Lion's Share Senior Services
Planning for a happy and healthy retirement goes beyond just saving and investing; it requires you to navigate a progressively complex landscape and make informed decisions along the way. One of the most critical decisions you need to make is how you will pay for health care once you’ve left the workforce. If you have already left the workforce is how will you continue to pay for health care.
According to the U.S. Centers for Medicare and Medicaid Services, the U.S. spends approximately $3.5 trillion a year on health care, or nearly $11,000 per person. Overall spending rose 4.6% in 2017, faster than the pace of inflation or wage growth. As spending rises, patients are also shouldering a larger share of treatment costs—driving up out-of-pocket expenses. The elderly, who require the most care, often bear the brunt of the costs.
The cost of healthcare is a common concern for most Americans. Health care costs are the #1 financial concern for people in their 50s and 60s. A combination of quickly rising health insurance costs and the potential for increased medical needs as you age can make planning for healthcare in retirement complex, unpredictable, and therefore, worrisome.
Why Choose a Lion's Share Advisor
Both the financial system and the healthcare system are unnecessarily complex and hard to understand. But if you want to keep your family and yourself healthy and financially secure, dealing with them is a necessary task.
A Lion's Share financial advisor has a powerful tool that no other wealth management or financial advisor has which is the Lion's Share Quadrant System. It can show you what retirement will be for you and your family, cash flow, and much more. Your advisor can help you save enough for projected medical expenses and assess your needs for long-term care coverage. If you are already retired a Lion's Share financial advisor can utilize the Quadrant System to put you in a better position to mitigate medical costs.
Your wealth management plans should determine what insurance coverage is right for you. At Lion's Share our goal is to align your coverage.
We help you prepare for retirement your way, whether that means spending time traveling the world or spending time with your grandchildren.
A long-term care insurance policy can help cover the costs associated with long-term care.
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