Step 2: Explore the various long-term care options and funding sources available to Connecticut residents

Step 2: Explore

Next, families should explore the various options available for long-term care. This involves addressing a pair of closely-related questions: What options are available for providing long term health care? and Where will the money come from to pay for these services?

What’s involved?
Asking questions is the best way to get started exploring available long term care options. Asking questions can identify areas of potential concern, as well as help you identify topics requiring more research. There are four categories of questions.

  • Family support and financial resources. What kind of family resources are available for providing long-term care independent of outside services? If outside assistance, or alternative living arrangements, are required, how much would it cost?
  • Government. What kinds of federal and state governmental assistance are currently available for long term care? What are the requirements of qualify? What are the repercussions of taking advantage of them?
  • Insurance. What provisions have you already taken for long-term care insurance? What programs are available? How much would a long term care insurance program cost that would protect the family in case long term care was needed? How much would it cost to maintain the family’s standard of living, and the integrity of the estate, if care was needed?

Questions to ask
Here are some more questions to ask as you explore the various options available to you.

  • What family care resources, including day-to-day decision making and transportation are available from family members living in the same area?

  • What kind of personal or family financial resources are available to pay for at-home or alternative residential long-term care, if needed?

  • How much of your post-retirement income is dependent on pension or retirement funds?
  • What types of federal and state governmental assistance are currently available for long term care

  • What additional long-term care financing insurance options are available?

More information, and additional questions, are available in our free Gathering Storm report.

Who can help?
Additional assistance is available from independent broker, like Paul Haas, Peter Haas, and Tim Haas from the Haas Agency. We specialize in long term care insurance for Connecticut residents. We can take the stress out of the exploration stage by providing you a framework, and a sounding board, for discussion and further research. We can help you explore your options and make sure you don’t inadvertently overlook some crucial information.

We enjoy specialized knowledge and industry certification. We are familiar with the many issues involved in long term care. We are intimately familiar with the long term care challenges facing Connecticut residents. Our assistance includes forms and worksheets which make it easy to consolidate important facts and figures into a single resource.

Questions or concerns?
Please feel free to contact us with any questions:

Glastonbury office
Paul Haas, (860) 659-1301
Peter Haas, (860) 659-1301

New Fairfield office
Tim Haas, (203) 746-5077

To learn more, please proceed to Step 3.