Tailored to Your Needs
Long-Term Care
Long-term care is a crucial consideration for individuals and families alike. It involves the assistance needed over an extended period to manage chronic conditions or to compensate for limited functional abilities. At The Jones Group, we understand the significance of planning for long-term care and offer comprehensive insurance services tailored to your unique needs.
Why Long-Term Care Matters
The need for long-term care can affect anyone, and the risks are substantial. Consider these statistics:
- High Risk: Almost 1 in 4 middle-aged adults between 45 and 64 years old faced limitations in activities due to chronic conditions in 1994.
- Widespread Need: A 2005 study revealed that a staggering 69% of individuals reaching the age of 65 will require some form of long-term care during their lifetime.
Additionally, the cost of long-term care in Connecticut is steep and continually rising. As of today, the statewide average cost for a semi-private room in a nursing facility exceeds $151,000 per year, with an annual increase of approximately 5.1% since 1988. The last five years have seen an average cost inflation rate of 2.4%. With the average duration of stay in a nursing facility standing at 2 ½ years, the total cost of an average stay surpasses $375,000.
Understanding Medicare and Medicaid
It’s essential to recognize that Medicare provides only limited coverage for nursing facility expenses. Medicaid, on the other hand, often necessitates individuals to deplete nearly all their assets before qualifying for assistance. The rules governing asset transfers for Medicaid eligibility are strict and continually tightening. Consequently, approximately one in three individuals entering Connecticut nursing facilities as private payers eventually spend down their assets to qualify for Medicaid.
Taking Control of Your Long-Term Care Risk
While the risk of needing long-term care is real and the financial implications significant, there are ways to manage this risk. The Jones Group specializes in crafting personalized risk management solutions to protect your future and assets.
We encourage you to contact us today for a thorough analysis of your unique circumstances.
Our experienced team will work closely with you to design a long-term care insurance plan that ensures you’re prepared for any eventuality. With our guidance, you can take control of your long-term care needs and secure peace of mind for yourself and your loved ones.
Don’t wait until it’s too late, let us help you safeguard your future.
Why Choose The Jones Group
Expertise
Our team has in-depth knowledge of Medicare and the insurance landscape nationally.
Customized Solutions
We can tailor insurance plans to your specific needs budget. We'll get you covered.
Transparency
We provide clear, and honest information to help you make informed decisions.
Ongoing Assistance
Our support doesn't end when you enroll. We're here for you throughout your insurance journey.
What Our Clients Are Saying
Bill PuroAccomplished all business. All forms filled out quickly. All concerns addressed.
Ethan MorganThe people at the Jones group are extremely knowledgable, helpful, and friendly. When navigating something as complex as choosing an option for medicare, these are the folks you want on your side!
Timothy MillerMy grandparents recently had the pleasure of working with The Jones Group to navigate the complexity of choosing a Medicare plan, and the experience was nothing short of remarkable. The Jones Group truly stands out in their expertise and the personalized service they provide to older adults looking for healthcare. I highly recommend The Jones Group to anyone.
Xhesi MorenaEveryone at the Jones group is super knowledgeable and helpful!
Connor Jones
anne alden
Christine SmallI would highly recommend Karin Chellstorp she was extremely helpful helping us navigate through the Medicare process.
Debra PrisyonKarin was so helpful when my mother was ill and we were trying to figure out her Medicare coverage. She is so knowledgeable and was very kind and supportive during a very stressful time. I highly recommend.
Stephen GarrettWorking with Karin has made the whole Medicare process easy for me and I am grateful for her knowledge about the system. She has helped me with all of my decisions and I appreciate the assistance.
Peter BigelowThe Jones Group team was a pleasure to work with.
Ready to Talk? Contact Us When You're Ready.
Don’t leave your Medicare coverage to chance. Contact Jones Group Insurance today to schedule a consultation. We’ll work closely with you to ensure you have the right Medicare insurance that gives you peace of mind about your healthcare coverage.
Get started on the path to a worry-free healthcare future with us today.
