Gordon Associates Long Term Care Planning

06/02/2026

One reason having your own long-term care insurance policy matters so much: you can't count on family to pick up the slack. According to the Department of Health and Human Services, the average lifetime value of unpaid care provided by loved ones after age 50 is $168,000 — and nearly one in four care recipients receive unpaid care valued at $250,000 or more. A personal long-term care insurance policy means you get professional care when you need it, without putting that burden on the people you love most.

Most people will need long-term care at some point, but insurance can be pricey. Here’s a guide to covering all of your expenses.

05/28/2026

Long-term care is one of those topics that's easy to put off — until a need arises and there's no plan in place. Hawaii is taking a proactive step: legislators there have introduced a bill that would create a Long-Term Care Financing Advisory Commission to examine various financing options, acknowledging that the fragmented nature of long-term care makes planning extremely complicated and that services need to remain equitable and accessible. It's a reminder that even state governments are wrestling with how to fund long-term care — which makes individual planning all the more important. The best time to think through your options is well before you need them.

Senior living and care providers stand to benefit from proposed legislation in Hawaii that would create a commission to examine various financing options for long-term services and supports, addressing longstanding gaps in funding, according to industry advocates.

05/26/2026

Most people know they should think about long-term care — but very few actually do anything about it. A 65-year-old has a 70% chance of needing some form of long-term care during their remaining lifetime, yet LIMRA estimates just 3% of Americans own any type of long-term care insurance — and nearly three in five consumers say they need it. That gap between knowing it matters and having a plan in place is enormous. The good news: it's a gap you can close, and the sooner you start the conversation, the better your options will be.

The consequences of needing long-term care (LTC) can be financially and emotionally overwhelming. A U.S. Department of Health and Human Services study found that seniors needing LTC services will pay an average annual cost of $138,000.

05/05/2026

Long-term care insurance has been around since the 1970s, and traditional stand-alone policies remain a solid, purpose-built option for many people. They work much like other insurance — you pay premiums, and if you ever need help with daily activities like bathing, dressing, or getting around, the policy pays benefits for home care, assisted living, memory care, or nursing home care.

These policies are typically the most cost-efficient way to get dedicated long-term care coverage, especially for people who purchase while in good health and in their 50s or early 60s. Keep in mind that the number of carriers offering new traditional policies has shrunk considerably over the years — making it especially important to work with someone who knows the current market well.

insurance can be a smart addition to your planning strategy. There are a variety of ways to secure this coverage. What are the different types of long-term care policies—and how do they work? See our guide for details.👇

04/30/2026

Most people heading into retirement have thought carefully about their income, their investments, and their estate. But long-term care is often the piece that gets left out — and it can unravel everything else.

A recent Kiplinger article put it well: not planning for long-term care puts your assets and your family's peace of mind at risk. A few years of care costs without a plan in place can drain savings quickly and force family members into roles they aren't prepared for. Planning ahead changes that. It means staying in control of where you receive care, preserving what you've built, and giving the people you love a much easier road.

You'll most likely need long-term care as you age. Not planning for it puts your assets and your family's peace of mind at risk. Here's how to tackle the beast.

04/29/2026

One of the most common misconceptions in retirement planning is that Medicare will cover the cost of long-term care if you ever need it. It largely won't.

Medicare covers short-term skilled nursing care in specific situations — but it doesn't cover the ongoing, day-to-day help that most people eventually need with things like bathing, dressing, or managing medications. That kind of care — whether at home, in assisted living, or in a nursing home — can run well over $100,000 a year. Long-term care insurance is designed specifically to fill that gap, protecting your savings and giving you far more options for how and where you receive care.

One of the most consequential misunderstandings in American retirement planning is the assumption that Medicare will pay for nursing home or

04/28/2026

Hybrid long-term care insurance offers a flexible approach to protecting your future while still leaving a benefit for your heirs.

Early planning can lock in lower premiums and greater coverage, giving you peace of mind.

Whether it's in-home care or assisted living, having a plan ensures you're prepared for life's uncertainties.

Explore your options today and make a choice that works for your lifestyle.



https://www.aarp.org/money/personal-finance/hybrid-ltc-life-insurance/

Hybrid policies that combine life insurance and coverage for care have become more popular

04/21/2026

Planning for long-term care protects more than your finances; it safeguards your independence and peace of mind.

Gordon Associates guides families through complex options, helping them make informed choices that fit their needs.

With decades of experience, we coordinate with your advisors to find coverage that works today and tomorrow.

Secure your future and give your loved ones clarity with thoughtful long-term care planning.



https://galtci.com/

Long term care planning is part of a complete financial plan. At Gordon Associates, we specialize in long term care planning.

04/14/2026

The Medicare Drug Price Negotiation Program, created under the Inflation Reduction Act of 2022, has begun lowering costs for select high-spend medications in 2026.

According to Centers for Medicare & Medicaid Services, the first 10 Part D drugs now carry reduced maximum fair prices, with additional rounds scheduled through 2028.

Even so, many beneficiaries may feel greater relief from the $2,100 annual out-of-pocket cap under Part D.

A detailed breakdown from GoodRx explains how the program works and what it could mean for your wallet.



https://www.goodrx.com/insurance/medicare/drug-price-negotiation

04/07/2026

Retirement planning takes a different shape for those without children.

Flexibility can open doors to more aggressive investments and strategic spending.

Long-term care and estate planning require careful thought even with fewer obligations.

Smart decisions today set the stage for financial confidence tomorrow.



https://www.investopedia.com/retirement-planning-without-kids-means-focusing-on-long-term-care-and-estate-strategies-11924536