Long Term Care

For the last decade, financial planners, accountants and enrolled agents have invited Shari Mattingly-Bevan as a public speaker to present on the topics of long term care and risk management. Shari has a vast amount of experience in the area of long term care, both from personal experience with her family members and with her clients.


Is it really necessary to plan for long term care?:

What about relying on Medicare and/or Medicaid for long term care?

The financial reality is that the public cannot rely on government social programs such as Medicare and Medicaid to fund their long term care costs. First, these types of programs are limited in coverage.

Click the following link for Medicare and long term care information: http://www.medicare.gov/LongTermCare/Static/Home.asp

Second, the future solvency of Medicaid is in question and Medicaid beneficiaries must have limited assets to qualify. In addition, even if a client does qualify for Medicaid there is a mandatory recovery from the estate of the deceased beneficiary.

For additional information regarding Medicaid and long term care coverage, as well as qualifications:


What is the best plan for long term care that provides the greatest flexibility and best care options?

The best long term care planning necessarily involves private insurance, in addition to certain types of provisions in a client’s estate planning documents. This is true even for wealthy clients because of the leveraging effect of dollars used to pay premiums. Without a sound long term care plan in place, clients can find themselves and their spouses financially devastated if a chronic long term illness arises.

The navigation of policy features and different long term care contracts can be a daunting task for clients. Shari Mattingly-Bevan can streamline this process and adeptly assist clients because of her thirteen years of experience in the profession.

What are my long term care insurance needs?