Joan Sarver Buth| (949) 702-0352
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Your Care Funding Specialist
Finding Care and Funding Care
Managing how we age and understanding later life care can often be surprising for seniors, as well as for their families. Now more than ever, seniors are increasingly involved in their own health and wellness, and they have more choices in how they receive care— either within the home or within a care community that best fits their needs.
Where it gets complicated is in navigating those choices and it can be confusing for families. This is especially true when they learn the true costs of care and then try to figure out how to pay for it now, and over time.
It can be hard for everyone to deal with change and finding the right situation can be challenging, as well as stressful.
Funding the Care. For as Long as They Live.
Fortunately, there are solutions to optimize the resources you or your loved one may have.
Assets may be optimized to ensure care is available for as long as your loved one lives. You can rest easy and avoid worrying about running out of funds and disruptions to care.
Get a Sense of Emotional and Financial Security
ABOUT
Joan Sarver Buth
I’m a Care Funding Specialist.
Seniors have spent their entire lives saving and sacrificing to provide for their families. They deserve the best care they can afford when they can no longer care for themselves.
Most individuals have saved over decades, but have not saved enough to cover their long term care. Many also wish to leave behind an inheritance for their loved ones. Even those who invested in long-term care (LTC) insurance encounter obstacles, as comprehensive, lifelong coverage is often financially out of reach.
You may have found a place for your loved one, and now the challenge is to pay for care as long as your loved one lives. I provide a service to help families faced with the funding decisions. I optimize the funding plan that you may have developed and see if there are areas for improvement.
Let’s set up a time to go over your loved one’s unique situation.
Many People Have Concerns About Running Out of Money
Example
• Annual cost of care: $65,000
• Income from pension and SS: $20,000
• Annual Care Gap: $45,000
Funds to cover care gap:
• $350,000 in savings
• $295,000 from sale of home
Repositioning Assets to Pay for Care
Annual Care Shortfall
$45,000
MyICP
rate
$121,275
Savings after MyICP purchase
$228,725
Most Competitive SPIA Plan Rate
$253,931
MyICP Savings over SPIA rate
$132,656
Financial Worries That Have Been Addressed
- MylCP will guarantee $45,000 per year in additional income until his death, completely covering expense gap.
- By choosing the fully underwritten MylCP, more than $132,000 savings in premium over the best SPIA rate in the market.
- 228,725 in savings retained that can be used for increased care costs, and/or leaving legacy to heirs.
Personal Satisfaction and Peace of Mind
- Peace of mind knowing that $295,000 from sale of home can be left as legacy to heirs.
- Loved ones can rest easy and No longer have to worry about compromising care because of limited funds, or, even worse, running out of funds altogether.
- Care is paid for, no matter how long it may be needed.
- Maximum out of pocket care expense is capped at $121,275 without depleting his assets.
Not Everyone Planned Ahead for Care Needs
Are YOU a Power of Attorney for a loved one either looking for or currently receiving Care?
- Are you unsure that you are using assets in the best possible way?
- Are you afraid to use funds now, even though Care is needed, to protect your assets for future needs?
- Do you have Long Term Care Insurance and still have a shortfall in income to cover expenses?
- Do you understand any Long-Term Care Policies that are in place?
- Are all Family members in agreement on how best to help your loved one get care?
If you have answered yes to any of these questions... then you are not alone!
HERE TO HELP.
It's what we do.
- We can help you address the problem facing adults in Later Life --how best to pay for cost of Care.
- We can help you cap your outlay for Care and related expenses.
- We can help provide a sense of Financial and Emotional security.
- We believe that no-one should ever have to face the fear of running out money when paying for a loved one’s Care.
- We can help you address the problem facing adults in Later Life --how best to pay for cost of Care.
- We can help you understand - Long Term Care Policies, Social Security questions, Medicare, Medicaid, Property Sales, Invested Assets, Immediate Care Plans, VA Benefits, Life Settlements and so much more.
Serving the great state of Arizona
2024 Buth Financial
Joan Sarver Buth | (949) 702-0352
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