Rethink Healthcare Together - Planning Ahead For Long Term Care Coverage

Episode Transcript

Speaker 1 (00:06):
Hi's Ryan Thomas with John Roland from Cover since he
can find online at coversince he dot com. And you'll
need the phone number because you're going to want to
reach out to him after hearing the words we have
to talk about today. So this notably, we're going to
talk about long term care coverage. John can be reached
at five one three eight hundred call that's five one
three eight hundred two two five five. And I always

(00:26):
like to begin by talking about what John and the
team at covers since he does, which is find a
better way to ensure you medical insurance you've got vent A, dental,
vision and life insurance, and then there's long term care coverage,
which agains the topic of today's conversation, better coverage for last.
He is an insurance broker, which means he works for you,

(00:47):
but he works with hundreds of other insurance companies and
thousands of policies, which allows John and the team to
tailor a specific package of insurance to best meet your needs.
Get your dollar one coverage, cover those catastrophic situations, cover
the hospitalization, but also saving what we always talk about
thirty to sixty percent savings for couples under the age
of sixty which is up under sixty five.

Speaker 2 (01:09):
I mean, you got it. Okay, I've been doing this
a while, you haven't.

Speaker 1 (01:13):
Yeah, I'll get my job application ready here soon.

Speaker 2 (01:16):
I mean you're hired day one, all right.

Speaker 1 (01:19):
Something that has crossed my mind, and I know we'll
talk about planning, and maybe I'm falling into the category
of someone who wants to avoid planning. But you know,
more and more people as our population ages, more and
more people on social Security, more and more people getting
ready for retirement age, and usually that's when you run
into the greatest amount of health problems. And you talked

(01:40):
about Medicare, and of course Medicare is a great product
as long as it's around. It does a pretty good job.
And you've dealt and dove done a deep dive into
all the things that we need to consider or the
Medicare population needs to consider in advance of going on Medicare,
like your Medicare supplement policies and through Q or whatever.

(02:02):
I mean, we've been down that road before, and you're
obviously available to help people with that decision making. But
a component that goes along with aging and health issues.
Because I'll use my own personal illustration. My father is
struggling with Alzheimer's dimension going on a downhill slide toward
the end of his life. It requires a lot of care,

(02:23):
I mean a lot of care, so much so that
my mom just almost completely exhausted herself when we ultimately
had to put him in a a in a memory
care facility for the end of his life. But it's
something people need to consider, and there is long term
care coverage out there, right absolutely.

Speaker 2 (02:42):
I mean, I think the biggest misconception, Brian is that,
you know, so many people think, you know, I'm on Medicare,
They're gonna they'll they'll pay for this type of stuff,
you know, and it's it's not. You know, it's very
little nursing facility coverage, like after a stroke or a
heart attack or something along that line, where Medicare will
actually kick in and pay for like a short term facility.

(03:03):
But you know, like you mentioned, I mean more and
more Americans, I mean again, just think about medicine in general,
right It's it's keeping us alive a lot longer than
we should be. Yeah, you know, naturally, you know, and
you know, so many things that thirty forty fifty years
ago would kill us. We're now surviving that type of stuff.

(03:23):
But it's the that's the quality of life, and then
the effects on that ailment that put people into a
situation later on in life that you know, the loved
ones cannot take care of them. I mean, I look
at even my situation. I mean, if if something happened
to me, you know, I would prefer to be at home.
But I mean, what kind of burden am I putting
on the rest of my family? And you know, do

(03:45):
I want to put that burden on my kids? You know,
if I can't financially afford it, you know who's picking
the bills up? Because no one's paying for it, right.

Speaker 1 (03:53):
And you know, where are they going to be? You know,
when your children grow up, they move out quite often,
they'll move like tens states away or something to be
out California. And then you do it, you have a
medical situation, but you know, they've got a family and
a job and a career and a home they own,
and they can't possibly, you know, sort of drop their
entire lives and come back to care for you. As
much as they might want to, it's not practical.

