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Byham’s Insurance Services Inc provides a vast choice of retirement plans for individuals and business. Our client-oriented approach to business will provide your company with the best fit based on size and objectives.
Plans we offer:
- Individual Retirement Accounts (I.R.A)
- 457
- Rollover I.R.A’s
- Single 401(k)
- Roth I.R.A.’s
- Defined Benefit Plans
- 401 (k)
- Profit Sharing Plans
Long Term Care
“What is Long Term Care?” (LTC)
Long-term care is the type of care received in the comfort of your home or nursing facility for help with daily living activities. The need for this care can be due to accident, illness or simply advancing in age.
“What does Long-Term Care insurance cover?”
LTC Insurance usually pays for Skilled, Intermediate or Custodial care in a nursing home. It can also cover professional health care provided in your home. LTC may also pay for a variety of home and community-based care services such as therapy (physical, speech and occupational), home health aides and visiting nurses, adult day care and hospice care. Generally, benefits are paid when you are unable to handle some of the normal activities of daily living. You can also receive benefits if you suffer a cognitive impairment such as Alzheimer’s.
“Why do I need Long-Term Care?”
Due to the aging of the Baby Boom Generation, there will be a tsunami of elder care need crashing into the United States. Many believe Medicare and Medicaid will provide needed care. The truth is Medicare provides limited benefits. Medicaid provides benefit to low income and low asset individuals. Forty six percent of people over the age of 60 will need some type of assistance with the activities of daily living. The choices are simple to meet this financial need:
- Pay from personal assets
- Have Long Term Care Insurance
“Why do people buy LTC Insurance?”
- To avoid physical and financial dependence on family
- To help preserve hard earned assets
- To help maintain choice on how and where to receive care
- To help ensure high quality care, at an affordable price
We would be happy to provide you with a no cost evaluation to help you decide if Long Term Care insurance fits in your long-range goals.
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