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Long-term care insurance moves to make before you turn 65
Are you nearing 65 years-old and starting to consider your plan for long-term care? Services like nursing homes and home health aides don’t come cheap. They can cost tens of thousands of dollars per year, or more. For a retiree on a fixed income, that can be a debilitating expense.
But long-term care insurance can help.
This type of insurance simplifies the process of planning for the high cost of your care in the future. Not only can long-term care insurance cover formal caregiving services (like nursing homes and home health aides), it can also offer a means of financial support for your loved ones who provide your care. And, long-term care insurance may even help with accessibility-related home renovations.
But, if you’re close to 65 years-old, it’s important to start your search for long-term care insurance now. And, there are a few wise moves you can make to ensure that you purchase the policy that best meets your needs.
Compare your long-term care coverage options today.
Long-term care insurance moves to make before you turn 65
“Long-term care insurance is crucial for securing your financial future, especially as you age,” explains Justin Stivers, financial advisor and founding attorney at the elder and estate planning law firm, Stivers Law. Here are four smart long-term care insurance moves you should make before you turn 65:
Plan your care
It’s important to create a care plan before you purchase a long-term care insurance policy. That’s because there are multiple different types of long-term care. And, each of those care types typically comes with a different price tag. For example, if you plan on aging in a nursing home, you could need over $100,000 annually for a private room. On the other hand, an assisted living community or home health aide could cost tens of thousands of dollars less per year.
That’s a significant difference in coverage needs, which can have a meaningful impact on your premiums.
Also, think about aging at home as a potential plan. Though there may be additional costs associated with accessibility-related home renovations (which some policies cover), leaning on family for care from time to time can cut your overall care expenses. Moreover, some policies are designed to help you age at home and may even pay your family caregivers.
Chat with a long-term care insurance agent about your care plan now.
Consider your retirement income
You may not need long-term care insurance to cover 100% of the cost of your care. If you have retirement income, you may be able to use a portion of that income to reduce your long-term care insurance coverage needs – which may reduce your premiums.
So, think about how much your long-term care plan might cost you and how much retirement income you have to cover that cost. Then, use long-term care insurance to fill in the gap between the amount of money you expect your retirement income to provide toward your care and your total care cost.
Compare your options
Premiums charged by long-term care insurance companies can vary greatly. So, you should compare your options. Look for providers that offer the type of coverage you want first. For example, if you plan on aging at home, find a few policies that are designed to help you do so. Then compare the cost and features of those policies to find the one that’s best for you.
Purchase your policy now
Finally, purchase your coverage now, before you turn 65. “As you age, health issues may arise that could disqualify you from obtaining coverage or result in higher premiums,” says Stivers. “By securing long-term care insurance before turning 65, you’re more likely to meet the health qualifications and avoid potential exclusions or limitations.”
Purchase your long-term care insurance policy now before it’s too late.
The bottom line
If you don’t already have a plan to pay for your long-term care, it’s important to create one before you turn 65. When you do, think of the type of care you want access to, how much that care might cost and how much coverage you need (in addition to any retirement income you can apply toward your cost of care). Then, compare your long-term care insurance options and purchase the policy that you believe best meets your needs.
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How to watch the Arizona Cardinals vs. Miami Dolphins NFL game today: Livestream options, more
The Arizona Cardinals vs. Miami Dolphins NFL game will be played today. The Cardinals are taking on the Dolphins following a close 17-15 win over the Los Angeles Chargers — a big victory after a tough loss to the Green Bay Packers the game prior. The Dolphins were defeated 16-10 in their latest game to the Indianapolis Colts.
Here’s what to know on how and when to watch the Arizona Cardinals vs. Miami Dolphins game today, even if you don’t have cable.
How and when to watch the Arizona Cardinals vs. Miami Dolphins game
The Cardinals vs. Miami Dolphins game will be played on Sunday, October 27, 2024 at 1:00 p.m. ET (10:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Arizona Cardinals vs. Miami Dolphins game without cable
You can watch Fox through several streaming services if it’s not included in your cable package or if you don’t have cable. All you need is an internet connection and the top options outlined below.
Watch the Arizona Cardinals vs. Miami Dolphins game for free with Fubo
Fubo, a contract-free live TV streaming service offering comprehensive sports coverage, gives you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN and the NFL Network, plus NCAA football channels. The Pro tier ($80/month, first month $50) includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier ($100/month, first month $70) adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and $30 off their first month, with all plans allowing streaming on up to 10 screens simultaneously.
Watch today’s Arizona Cardinals vs. Miami Dolphins game on Sling
One of the most cost-effective ways to watch major sporting events is through a subscription to Sling’s Orange + Blue tier ($60/month, currently half-off first month at $30), which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watch the Arizona Cardinals vs. Miami Dolphins game on Hulu + Live TV
You can watch NFL games, including Fox broadcasts, with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service costs $77 per month (with a three-day free trial) and includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? The NFL+ streaming service ($40/year or $7/month) lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.