Long-Term Care Services & Solutions


Planning for a long term care event and understanding and managing the risks of long term care are critically important for Baby Boomers. According to the U.S. Department of Health and Human Services, 70% of people over the age of 65 will require some form of long term care. Statistics show that 7 out of 10 Baby Boomers will have to deal with a long term care issue. Those odds are worse than the flip of a coin.

In this episode of Baby Boomers in America, Bill Jones, president of MedAmerica Insurance Company, discusses the risk of needing long term care and the high cost of that care. He also provides insight as to how and when one should plan for this risk.

"There are only three options when it comes to managing the financial risk of needing long term care," Jones emphasized. "They include: self-funding, where the individual assumes all expenses for their care; Medicaid, or transferring the risk to an insurance company. Thinking that this will never happen to you is not an option. What people need to recognize is that a long term care event can happen to anyone, at any time, at any age," he said.

MedAmerica Insurance Company continually strives to raise awareness about the long term care issue. "This is not just about selling long term care insurance," says Jones. "We firmly believe we have an obligation to reach out and educate as many people as possible about the need to plan for their future long term care needs. If we can be a catalyst for helping people secure and strengthen their financial wellbeing, then we are truly getting to the heart and soul of our business."