Americans increasingly have a basic understanding of Long-Term Care and its costs, but most are ill-prepared to pay for their own care if they need it.

A recent study by The American Association for Long-Term Care Insurance found three-quarters of adults recognize that one year of care in a nursing home can be more expensive than four years in college.  The study also found that few adults over age 50 have a plan in place should they or a spouse require long-term care at home or in a skilled facility.

To call attention to the importance of awareness and planning for Long-Term Care, even the U.S. Congress has urged "the people of the United States to recognize (this) is an opportunity to learn more about the potential risks and costs...and the options available."

"Americans are living longer lives, and that makes Long-Term Care awareness vitally important," according to Werner Maiwald, Financial planner at The Gaudreau Group.  "We are committed to creating awareness and educating more people not only this month, but as an ongoing service to our clients."

The federal government now offers tax incentives to encourage individuals to initiate a Long-Term Care plan, Werner explains.  "For example, certain small business owners may be able to fully deduct the cost of protection that can pay for future Long-Term Care."

For additional information on Long-Term Care planning options or a no-obligation cost quote for Long-Term Care Insurance, call Werner Maiwald at (413)543-3534, or click here to email Werner.