![]() The Trustee Custodian for the Personal Investment Accounts is Mid Atlantic Trust Company. Target retirement funds are not guaranteed and may gain or lose value now and after their target date. Target retirement funds invest in a mix of stock and bond funds that steadily become more conservative as they approach their target date. The prospectus contains this and other information about the investment company. We advise you to read it carefully and consider the fund’s investment objectives, risks, charges, and expenses carefully before investing. Before investing in any mutual fund, call WEA Member Benefits at 1-80 to request a prospectus. Future performance may be lower or higher than past performance. Past performance is no guarantee for future results. ![]() Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. The Trustee Custodian for the WEA Member Benefits IRA accounts is Newport Trust Company. If you choose to invest in the WEA Tax Sheltered Annuity or WEA Member Benefits IRA program, fees will apply. Securities offered through WEA Investment Services, Inc, member FINRA. Check the background of this firm and our investment professionals on FINRA’s BrokerCheck. TSA and IRA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA. The 403(b) retirement program is offered by the WEA TSA Trust. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action. Certain recommendations or guidelines may not be appropriate for everyone. This website is for informational purposes only and is not intended to constitute individualized investment, legal, financial, or tax advice. Sign up for a free consultation (opens in Calendly) to explore your long-term care needs or call 1-80. LTCi policies can be tailored to cover varying circumstances. Explore your options with Eileen. Medicaid covers some long-term care costs, such as nursing home care and limited in-home care services, but only for a person who meets income and asset limits as well as medical criteria ( Family Caregiver Alliance). Keep in mind that ordinary health insurance policies and Medicare usually do not pay for long-term care expenses. Those with insurance accept the help and this significantly reduces the stress on the primary caregiver.” “I have had so many clients that are not willing to get the help they need because they are afraid of spending their money. But they were very willing to accept any help they could get because it was covered. They now needed to increase the amount of care required. The wife had fallen and hurt her leg, leaving her unable to care for her husband. She said, ‘I thought he needed to be much worse off before the insurance would pay.’Īs we were getting this plan in place, I received a call. She said they did and when I explained that the insurance will cover this type of care, I immediately saw the relief in her face. I asked if they had long-term care insurance. She was concerned about how much it would cost and was reluctant to accept help. “The plan of care was to have an aide come in three times a week to help him shower and help her with household chores. “They have three children but they are unable to help as one lives in France, one in California, and one is a long-distance truck driver. She was getting run down and knew she needed assistance. She also did all the shopping, cooking, laundry, and cleaning. The wife had been providing all his care including helping him into the shower and dressing him. He had serious back issues and had been in bed for most of the last four months. When I visited for the home care assessment, I found the husband was in poor condition. Eileen Dunn from Associates of Clifton Park shares one example of how LTCi can help reduce some of the stress that caregivers may bear.Įileen says, “I received a call from an attorney needing help with an elderly couple. Long-term care insurance (LTCi) can help ease the financial pressure involved in taking care of a loved one at home. While some aspects of caregiving may be rewarding, caregivers often experience a myriad of mental, physical, social, and financial stressors. This type of care is provided by family or friends rather than by paid caregivers. More than 1 in 5 adults-a total of 53 million adult Americans-are unpaid family caregivers, according to a 2020 report from AARP and the National Alliance for Caregiving. Long-term care insurance can help with the costs involved. Unpaid caregivers are the main source of long-term care provided in people’s homes. String(37) "caregiver_daughter_mother-480x305.jpg" String(37) "caregiver_daughter_mother-300x191.jpg" String(36) "caregiver_daughter_mother-150x95.jpg"
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