Speaker 2 (04:14):
No, And I you know, the sad part is I
talk to so many clients and you know, just individuals
that have been in those situations or their parents have
been in those situations, and they're like, you know, they
you know, my like, my mom had to join a
support group because how depressed she was having to take
care of my father for so long. And you know,
you don't want to put those burdens on your loved ones.

(04:36):
And you know, granted, I'm sure they are going to
step up and like want to help you in that situation,
but it's it's very difficult when you're in that spot
where yet you can't go to the bathroom yourself, you
can't feed yourself, you know, you can't even get out
of bed. And you know that's where you know, insurance
really can kind of step in and where it does

(04:57):
actually and gives you those specialists of those professionals that
can come in even into your home and help alleviate
those those type of stresses. And you know, you look
at the numbers today, I mean I just always look
at statistics. I mean, roughly seventy percent of people turning
sixty five to day will need some sort of long
term care service at some point in their life, but

(05:19):
only ten percent of people over fifty have any plan.
That's scary right there, that is absolutely scary. I mean,
there are states right now that are starting to require
long term care because it ends up being a big
burden on the state. Well.

Speaker 1 (05:34):
And again going back to the aging population, there are
only so many facilities out there, and there's only so
many resources out there, so the demand is going to
continue to grow and demand may outstrip the available of
places and services that are out there.

Speaker 2 (05:51):
I mean, and what kind of facility would you want
to be in, Brian, you know, I meant, yeah, there's
different levels of facilities. We all heard of them. I
mean I've I've had family members go into the better
facilities because they had a plan, you know, and they
were able to get the best facilities, you know, for
their loved ones. But it's like, you know, if you

(06:13):
can't afford that, and then you're putting your family and
loved one in a you know, like a medicaid type facility.
I mean, you have to understand what to expect, you know.
It's it's not something I would want my parents to
be in. No.

Speaker 1 (06:25):
No, And even the higher tier facilities are going to
disappoint from time to time.

Speaker 2 (06:31):
Oh absolutely. I mean there's it's a massive burden. There's
so many people going into these facilities. I mean we
look at just a burden we saw during COVID. I
mean it was a huge issue, you know. I mean
I actually had a relative end up having a get
go into a facility just for a short term during COVID,
and I mean he would he basically told us like

(06:51):
he literally sat into a chair for like two days
because you couldn't get to him, you know, And we
don't want to. I mean we don't want to be
putting our our loved ones and that type of situation.
And you know, again thinking about long term planning, thinking
about your life, you know what's that going to look like.
I mean, none of us. I mean I don't want
to put a burden on my kids. So I mean
these are things that you should really start thinking about

(07:13):
in your early fifties. You know, when these things are
really inexpensive, you know, that's the plan where you really
want to kind of start, because again, remember Medicare is
only going to cover you know, short term rehab or
skilled nursing. You know, you have a stroke, You're going
to try to see if you have improvement in physical therapy,
and if you're not improving, you're like, well we're cutting
it off. You need to now go into a facility.

(07:36):
And you know, you look at the costs on some
of these things right now, they're astronomical prime. I mean
you're talking eight to twelve thousand dollars a month, you
know for some of these facilities right a month, you know,
especially if you need full time nursing facility. You know,
if you're unable to move or feed yourself or something
on online up up, and could be even upwards. And

(07:57):
then we're talking today's numbers, right So if you're writing
a policy today, what is that going to look like
twenty five years from now? Jeez? You know.

Speaker 1 (08:06):
And you know, I have this organization called Heartforce Seniors
and it's a wonderful organization. I've had them on several times.
And they have modern technology that with sensors that go
into undergarments, so you know, the staff knows who needs
to be attended to and who doesn't, because you're on
a rotating schedule and it could be that that person.

