NEWS BRIEF - JULY 2021
Forethought is defined as careful consideration of what will be necessary or may happen in the future. This News Brief is about forethought. Ways to help kids get ahead. Plans for emergencies. And long-term care expense planning.

Yes, we still hear the main excuses:
  1. I'll never need it.
  2. My wife will take care of me.
  3. That's what kids are for.

But more and more we talk with clients who are prudently planning for long-term care expenses. Today, the cost of an average event is thought to cost about $250,000 per person. A bit of foresight and planning can bring peace of mind, preserve standard of living and allow kids to follow their dreams.
Have you heard of the Wish Act? It is the latest piece of proposed legislation addressing long-term care.
We rounded up our favorite links on helping kids read and truly being prepared for an emergency - physical or financial!
How prepared are you for long-term care? Use this quiz to assess where you are and what you need to plan for.
There are just three funding options to pay for long-term care, which one are you planning to use?
Did You Know?

Medicaid is a state/federal welfare program funded through tax revenues. In most states Medicaid will fund long-term care in a skilled nursing facility. In some states Medicaid will also pay for home care or care in an assisted living facility. Medicaid is means-tested. To qualify financially for Medicaid, an applicant must meet government asset and income requirements.
Nicole Gurley, CLTC
Gurley Long-Term Care Insurance
480.515.2715