Page 14 - Jupiter Spotlight - January '20

Page 14, Jupiter Spotlight
Financial Focus

Protect Yourself Against could seriously erode your savings and investments. And • Hybrid policy – A “hybrid” policy, such as life
insurance with a long-term care/chronic illness rider,
keep in mind that Medicare typically pays only a small
Long-Term Care Costs percentage of long-term care costs. Therefore, you may combines long-term care benefits with those offered by a
want to evaluate the following options for meeting these traditional life insurance policy. So, if you were to buy a
By Sally Sima Stahl expenses: hybrid policy and you never needed long-term care, your
If you’re fortunate, • Self-insure – You could “self-insure” against policy would pay a death benefit to the beneficiary you’ve
you’ll live independently long-term care expenses by designating some of your named. Conversely, if you ever do need long-term care,
a nd i n goo d he a l t h investment portfolio for this purpose. However, as the your policy will pay benefits toward those expenses. And
throughout your retirement above numbers suggest, you’d likely have to put away a the amount of money available for long-term care can
years. However, if you ever lot of money before you felt you were truly protected. This exceed the death benefit significantly. Hybrid policies can
needed some type of long- could be especially difficult, given the need to save and vary greatly in several ways, so, again, you’ll need to do
term care, such as a stay in invest for the other expenses associated with retirement. some research before choosing appropriate coverage.
a nursing home, would you • Long-term care insurance – When you purchase Ultimately, you may decide you’re willing to take the
be financially prepared? long-term care insurance, you are essentially transferring chance of never needing any type of long-term care. But if
To answer this question, the risk of paying for long-term care from yourself to an you think that’s a risk you’d rather not take, then explore
you may want to evaluate insurance company. Some policies pay long-term care all your coverage options carefully. There’s no one right
two variables: your likelihood of needing long-term care costs for a set number of years, while others cover you answer for everyone – but there’s almost certainly one for
and the cost of such care. Consider the following: for life. You can also choose optional features, such as you.
• Someone turning age 65 today has an almost 70 benefits that increase with inflation. And most long-term This article was written by Edward Jones for use by
percent chance of eventually needing some type of long- care policies have a waiting period between 0 and 90 your local Edward Jones financial advisor. Edward Jones,
term care, according to the U.S. Department of Health days, or longer, before benefits kick in. You’ll want to its employees and financial advisors cannot provide tax or
and Human Services. shop around for a policy that offers the combination of legal advice. You should consult your attorney or qualified
• The average cost for a private room in a nursing home features you think best meet your needs. Also, you’ll want tax advisor regarding your situation.
is about $100,000 per year, while a home health aide an insurer that has demonstrated strength and stability, as Call me for a free portfolio review at (561) 748-7600,
costs about $50,000 per year, according to Genworth, an measured by independent rating agencies. Here’s one final Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
insurance company. point to keep in mind: Long-term care premiums get more 106, Jupiter, FL 33458.
Clearly, these numbers are worth thinking about. If expensive as you get older, so if you’re interested in this
you needed several years of long-term care, the expense type of coverage, don’t wait too long to compare policies.
Senior Softball Winter League

Opens Jan. 8 Featuring 12 Teams

The Jupiter Senior Softball Association launches The softball program is in its third decade and is a the program year after year and the association is pleased
its 2020 Winter League Jan. 8 featuring more than 200 cooperative effort by the Jupiter Senior Softball Association to recognize all sponsors “and encourage our players,
players competing on 12 teams in three divisions. (JSSA) and the Town of Jupiter. New players are always their families and the public to show their appreciation by
The league runs through March and is a highlight welcome. The partnership with the town and the support of patronizing them throughout the year.”
of the season that extends from April 1 through March 18 sponsoring businesses have been critical to the success of Registration for the senior softball program can be made
31. Games are every Monday, Wednesday and Friday the league, Summers stated. “We couldn’t do it without them.” online at www.leaguelineup.com/jssa or for more information
mornings at Jupiter Community Park. A total of 211 Summers noted that a number of sponsors have supported contact Dave Summers at (561) 800-8230.
players, 55 years of age and over were registered for the
slow-pitch softball program as of mid-December. “We are
play are on a team,” said Dave Summers, JSSA president Experience Dentistry with a Woman’s Touch
pleased that all those who have registered and want to

and league commissioner.
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A senior softball player connects with a hit through the Palm Beach Gardens, FL 33410
infield. More than 200 players, 55 and over, are registered
for the 2020 Winter League that debuts Jan. 8 at Jupiter (561) 622-2815 • www.joannegreendds.com
Community Park.
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Harvard Dental School - Former Instructor
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The Jupiter Senior Softball Association credits the support
of 18 local sponsors and the cooperation of the Town of Patio Enclosures
Jupiter for the success of its year-round softball program. Pool Enclosures
The names of sponsors are displayed on banners at Jupiter
Community Park. Insulated Roofs
Aluminum Roofs
Sun Rooms

Free Estimates Family owned and

561-745-4955 operated since 1990

772-418-6790 We’re local!

Jupiter, Fl