E.J. Reppen & Associates, Inc.
E.J. Reppen & Associates, Inc.

Long Term Care Insurance

Anyone who has had a friend or relative in an assisted living facility or nursing home knows how expensive it can be. An assisted living facility usually costs between $3,000 and $4,000 per month. Nursing homes cost between $6,000 and $7,000 per month.


While not everyone will qualify and/or be able to afford LTC Insurance, there are a host of alternative ways that people cover all or a portion of their long term care expenses, such as: Private pay out-of-pocket from your investments or pension income, reverse mortgages, Medicare Supplement policies, Medicare, Medi-Cal.  Keep in mind there is not one method of paying for long term care that is foolproof, therefore a variety of resources may be used.


CalPERS has the least expensive LTC insurance program that they cancelled but are once again offering it, so you should contact them as a first pit stop if you a government employee. However, if you are not a government employee you will need to pursue a combination of other alternatives.


Securities and investment advisory services offered through GWN Securities, Inc., a Registered Broker/Dealer and Investment Advisor.  Member FINRA & SIPC. www.finra.org www.sipc.org 11440 N. JogRoad, Palm Beach Gardens, FL., 33418, (561) 472-2700
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