(08:28):
They visit your loved ones room and find out everything's okay.
They walk five minutes later then they have an issue
and they need to be careful. Sometimes they'll be in
there for hours and hours and hours in a row,
wallowing in their own vcs or yearn and everything, and
it causes all kinds of complications. So with this technology

(08:48):
that they're advancing out there, at least it sends a
warning signal to the software on their phone, so they
know exactly who needs a care and win. But that
does not exist in the vast majority of these facilities.
They're just left to that timetable. So you have like
two caregivers responsible for maybe twenty thirty people or maybe
even more. I don't know what the ratio normally is,

(09:09):
but that's the kind of situation that you know your
loved one could find themselves in, or you could find
yourself in.

Speaker 2 (09:16):
Yeah, I mean, it's it's just scary, it is, you know.
I mean, it's that's why I bring it up.

Speaker 1 (09:21):
I mean, it's it's tough to talk about, yeah, you know,
and I watched my father deal with some of these
issues and it's just it's heartbreaking, it really is. So
the idea of thinking about this and emphasizing it so
people are like, you know what, maybe I really should
look into this concept because there, but for the grace
of God go I yeah, I.

Speaker 2 (09:40):
Mean, and that's a that's a big myth, you know,
it's the whole procrastination piece, right. Yeah, it's like, well,
I'm healthy, I'm in my fifties, I don't need to
think about this. Let me worry about it when I'm seventy. Well,
the price and get that point is three times more expensive. Yeah,
you know, and then on top of that, if you
start developing medical issues, they're not going to ensure you.

(10:00):
You know, and so now you're sol right and you're
and you're in a situation where you can't do that.
But you know, it's you know, just it's just a
huge thing that I talk about with a lot of
the clients that call in, especially for Medicare. It's usually
a time that I'm bringing it up for everybody that
I talk to, you know, when they come they turn
sixty five, like, hey, now, now now's my time. I

(10:22):
need to start thinking about everything. And you know, I'm
having that conversation, but it's it's still a little bit
more expensive at that point. You know, this is something
that we really should be bringing up in your early fifties.
It's a conversation that everyone should really be looking at
because you know, I look at this situation. I mean,
on not a lot of things where it's going to
drive me into a facility. Right, most people, you know,

(10:43):
hopefully if your spouse is at home, you're like, well,
I'd like to have my spouse at here. I don't
want to have to go see my spouse in a facility,
you know, I just want someone to maybe come in
once or twice a week to help out, you know
what I mean. And you know that's a very expensive cost.
And unless you have all kinds of money shocked the way,
or hopefully getting a good pension or retirement plan on

(11:04):
top of that little bit you're getting in social Security,
you know, that's an unforeseen expense that most seniors aren't
going to have the available funds at seventy five, eighty
plus years old. Right, So you know a lot of
these policies you can get into, Brian, even like the
home healthcare plans. We do a lot of home healthcare
plans for our clients. I mean, you're talking about plans

(11:24):
that start less than a dollar a day that you
can actually have coverage on you and your spouse for
less than a dollar a day to basically help out
with home health care, you know, and that's where a
lot of people are getting into right now. You're talking
about like nearly eighty percent of people that need some
sort of help in that situation are still at their home.

(11:45):
You know, when you look at traditional long term care
policies where they used to be really good, like thirty
years ago, well the insurance companies started getting just destroyed
because of how people are getting into these facilities and stuff.
Now that a lot of the company is that we
had when I first started are no longer even doing
long term care policies. So you have very few options

(12:05):
out there even for the traditional long term care policies.
So you know, that's one of the things that we
brought to light with a lot of the insurance companies
that we worked with, and you know, some of these
insurance companies have started really designing some more unique products
that make a lot more sense and are a lot
more affordable. And that's some of the options we always
like to share with clients because you know, long term care,

(12:27):
you know, if especially if you're looking at it in
your late sixties or seventies. I mean, these things can
be three four five hundred dollars a month per individual.
I mean that's an insane cost at that point in
your life, you know, where of course, if we did
it when you're fifty, could be a fraction of that.

Speaker 1 (12:45):
You know, once you get locked in, it's like you know,
term life insurance. You know, if you get it when
you're younger, it's it stays the same until what sixty five?

