Long-Term Care

Seminar Planned this Fall

What is long-term care? How much might it cost you when the time comes? Will Medicare and Medicaid be applicable? Is long-term care insurance right for you?

Wendy Kester

This fall, Paducah Bank investment advisor, Wendy Kester, will host an informational seminar to answer these questions and more with regard to long term care.

“Most of us work long and hard to build assets which will serve us after retirement,” Wendy commented. “One out of every two Americans will need long-term care at some point during their lifetime. In fact, you are more likely to need long-term care than to lose your house to a fire or have an automobile accident. People almost never go without homeowner’s insurance or car insurance. Why would you go without long-term care insurance?”

The issue of long-term care is heating up for several reasons. Government programs such as Medicare and Medicaid are struggling with funding. Cuts in spending are getting deeper while qualifying for benefits is becoming more restrictive. The population is aging rapidly. Nearly 76 million baby boomers will turn 65 in 2011. And, advances in medical technology have allowed us to live longer.

“The longer you wait to plan for your long-term care needs, the more risk you are taking,” Wendy adds. You could develop a condition that is uninsurable. You could have a stroke or other unexpected health problem. Long term care costs today already exceed $50,000 per year and are expected to triple in 20 years.

Learn more about these issues and other related topics at Paducah Bank’s Long-Term Care Seminar on November 5 at 11:30 a.m. at the Lone Oak Banking Center of Paducah Bank. For more information, call Wendy Kester at 575.6630.