Make better decisions by knowing your options.
For awhile, skilled care. This is where Medicare and TRICARE For Life usually pay. But once the crisis and benefit limits are over, custodial (long-term) care is usually needed. For many, families come to the rescue.
This may NOT be the case for those in the military, however. Why military families are unique
Because military careers keep families on the move — your children may have followed in your footsteps — sons and daughters may be willing, but far away.
And they may have their own obligations: to their military service and their families.
Should you transfer your risks?
Yes, you can find help outside of family. And you can pay for your own care. Some members do. However, you need to know your financial risks.
Even if you or a loved one has a modest need for help at home, the costs are substantial. For example, for a visit from a home health aide three times
a week, you would have to pay almost $20,000 a year.2 Start here with
An important service for MOAA members
your FREE kit Clearly, there are many, many factors to consider.
This is why MOAA offers this free planning kit to its members.
When you call or mail the attached reply card, you will get a Long-Term Care Planning Kit, personalized to your area.
Then, as a special courtesy of your membership in MOAA, a licensed Long-Term Care Resources Network Specialist will call to discuss your specific situation in order to provide quotes, developed and tailored to your needs or the needs of your spouse, parents or parents-in-law.
As with every MOAA member benefit, there is no risk or obligation, and you are never pressured to buy.
1 2
Take Control and Request Your Kit Today
www.longtermcare.gov, viewed 1/4/2017.
Genworth 2016 Cost of Care Survey,
www.genworth.com 80227 (4/17) Copyright 2017 Mercer LLC. All rights reserved.
WHAT CAN GO WRONG? Waiting too long
Premiums are based on age. The longer you wait, the more you’ll pay. Also, health can change quickly. A diagnosis of diabetes, heart disease or other serious conditions can put a policy out of reach … at any price.
Believing you are already covered
Medicare and TRICARE For Life (TFL) limit what they will pay. Also, if in-home or nursing home care is considered custodial (requiring unskilled care), neither Medicare nor TFL usually cover any of the costs.
Assuming it’s too expensive
Many excellent plans can be designed for varying budgets.
Choosing to self-insure
Many members can easily afford their own care. Yet many choose to transfer the financial risk, to keep their cash available for other purposes. If you would like to explore self-insurance, call us. We can run calculations to help you look at your options.
Assuming you don’t need it
Seven out of every ten of us will need help at some point.1
That’s why now — before
you or a loved one needs it — is the time to consider what could happen versus what you want to happen. Once health issues develop, your options narrow.
Get Your FREE Personal Planning Kit Today
No risk or obligation
YOURS FREE. Mail the card attached, visit
www.moaaltc.com or call
1-800-698-7943 (ask for priority code 080227-1-1-1).
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