Bradley Boswell
xACSIA Partners Insurance Agency

Online Calculator Helps Trim Thousands from Long-Term Care Costs, Says Agent Bradley Boswell

AgentLa Mesa, CA June 25, 2020 -- Location, location, location! This mantra applies not only to the value of homes, but also to the cost of long-term care.

"Just as homes vary widely in price from area to area, so does the cost of care," says Bradley Boswell, an agent with xACSIA Partners Insurance Agency. "You need to take that into account in your financial planning." Fortunately, there's an online calculator that makes comparisons easy, Boswell says:

Cost of Care Calculator (based on the latest data, from Genworth)

Suppose a couple in their 40s, living in San Francisco, California, is putting together plans for their long-term care, which may be needed by one or both. If they need it in just a few years due to an accident, injury, or illness that renders them unable to care for themselves; or if they need it in their later years due to normal aging, they would need to know if they would be better off choosing a local nursing home or relocating outside of San Francisco. With a long-term care cost calculator, they can easily learn the following:

But what if the couple has an aversion to nursing homes (perhaps because of the recent high incidence of coronavirus infection)? Maybe they would prefer to "age in place," receiving care in their own home from a health aide. Will the location make a significant difference? The calculator provides factual insight:

"Of course, when it comes to planning for care, there are more considerations than location and cost," says Boswell, "particularly how to pay the cost, whether through savings, insurance, or another means."

As a certified long-term care insurance agent, Boswell advises on the full range of LTC planning options, which include:

Boswell may be reached at http://boswellltc.com or 619-337-0360.

Boswell is a licensed long-term care insurance agent who represents the company in CA, MN, MT, NY, PA, TN, TX, WA, WI.

In California the company is known as xACSIA Partners Insurance Agency; in other states, as ACSIA Partners.

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