A recent NBC Miami article highlights a major concern for anyone relying on long-term care insurance: the potential for significant premium increases, sometimes even doubling or more. These unexpected costs can be devastating, leaving South Florida families scrambling to afford the care their loved ones need.
As a financial advisor specializing in senior care planning, the article's author, CFP Marguerita Cheng, shares her own experience with her parents' policies and offers advice. However, some families might need even more tailored solutions. That's where Golden Companions can help.
Why Families Should Care About Long-Term Care Insurance
Medicare Limitations: Long-term care addresses what Medicare often doesn't, like in-home assistance with daily living, assisted living, or nursing home costs.
South Florida's Costs: Care expenses in our region are often higher than the national average, making insurance even more crucial.
Peace of Mind: Knowing your loved one has access to quality care, even if their needs change, provides invaluable peace of mind.
What to Do When Premiums Skyrocket
The article offers excellent options, but here's how Golden Companions can play a role:
Reduce the Need for Extensive Care: Our caregivers aren't just about tasks; they provide:
Companionship, crucial for delaying cognitive decline
Assistance with meal prep, errands, and tasks that promote independence
Medication reminders and support that helps seniors stay healthier longer
Family Caregiver Support: Premium hikes hit hardest when families are the sole care providers. Our respite care prevents burnout and ensures family caregivers can continue to provide support without compromising their own health.
Bridging the Gaps: When insurance offers only a partial solution, we help:
Finding programs to supplement their benefits.
Navigating South Florida-specific resources they might qualify for.
Personalizing care plans to get the most value within their budget.
We Understand - Our Founder Faced the Same Challenges
Golden Companions was founded out of a deep understanding of the struggles families face when caring for aging loved ones. Our services are designed to work alongside the coverage you have, filling the gaps to ensure care is both sustainable and the best quality possible.
Don't Let Cost Ruin Your Plans – We Have Solutions
Miami families deserve better than being forced to choose between their loved one's needs and their own financial well-being. Let's explore options together.
Contact us for a FREE consultation to discuss YOUR unique situation:
Phone: (305) 239-7483
Email: info@golden-companions.com
Let us help you make informed decisions that protect both your loved one and your own financial security!
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