Speaker 2 (12:56):
I mean, they can depending upon how the policy you wrote.
I mean a lot of people, of course wanted to
like inflationary pieces because you know, when you take it
out now if you're fifty years old, and well, I
need to make sure there's more coverage when I'm eighty,
so it is gonna you know, the coverage is going
to increase, So yeah, the premiums can go up on
some of those policies. That's really just kind of where
we can kind of sit down and come up with

(13:16):
a good game plan, because we're gonna look at everything, right,
We're gonna look at, hey, what does your retirement plan
look like? What does your social security look like? You know,
is that something that we can utilize to help cover
some of those expenses and it maybe you know, maybe
you have like well I can do I have like
four grand a month coming in that I can use
towards a facility. So when we start calculating what that
actual cost will be if you are into a facilitator

(13:38):
and let's say it's twelve grand, well, you know, now
we're gonna have a conversation, Well, you need about eight
grand you know of an insurance policy to pay out,
and you know how long do we want to pay
it out?

Speaker 1 (13:47):
For?

Speaker 2 (13:48):
A year? Two? Three years? You know, That's that's the
conversations that we'll start having with them and just really
kind of come up with a with a good game plan.
It doesn't have to you don't need to go out
and take about some fifteen thousand dollars policy. You know,
we want to make sure that we do that deep
dive into your life and understand your finances and everything
so we can make a determination on what do you
actually do need. And there's just so many you know,

(14:12):
ways to do this now, Like I said, there's so
many other unique products. You know, we even have there's
even long term care benefits tied into life insurance. You know,
if you do it early enough, you can take out
a life insurance policy that has long term care in it.

Speaker 1 (14:26):
Yeah, We've talked about that a little bit when we
address the life insurance one of the segments.

Speaker 2 (14:31):
Yeah, yeah, I mean it's a smart move, especially when
you're younger. You know, why not have a policy in
your thirty or forties where hey, long term care is
already in it. So now I'm putting money aside. I'm
paying on his life policy, but it's building up long
term care benefits. So hopefully, you know, there's enough money
socked away into that when I'm eighty and need it.
It's grown for forty years. So again, it's about really

(14:53):
good financial planning, you know, just like you would be
doing with you know, a financial advisor looking at your
stuff or your investment portfolio, and you know they you know,
different phases in your life, right, Brian, Like you know,
when you're twenty, let's take let's take high risk, right,
and then when you get older, you know you're gonna
turn that around and say, well, I'm gonna be a
little less risky because I can't take a big dip

(15:15):
in the market now when I'm gonna start collecting sooner, right,
And that's really when we should start having those conversations
at the different facets of your life. And you know,
don't feel like you're like, oh, you know, I'm in
my sixties or seventies now, it's probably too late to
even look at it. There's so many unique products out
there that we have that we can look at different options,

(15:35):
and you know, in worst case, take out a home
health care plan because that's where, like I said, almost
eighty percent of people are getting into right now, and
even in your seventies. I mean it could be a
dollar or two a day to get a home health
care plan.

Speaker 1 (15:48):
Well, and that's to me, that's amazing. And I know
you hit some stats. Thank you for the notes that
you provided me General Worth Cost of Care Survey home
health care and then just so people have an expectation understand,
at least at current dollars, at forty four hours a
week could run you sixty six thousand dollars a year. Yeah,
that's like you're employing someone basically full time absolutely, uh,

(16:12):
homemaker services. Now, how does that? How is that distinct
from the home health aid? Is that just someone who
cleans and cooks and that kind of Yeah.

Speaker 2 (16:20):
They'll be a little bit more hand. You know, they'll
be a little bit more or less off. I mean
this would be you know, maybe something that comes out
and helps cook or provide food or something along that line.

Speaker 1 (16:28):
Laundry.

