Yale S. Hauptman, Founding Partner, and Laurie A. Hauptman, Partner, were featured during a segment on CBS 2 News where they discussed the importance of planning ahead for long-term care.
The segment, led by reporter Lisa Rozner, highlighted cases of early on-set dementia as seen in adults as young as 42 years old. Yale and Laurie discussed the overwhelming expenses associated with long-term care. Yale explained:
It gets very expensive, it can be $150,000 a year or more.
The Hauptmans recommended families begin considering long-term care insurance as early on as the age of 40, since it may provide coverage for unforeseen crises that health insurance and Medicare do not cover.
Laurie advised that:
Everyone over the age of 18 needs to have a power of attorney, a health one, a healthcare power of attorney and a financial one. Putting a legal plan into place is vital as you never know when long-term care may be needed.
CLICK HERE to watch the segment.