George Leamon is originally from Binghamton, New York. He began his insurance career in 1976, and opened his own agency in Naples in 1984. George has been very active in Rotary International for 28 years and is a past president. It is my goal to give you the latest and most accurate information in regards to long term healthcare for you or any members of your family.
Tuesday, May 26, 2015
What age is the best age to start long-term care planning?
I like to say the sweet spot is between age 52 and 64 ... but keep reading. First, yes, the sweet spot is generally between your mid-50s and mid-60s. I like to say start before age 64 because once you qualify for Medicare, chances are you will take advantage of all the free preventive health exams they provide. Those exams are great. But, if your doctor finds a condition, it could prevent you from health qualifying for long-term care insurance no matter how much you are willing to pay. And, while most long term care insurance claims start at older ages, don't forget that younger people get illnesses in their 40s and 50s like MS and Parkinson's that can require the need for years of care. Just something to think about.