Philadelphia PA Estate Planning Blog

Wednesday, January 22, 2014

Price of Long-Term Care Drops

In 2014, the price of long-term care is apparently dropping, at least if you are a 55 year old male according to a recent report, explained by Elder planning is very important, as costs of nursing homes, assisted living facilities, CCRC's and home health care continue to rise at a higher rate than inflation. 

Prices of long-term care insurance will vary from state to state and depend upon many factors, including age, health, etc. 

There are also other alternatives to traditional long-term care insurance, such as Life Insurance with Accelerated Death Benefits (also known as long-term care riders).

Elder planning and long-term care planning are both an essential part of a good estate plan.

For more information, read the article here

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The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning matters in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem, Plymouth Meeting, Furlong, Philadelphia County, Bucks County and Montgomery County.

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