01/07/2026

Long Term Care

In fact, someone turning 65 today has nearly a 70% chance of needing some form of long-term care or support during their lifetime. That care may be as simple as help with bathing or dressing, or as complex as skilled nursing care or ongoing assistance at home.

When I meet with clients, I often ask two key questions:

• Who will help you if you need care?
• How will you pay for that care?

Many people assume their adult children will step in. While family support is invaluable, the reality is that care needs can become far more demanding than loved ones are able—or prepared—to provide.

It’s also important to understand what “care” really looks like. These are often tasks we don’t like to think about: help getting to and from the bathroom after a fall, assistance with bathing during recovery, or support if cognitive impairment makes it difficult to remember how or when to eat. Having a care plan in place can significantly reduce the emotional, physical, and financial burden on family members.

The financial impact of extended care is substantial. The average American turning 65 today is expected to incur approximately $120,900 in future extended care costs (in today’s dollars). While Medicare Parts A and B may cover limited home health services and short-term skilled nursing care, they do not cover extended care needs. Copays, deductibles, and uncovered services can quickly result in significant out-of-pocket expenses.

At Campbell Consulting Group, we offer several solutions designed to help protect your retirement savings and provide peace of mind. One option is Short-Term Care insurance—an affordable, flexible solution that helps cover care costs when assistance is needed. Short-Term Care insurance is typically easier to qualify for than traditional Long-Term Care insurance and can help bridge the gap during a Long-Term Care insurance elimination period.

Additional planning options include stand-alone Long-Term Care insurance and hybrid life/long-term care plans. And if you have older annuities, we can show you how they may be repositioned to help cover future long-term care expenses.

Now is the time to start the conversation. Let’s talk about your future care needs and explore strategies that can help you stay independent, protect your assets, and prepare confidently for whatever lies ahead.

Warm regards,

Shelley and Shea Campbell
Campbell Consulting Group, LLC
https://www.mwimamarket.com/shelley-campbell 

Shelley Tackett Campbell, Principal
317-501-3534 | shelley.campbell3@gmail.com 

Shea Campbell
317-319-4966 | sheaelizabeth95@gmail.com