| QUOTES from
the
Masters... |
| On Patience |
On Persistence |
| "Patience
is a bitter plant that produces sweet fruit." -- Charles Swindoll
"Wisely
and slow; they stumble that run fast." -- William
Shakespeare
"Americans
are incredibly impatient. Someone once said that the shortest period
of time in America is the time between when the light turns green and when
you hear the first horn honk." -- Jim
Rohn
"Unreasonable
haste is the direct road to error." -- Jean
Baptiste Moliere
|
"When
you get in a tight place and everything goes against you, till it seems
as though you could not hold on a minute longer, never give up then, for
that is just the place and time that the tide will turn." --
Harriet Beecher Stowe
"When
you come to the end of your rope, tie a knot and hang on." --
Franklin D. Roosevelt
"Persistence
takes a focus that doesn't see the obstacles but only sees the opportunity..."
-– Doug Firebaugh
"Your
most valuable asset can be your willingness to persist longer than anyone
else." -– Brian Tracy
|
 |
Need for Long-Term Care Insurance |
|
|
Separating FICTION
from FACT
Few people are
prepared to handle the financial burden of long-term health care.
In fact, many
people have a false sense of security when it comes to long-term care.
|
FICTION
|
FACT
|
|
“Medicare
and my Medicare supplement policy will cover it.”
|
In
fact, Medicare and “Medigap” insurance were never intended
to pay for ongoing,
long-term care:
- Only
about 12% of nursing home costs are paid by Medicare, for short-term
skilled
nursing home care following hospitalization.
(Source: AHIP, A Guide to Long-Term Care Insurance, 2004)
- Medicare
and most health insurance plans, including Medicare supplement
policies, do not pay for long-term custodial care. (Source:
Medicare & You 2011, Centers for Medicare & Medicaid Services)
|
|
“It
won’t
happen to me.”
|
- About
one-third of individuals turning 65 in 2010 will need at least three
months of nursing home care, 24% more than a year, and 9% more than
five years. (Source: What Is the Distribution of Lifetime Health
Care Costs from Age 65?, Center for Retirement Research at Boston
College, March 2010)
- Women
have a longer life expectancy than men…about 71% of nursing home
residents are women. (Source: CDC Vital and Health Statistics,
Series 13, No. 167, June 2009)
|
|
“I
can afford it.”
|
- As
a national average, a year in a nursing home is currently estimated to
cost $83,585. In some areas, it can easily cost $100,000 or
more! (Source: 2010 MetLife Market Survey of Nursing Home,
Assisted Living, Adult Day Services, and Home Care Costs)
- The
average length of a nursing home stay is 835 days. (Source:
CDC Vital and Health Statistics, Series 13, No. 167, June 2009)
- The
average
cost of an assisted living facility in the U.S. was $39,516 per year in
2010. (Source: 2010 MetLife Market Survey of Nursing Home, Assisted
Living, Adult Day Services, and Home Care Costs)
- Home
health care is less expensive, but it still adds up. Bringing an
aide into your home for 20 hours a week easily can cost $1,800 each
month, or $21,000 a year. (Source: 2010 MetLife Market Survey of
Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs)
|
|
“If I
can’t afford it, I’ll go on Medicaid.”
|
Medicaid,
or welfare assistance, has many “strings” attached and is
only available
to people who meet federal poverty guidelines. |
Whether
purchased
for yourself, your spouse or for an aging parent, long-term care
insurance
can help protect assets accumulated over a lifetime from the ravages of
long-term care costs. Please contact my office if you're
interested in discussing possible long-term care funding solutions.
In thinking about our Fall Seminar Schedule, we may be offering a session specifically geared towards Medicare Facts & Fictions. If this is something you are interested in, please let us know now so we can get you on our interested pre-registration list.
|
|
| MESSAGES
from
the Masters... |
TODAY IS YESTERDAY'S TOMORROW by Jim Rohn
The problem with waiting until tomorrow is that when it finally
arrives, it is called today. Today is yesterday's tomorrow. The
question is what did we do with its opportunity? All too often we will
waste tomorrow as we wasted yesterday, and as we are wasting today. All
that could have been accomplished can easily elude us, despite our
intentions, until we inevitably discover that the things that might
have been have slipped from our embrace a single, unused day at a time.
Each of us must pause frequently to remind ourselves that the clock is
ticking. The same clock that began to tick from the moment we drew our
first breath will also someday cease.
Time is the great equalizer of all mankind. It has taken away the best
and the worst of us without regard for either. Time offers opportunity
but demands a sense of urgency.
When the game of life is finally over, there is no second chance to
correct our errors. The clock that is ticking away the moments of our
lives does not care about winners and losers. It does not care about
who succeeds or who fails. It does not care about excuses, fairness or
equality. The only essential issue is how we played the game.
Regardless of a person's current age, there is a sense of urgency that
should drive them into action now - this very moment. We should be
constantly aware of the value of each and every moment of our lives -
moments that seem so insignificant that their loss often goes unnoticed.
We still have all the time we need. We still have lots of chances
- lots of opportunities - lots of years to show what we can do. For
most of us, there will be a tomorrow, a next week, a next month, and a
next year. But unless we develop a sense of urgency, those brief
windows of time will be sadly wasted, as were the weeks and months and
years before them. There isn't an endless supply!
So as you think of your dreams and goals of your future tomorrows,
begin today to take those very important first steps to making them all
come to life.
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