Limited and Extended Care Planning Collective

As an insurance professional, you know that helping clients navigate their healthcare options involves creating complete solutions that protect both their health and their finances. While Original Medicare and Medicare Advantage plans offer essential medical coverage, many clients remain vulnerable to recovery and custodial care costs. That’s where short-term care insurance (STC) comes in.

By pairing STC policies with Original Medicare and Medicare Advantage plans, agents can fill crucial coverage gaps, strengthen client relationships, and create new income opportunities. Let’s explore how this strategy works and see it in action through a real-life case study.

NAIFA’s Lifetime Healthcare Center is presenting “The Peak 65 Series: Impact Day for Lifetime Healthcare,” a one-day virtual event, November 19, beginning at 11 am eastern. It features a dozen 20-minute TED Talk-like presentations covering timely topics on the financial implications of longevity and aging. Presenters include recognized thought leaders offering insights on long-term care, disability income, hybrid insurance products, Medicare, federal and state legislative and regulatory considerations, and more.

Join Dan Mangus, VP of Growth and Development at Senior Marketing Specialists, for an Advisor Today webinar on Wednesday, January 25 at 12 pm eastern. In "Buying or Selling an Agency - A Focus on Medicare," Dan will guide you through the ins and outs of buying or selling an agency, and the top things you need to know when it comes to Medicare.

Three Compelling Reasons Why Planning for Care is in Your Client's Best Interest:

• Impact on loved ones
• Lifestyle
• Financial Security

Having a plan for long-term care can help ensure that clients: don’t overburden loved ones; maintain their lifestyle, for themselves and their partner; and maintain future financial security.

As an advisor to individuals on Medicare or advising a caregiver to someone on Medicare, you require accurate information. One of the best reference tools for you to share with them is Medicare publications. They are easy to access on Medicare.gov and available on a variety of topics. Here are a few that I find outstanding.