Patrick T. Davis, CSA ®

Certified Senior Advisor (CSA®)

24 Years of Service

Licensed Insurance Agent for Georgia

NPN: 7137980   GA LIC: 620653

Phone: (404) 729-3438

Preserving Your Retirement Nest Egg

There's a missing piece to many retirement strategies today - how to manage the cost of future nursing or home health care expenses. 

There is a range of services and supports you may need to meet your future personal care needs.  Planning is critical, but many people are not sure what is covered by health insurance, and often are unsure about what is covered by Medicare.

An estimated 70% of people turning age 65 today will need living assistance or support care in their lifetime.  And if they are unprepared to manage these expenses, the financial impact can be devastating.  

Counting the Cost

Health insurance rarely pays for the cost of nursing home care, custodial, or home care, and Medicare usually doesn’t cover custodial or home care at all.

Without adequate insurance coverage, costs associated with your care can deplete your savings and retirement nest eggs.

National average costs of care include:

In Home Custodial Care.  Most often, the cost of in-home care is charged by the hour and has a wide range of potential figures. In 2020, the median cost of in-home care services was about $24 per hour.  Estimating about 44 hours of care per week per senior, people spent about $4,500 per month on in-home care, according to the Genworth Cost of Care Survey.

Assisted living: In an assisted living community, a resident has a private or semiprivate room and can live pretty much as they’d like. Care is available when needed, but it often doesn’t include medical support. Usually, assisted living communities are ideal for those who can live on their own but may need some support with housekeeping and other daily tasks. The median cost of assisted living in the U.S. is $4,300 per month, or $51,600 per year

Nursing homes: Nursing homes provide 24/7 care. They offer some of the highest levels of care available and typically cost a bit more than most other options. The median cost of a nursing home with a private room is $290 per day across the U.S. ($105,850 annually).

Protect Your Nest Egg, Insure

• The coverage is not difficult to get. 
• Most people qualify.  
• Just answer a few health questions.  
• No nurse will need to visit you.
• The cost is reasonable, and very cost effective.

GET THE BEST OPTION FOR INSURING YOUR COMFORT CARE.

Thank you for visiting.

Patrick T. Davis, CSA ®

Certified Senior Advisor (CSA®). 

24 Years of Service

NPN: 7137980   GA LIC: 620653

Call: (404) 729-3438

Georgia