Michael Drews and Company

Long-Term Care

With health care costs rising and longer life expectancies, funding long-term care needs is an increasing concern for millions of people. According to the U.S. Department of Health and Human Services, about 9 million Americans, now 65 or older, will require long-term care. HHS expects that number to rise by 25 percent -- to 12 million -- by 2020. Most people can purchase long term care insurance for approximately $3,000.00/year.


The average annual cost of nursing home care is $74,806, according to Genworth Financial's 2007 Cost of Care Survey, but that figure can fluctuate depending on the level of care required, and the state in which the care is provided. Michael Drews, CPA wants you to understand how the cost of long term care could affect your financial future, and he wants to help you plan for the possibility of this expense.

Michael Drews is a registered representative with the following registrations [6 & 7] and can transact business with clients in California.  Michael Drews is also an investment adviser agent licensed in California.  If you are not a resident of the state noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services over the internet.

 

Securities offered through HD Vest Investment ServicesSM, Member SPIC, Advisory Services offered through HD Vest Advisory ServicesSM, 6333 North State Highway 161, 4th Floor, Irving, Texas 75038, 972-870-6000.

 
Michael Drews and Company is not a registered broker/dealer or independent investment advisory firm.
 
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