Paying for Long-Term Care

Long-term care is a type of personal care service older adults may need if they become unable to care for themselves because of a prolonged physical illness, a disability or a cognitive impairment, such as Alzheimer’s disease. Long-term care can be expensive. Long-term care insurance is designed to cover medical and personal services in a number of settings such as your home, adult day care, skilled nursing facility or assisted living community. Most long-term care insurance policies are individual policies and can differ from one company to the next. According to medicare.org, long-term care may be divided into three levels: Skilled care is continuous “around-the-clock” care designed to treat a medical condition and performed by skilled medical personnel, such as registered nurses or professional therapists. Ways to Pay Intermediate care is intermittent nursing and rehabilitative care provided by registered nurses, licensed practical nurses, and nurse’s aides under the • Medicaid supervision of a physician. \\ SPRING/SUMMER 2022 • • • Medicare Long-term care insurance Long-term care riders attached to a life insurance policy or annuity Custodial care is designed to assist with one’s activities of daily living (such as bathing, eating and dressing). It can be provided by someone without professional medical skills but is supervised by a physician. \\ SRGTEXAS.COM • • Accelerated death benefits from life insurance Personal cash or savings Texas created the Long-Term Care Partnership Program, which is a joint effort between private insurers and the state. For a list of companies participating in the program visit: tdi.texas.gov/consumer 48

Reverse Mortgages

Available to Homeowners

Age 62 and Older

• Gain additional retirement funds or delay social security • Flexible options including cash, line-of-credit or monthly payments • Payoff existing mortgages (required) or other debt • You always retain title as long as loan conditions are satisfied

We are local to San Antonio and not a call center

My Approach is Simple

I treat my clients as I would my own family -- the same level of care, education and service that I would provide my own.

Get the information you need from a name you know and trust. Visit my website, texasreverse.net to learn more.

Melinda Hipp NMLS: 219085 Area Sales Manager Serving Texas Phone (210) 493-7332

mhipp@mutualmortgage.com

Borrower must occupy home as primary residence and remain current on property taxes, homeowner’s insurance, the costs of home maintenance, and any HOA fees. Mutual of Omaha Mortgage, NMLS 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. Arizona Mortgage Banker License 0926603. Florida Mortgage Lender Servicer License MLD1827. Texas Mortgage Banker Registration 1025894. These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency. Subject to Credit Approval. www.nmlsconsumeraccess.org MOOMR.1120.43