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Long-Term Care Insurance in Connecticut

How Would You Pay for Long-Term Care?

Because Medicare and most health insurance generally don't pay for ongoing long-term care, you may need to cover these expenses through personal assets, family support, insurance, or a combination of resources.

At Capital Wealth Management, we help individuals and families in Connecticut and nationwide consider potential care costs, review long-term care insurance options, and understand how those decisions fit into their retirement and financial plans.

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What Could Long-Term Care Include?

Long-term care can include help with everyday activities such as bathing, dressing, eating, or moving safely. It does not refer to one particular place or type of service. Care may be provided at home, in the community, in an assisted living facility, or in a nursing home as a person’s needs change.

Care at Home

Help with personal care, household tasks, meals, or other everyday needs while remaining at home.

Community-Based Care

Adult day programs, transportation, meal services, and other support provided within the community.

Assisted Living

Housing combined with personal care, meals, supervision, and help with daily activities.

Nursing Home Care

Around-the-clock personal care and nursing support for people with more extensive needs.

How Can Long-Term Care Affect Your Financial Plan?

The possibility of needing care can affect more than future healthcare expenses. It may influence how you use retirement assets, how much income a spouse may need, whether family members expect to provide care, and where that care could take place.

We can help you consider how long-term care insurance may fit alongside your income, savings, investments, retirement accounts, and other financial priorities.

Long-Term Care Planning Considerations:

✓ Where you would prefer to receive care
✓ Potential care costs and duration
✓ Retirement income and available assets
✓ Support family members may be able to provide
✓ Existing insurance or other benefits
✓ Policy costs, coverage features, and limitations

When Should You Review Your Options?

Age, health, coverage features, and budget can all affect the availability and cost of long-term care insurance. Existing policies should be reviewed periodically to understand how the benefits, premiums, and other provisions fit your current circumstances.

Long-Term Care Insurance Is One Planning Option

Insurance may help address future care costs, but it is not the only approach and may not be appropriate for everyone. We help you consider available resources, insurance options, and other financial priorities together.


Related Services

Retirement Planning → Financial Planning → Life Insurance →

Long-Term Care Planning Articles and Resources

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These policies have exclusions and/or limitations. Guarantees are based on the claims paying ability of the issuing company. Long Term Care Insurance or Asset Based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. The cost and availability of Long Term Care insurance depend on factors such as age, health, and the type and amount of insurance purchased. Please consult with your financial professional when considering insurance options.