Contrary to common misconceptions, the cost of long term care can be financially devastating as it is not covered by health insurance and is not covered by Medicare after 100 days.
Fountain Valley, CA (PRWEB) September 11, 2012
Orange County financial advising firm IWM Partners is hosting its monthly in-office workshop Wednesday September 26 from 6:30 to 8:00 p.m. about Planning for Your Long Term Care Needs. Stephen Morris of LPL Financial Insurance Associates will be presenting the workshop at IWM Partners’ Fountain Valley office to existing IWM Partners clients as well as anyone in the Orange County area who is interested in answering common questions related to long term care including: “What is long term care,” “What are the chances of needing long term care,” “What is the cost of long term care” and “Is long term care insurance right for me.”
The upcoming long term care workshop is part of IWM Partners’ goal to educate their clients and the community as a whole about how they can work toward their financial goals and prepare for their financial future.
Long term care is the type of assistance you would need if you were unable to handle some of the basic activities of daily living or if you require substantial supervision due to a cognitive impairment. Two out of three people over the age of 65 require long term care,* and the average length of long term care claims is 3.8 years.**
Additionally, 40 percent of Americans who need long-term care are between the age of 18 and 64,*** making it an important issue for all Orange County residents. Contrary to common misconceptions, the cost of long term care can be financially devastating as it is not covered by health insurance and is not covered by Medicare after 100 days.
IWM Partners hosts educational events in its Orange County office every month in an effort to inform the community about important topics such as social security, life insurance, Medicare, estate planning, financial planning in general and much more regarding planning for retirement in Orange County.
Visit IWMPartners.com to see the full workshop schedule, find up-to-date financial news articles, read weekly market commentary and find resources such as a mortgage loan calculator and a Roth IRA vs Traditional IRA Calculator.
About IWM Partners
With more than 40 years combined experience and working with a combined $100 million of brokerage and advisory assets through LPL Financial, our advisors have the necessary skills to help clients feel at ease while navigating these unpredictable financial times. From investment management and estate planning, to insurance and tax strategies, IWM Partners is a full service financial consulting firm in Orange County helping clients move comfortably into retirement. Learn more at IWMPartners.com.
The financial consultants at IWM Partners are registered representatives with and Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
- U.S. Department of Health and Human Services National Clearinghouse for Long Term Care Information website, May 2010
** Genworth Financial Claims Data, December 2009
*** Life and Health Insurance Foundation for Education, 2010