Welcome to Hybrid LTC Solutions

Today’s reality is not whether you will need Long Term Care (LTC), but rather when it will be needed.  According to HHS* statistics, 70% of those over the age 65 will need LTC services during their lifetime.

The unknown cost of health care is among the most significant risks to any well-funded retirement plan. Future retirees face the possibility of an extended health event that will require costly care over a long period of time. The risk is a source of anxiety for many, yet few have taken the appropriate steps to understand the potential ways to fund this sizable liability.

In order to determine the appropriate method for funding an LTC plan, it’s necessary to know some of the basic facts. Historically, insurance carriers have stumbled in designing employee benefit products to address this risk, either withdrawing their plans from new sales, increasing premiums or cutting benefits to existing participants. Individual products have also suffered from similar issues, coupled with complex and rigorous medical requirements. As a result, many professionals and highly paid executives ignored the risk or informally self-funded. The Hybrid Professional LTC Plan addresses these issues.

*Dept of Health and Human Services https://www.hhs.gov/aging/long-term-care/index.html