Speaker 2 (16:28):
Yeah. Yeah, when you're gonna be looking at more of
a home health care aid is going to be that's
got gonna you know, take care of you, might administer medication,
might actually clean you up. Yeah, something along that line.
You know, you look at even like things like assisted
living facilities, right, I mean, this is this is gonna
be someone that you know can't maybe do certain aspects

(16:49):
of their life, but they you know, they like I'll
give the example like my my grandmother. She's ninety three now,
so I mean she's kind of in an assisted living facility.
So she has own a little apartment and a facility,
you know, and she's you know, her cognitive abilities have
definitely greatly diminished over the last few years. So it's like,
you know, she can't really cook, you know, she can't

(17:10):
really clean, you know. I mean she has trouble sometimes
getting around, but you know, for the most part, she
goes and takes the elevator down and goes and plays
ucher and you know, enjoys the cafeteria stuff like that.
But it's yeah, because she can still get around. But
I mean you're still looking at you know, that's still
the sixty thousand dollars plus price ring. So you're talking
about somewhere over five or six grand a month, you

(17:32):
know for a facility like that, and I mean, I
know her pension and so security. I mean, I don't
even think it pays a third of that at this point.
So it was, you know, in her situation was sell
the house. You know, all that money went into a
fund and basically it's been slowly dispersed through this facility.
But it's like you know, she always said like, well

(17:54):
I would love to have lived, left this my stuff
for my kids or grandkids. But you know, all that
health and whatever she had over her lifetime is you
know now just being paid out to cover her in
her situation.

Speaker 1 (18:06):
Well, she didn't have to rely on her family members
to shell it out themselves. So she did ever a
great service by setting it up that way.

Speaker 2 (18:13):
It was smart, okay.

Speaker 1 (18:14):
And then so pivoting over then if you're talking about
you know, ay private room, as you pointed out, maybe
one hundred and twenty thousand dollars a year if you're
at a nursing home. So these are real, genuine dollars.
So what about long term care insurance? What's out there?
And I think more fundamentally than what are we talking

(18:35):
about by way of cost, I mean the Deluxe plan,
you know, the the zero dollar out of pocket a
deductible and auto insurance plan.

Speaker 2 (18:44):
Versus you're talking about like I want the Cadillac plan, right, yeah, yeah,
you refer to as the Cadillac Yeah, so yes, because
that's when I was a kid, I always thought the
Cadillact was like the best vehicle.

Speaker 1 (18:55):
That's the bill of goods they tried to sell you anyway.

Speaker 2 (18:58):
But uh yeah, I mean you know when you look
at these type of things, I mean they can be
very and again this is depending upon time of life, right,
So if you're taking these out in your forties or fifties,
if they're a fraction of the price, if you're going
to be taking out your sixties and seventies, right, But really, again,
long term care coverage and like any facility type of coverage,
you're really looking at what it pays per month, you know,

(19:18):
when you go into a facility, right, So you know,
these plans can start anywhere from three go UF boards
of ten thousand dollars a month as far as what
they're going to pay out, even those are even plans
that are higher than that. But again it's that's where
we really kind of get into that, Brian, where we
will kind of look at your finances, look at your
Social Security, look at your pension for one k, whatever
it is that you have to say, hey, we can

(19:39):
take a little fraction of this to pay for the facility.
Maybe we don't need as much insurance. You know, my
goal is not to over sell you on something you
don't need, so we really look at that. But again,
I mean depending upon time of life. You know, I
just talked to a client the other day that she
was on a long term care policy and you know,
she's reaching out to us because you know it's actually
gone up sognificantly and you know, she's now paying like

(20:03):
eight hundred bucks a month for a long term care
facility plan. She's like, she can't afford it. So but
it's like, you know, they can get extremely extremely expensive,
especially for those traditional plans. And remember it's not most
of these plans aren't built to cover you like for
ten years. Right, you know you're not taking out millions
of dollars in long term care policies. You can, but

(20:25):
that's not a real good, you know, financial decision. I mean,
the number one payer for long term care facilities actually
United States is actually Medicaid. Because what happens people just
disperse their all their finances, their houses gone, everything's paid out,
and then at some point they have no money and
then Medicaid kicks in, takes over all of your finances.

(20:45):
They basically grab your so security, grab all your assets,
and then liquidate that and then then at some point
you run out of money and then and they pay
for it. Well, the problem is if that's your plan
going in, I mean, just understand that type of facility
you're going.

