Invest In a Life Lived Better

While wealth and affluence can be created in a single generation, sustaining legacies take longer. I help my clients develop comprehensive plans to preserve their lifestyles, and preserve their financial and social capital during their pre-retirement, retirement, and senior years.

The Retiree Missing Link No One Tells You About

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

There are a range of services and support 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.

Most people will need living assistance or support care in their lifetime, and if you are unprepared to manage these expenses, the financial impact can be devastating. 

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

THE COSTS

What if I have to go into a nursing home? 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 ($105,850 annually).

Question:  If traditional health insurance and Medicare does not pay for this, where will the money come from? 

It will have to come from you.

But I'd rather be cared for at home you say.  Health care services are now often provided in the home. Types of services received at home include nursing services, home health aid services such as bathing and dressing, physical therapy, occupational therapy, speech therapy, respiratory therapy, nutritional services, medical services, social services, and medical supplies or equipment services provided in the home. 

Most often, the cost of in-home care is charged by the hour, and has a wide range of potential figures. In 2025, the median cost of in-home care services was about $26 per hour, estimating about 44 hours of care per week totaling about $4,500 per month ($54,000 per year).

According to the Genworth Cost of Care Survey. 

Without adequate insurance coverage, costs associated with your care can deplete your savings and retirement nest egg, along with your family's inheritance.

We can help you transfer these future costs to the insurance company and save your family the nightmare of having to pay for those expensive years out of pocket.

GET THE BEST OPTION FOR INSURING YOUR COMFORT CARE BEFORE IT IS TOO LATE.

Patrick T. Davis & Associates

Family Wealth Conservation

Since 2004

Member of The National Association of Professional Agents

NPN: 7137980   GA LIC: 620653

Phone: (404) 729-3438

State of Georgia