for a special evening of Art, Film, Wine, Delectable hors d’oeuvres and see internationally acclaimed and renowned storyteller Baba Adekemi Lyons, African Drumming, Dance and More!

 WIFF returns for its second Miami Film Month event and kicks off its summer membership drive with the presentation of the film “Nzinga: Queen of Angola” based on the true story of the famous African Queen from the 17th Century.

Also, this is your last chance to see Kroma’s fabulous exhibition entitled, “From the Door of No Return to the Door of Return. Meet and greet the artists and hear from the Curator Dr. Edmund Abaka from the University of Miami

All are welcome!

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WIFF $45 Membership Benefits include:
Free Monthly Movies,
Exclusive Member only events,
Advance ticket sales to events,
Discounted tickets to special events,
WIFF T-Shirt and
More!

Get your tickets now

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Get your tickets here

Membership Benefits include:  Free Monthly Movies, Exclusive Member only events, Advance ticket sales to events, discounted tickets to special events, WIFF T-Shirt and More!

THE FORGE

Your Spaceship Superstar! Join us this Friday Night June 26, 2015 from 6pm until late night for Veuve Clicquot Happy Hour at The Forge. Special Complimentary Cocktail before 9pm when you say the secret password “Chanel ” to The Bartender and you will receive one complimentary “COCO” at The Forge Bar by Mixolgist Justin Maas from 6pm to 9pm Music Maxwell Blandford {Oui Savage} spinning vintage disco, nu disco and iconic pop of the decades along with soon to be classic tracks. Live shows by Project F. $50 Bottles of Veuve Clicquot $7 Belvedere Cocktails developed by Mixologist Justin Maas Complimentary Hors D’oeuvres at The Forge Bar by Chef Christopher Lee. For Dinner Reservations and information telephone 305 538 8533