Speaker 1 (21:00):
To get, right, I cannot imagine. But I also don't
want to think about that now.

Speaker 2 (21:05):
But I've also known people, Brian that you know, have
some long term care or facility coverage up front, so
they're getting into the better facilities. And what happens if
you have enough coverage and they're to cover you for
a couple of years, once that runs out, they usually
don't kick you out and make you move to another
facility because Medicaid will typically come in. Like we have

(21:25):
had this with one of my other relatives, one of
my wife's grandmother, kind of exactly the same situation. She
was able to get into a really good facility, and
eventually the money ran out and Medicaid kicked in and
they just accepted what Medicaid was paid. So she already
got into the better facility and that was huge in
that situation. But that's why I tell most people, like,

(21:46):
get something so at least I can get you into
your family member into a really good facility and you're
not struggling to find a decent place to put your
mom in or something along that line.

Speaker 1 (21:59):
Well, one of the fun facts that I've just observed here,
and I find it rather shocking, or maybe not, as
I contemplated, women end up paying more for their insurance
coverage than men.

Speaker 2 (22:09):
Do they live longer? Yeah?

Speaker 1 (22:12):
Yeah, I once I started questioning that, I was like, uh, yeah,
that's probably right. They do live long they do.

Speaker 2 (22:18):
I mean you go, you go into some of these
facilities and like like, you know what percentages of your
population is female over ninety And it's like, yeah, you know.

Speaker 1 (22:28):
One to ten ratio works out really well if you're
still active as a semi Yeah, i've heard that about
those places.

Speaker 2 (22:35):
They get married again. I mean actually I've heard that
they actually get married while they're in these facilities sometimes.
But again, it's like, yes, absolutely, you know, that's the
life span of individuals. That's something that we're always going
to look at. Yeah, women end up paying more because
they're going to more than likely I end up getting
more the payout than the men are. So it's it's

(22:57):
it's a pretty interesting piece.

Speaker 1 (22:59):
So starting earlier, looking into this earlier prudent, proper wise
thing to do, So don't put it off. But I
guess fundamentally, how affordable can it be?

Speaker 2 (23:10):
Yeah, I mean I'll give you an example. One of
our most popular plans, and this is a home health
care plan we actually do with one of our carriers,
and it's a big care that right for they've been
in business since like eighteen fifty five, so they're not
going anywhere, and they built out what is called a
short term care program and really just kind of you know,

(23:31):
one of the plans they sell is their home health
care plan, and this is one of the more affordable
plans to get into. They usually give you like three
hundred and sixty days of coverage. You can get up
to four hundred dollars a day for home health care,
which is going to cover a lot of money, you know,
for someone to come out and help you. And but
it's three hundred and sixty days of total coverage. And

(23:52):
the nice thing about it is if let's say you
do have a spouse, right, So again, if I think
about my situation, if my spouse something had to happen
to her, I would want to make sure that she's home, right.
I would like to be able to keep her in
her house. Right. I At some point in my life,
I'm not going to be able to take care of
her at my capacity. Right, So what if I just

(24:13):
had someone come once or maybe twice a week to
help cleaner, take care of her, clean up some stuff,
and then.

Speaker 1 (24:19):
Give you a chance to exhale and maybe get a
night sleep.

Speaker 2 (24:22):
Exactly. That's something people.

Speaker 1 (24:24):
Yeah, you're up at all hours when you have a
loved one who's deteriorated to the point like to say,
where my dad was? I mean, you don't get to sleep.

Speaker 2 (24:33):
The percentage of caregivers the family member caregiver. And I
was seeing a stat on mental illness not too long
ago is like ninety percent of the depression rate for
the caregiver. Yeah, you know that's and another ten percent
I just didn't say it.

Speaker 1 (24:47):
Well, they're dealing with the grieving from losing the loved
one to whatever condition has put them in this sorry state.
Then they're depressed that every single day they have to
wake up and commit all of their time to taking
care of that loved one. It becomes a trumendous this
weight and exhaustion. Yeah, I mean it's true exhaustion. So
it doesn't surprise me if the mental health challenges go

(25:07):
along with that.

