Long Term Care
The last thing many of us want is to be a burden on our loved ones as we grow older.
The possibility of needing long-term care is something that we all must face as we enter our twilight years, and this type of care doesn’t come cheap. The cost of living in an assisted care facility can range anywhere from $30,000 to $70,000 a year or more. For many people, Medicaid or Medicare will not pay the full amount.
A long-term care benefit provides the insured with the funds to pay for necessary long-term assisted care.
To learn more about long-term care insurance, we suggest you discuss options with a financial professional, and visit the TRS website:
You may enroll in this benefit during open enrollment by contacting Genworth at 866.659.1970.