Speaker 2 (25:08):
No, and then, like I said, Brian, I mean, and
these plans, if you get them early on, I mean
we're talking fifteen twenty bucks a month when you're in
your when you're in your fifties, you know, when you
get into your sixties, these plans are about a dollar
a day, maybe dollar fifty a day. I mean, they're
they're not expensive to pick up, these plans. I think
everyone should at least have a home health care plan,

(25:29):
you know, because there's I mean again, we look at
the diseases that people end up getting that go into
these facilities. Yes, a stroke where it completely paralyzes you
into a state, you're probably gonna go right into a facility.
But most of the things that happen in life, it's
a degradation over time, right, right, So think about the
mental impairments and different to that. You know, so you
might you might be able to take care of them
in your home for a couple of years, maybe two

(25:51):
or three years. Well that the home health care plan
is great because it's going to give you it could
give you know, once or twice a week. It's going
to give you two to three years of coverage. Right,
that's going to help you. Well, I liked it. I
liked it. There's structure that way.

Speaker 1 (26:02):
It's not just a final calendar year. It's just simply
number of days.

Speaker 2 (26:06):
You number of days and you choose how much coverage.
I like the one that pays fourhundred bucks a day
because it's like that's going to probably be more realistic ten, fifteen,
twenty years on the road, right, And that's what I'm saying.
It's like, you know, when you get the age range,
if you're fifty and listen to this, I mean pick
one up. I mean for fifteen to twenty bucks a month.
I mean, that's just a huge peace of mind right now.

(26:28):
That and then we can maybe look at the facility
coverage later on if that's something that you want to entertain.
So you can always add something absolutely just you know,
gets more expensive to get the basics cover that get
the basics covered absolutely, all right, Well, any concluding thoughts
as we wind down another episode of Rethink Healthcare Together.
I mean, like I said, this is a big thing.

(26:49):
And you know, one of the things I always tell
people is, you know, even as a broker coming and
talking to me, there's so many things that we can do. Right.
So if you're listening to this and maybe you're an
occurrent client and we haven't had that discussion yet because
again we were maybe dealing with ten other things that
you were talking about, you know, reach back out to
us have that conversation. I mean, I'd love to be
able to send you a quote. I mean, they're not Again,

(27:10):
this is something it's peace of mind and you know
having this as a good strategy for yourself is just
so important. But again, do it when you're younger and
can get it very very cheap, and even if you're
in your twenties or thirties. You're like, that's that's so
far away, you know, when we're doing the life insurance
side and looking for that as a plan, why wouldn't

(27:31):
we put this in there.

Speaker 1 (27:32):
I'm with you one hundred percent. And you know, the
world's an imperfect place. You know, screws fall out and
accidents do happen. Yeah, and you're thinking, I just rode
my motorcycle the other day, and you know, you got
all these crazies out on the road, and you know,
there but for the grace of God, go I when
I'm out on the road.

Speaker 2 (27:46):
So, oh my god. Yesterday a Memorial Day, a friend
drove a little gram over and I was like, well,
I could take that first spin. The wife turns me
and goes as long as you find a helmet because
you're not taking out. But again, it's just things you
had a think about. I mean, that can and again,
God forbid, that could have happened at any point in time.
It could.

Speaker 1 (28:04):
That's why you give John on the team at cover.
Since your call, you can reach out to them one
of two ways five one three eight hundred call five
one three eight hundred two two five five And if
you're listening out of any state. You can contact them
to talk about this. No obligation or commitment to you.
Let them do the numbers crunching and prevent you with
an option or two. And if you're an older person
in the audience, you might want to let your sons

(28:26):
and daughters know about the importance of doing this early
and do them a huge favor. Uh online it's cover
since he coversincy dot com as a form you can
fill out to start the process there as well. This
has been another edition of Rethink Healthcare together with John
Rollman and don't forget the team. You can work with
any of them at cover SINSI