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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2026

Benefits of Long-Term Care Insurance

Medical technology concept. Long-term care technology. Essential worker.

Long-term care (LTC) insurance offers crucial financial protection for individuals who require ongoing assistance with daily activities due to aging, chronic illness, or disability. As healthcare costs rise, LTC insurance offers significant benefits, making it an essential consideration for many.


Financial Security
LTC insurance covers expenses for services such as in-home care, assisted living, or nursing homes, which can cost $50,000 to $100,000 annually, according to 2025 estimates. Without coverage, these costs can deplete savings, burden families, and force them to rely on Medicaid, which may limit their care options. LTC insurance preserves personal assets and retirement funds, ensuring financial stability.


Flexible Care Options
Policies typically cover a range of services, from home health aides to adult daycare, allowing individuals to choose care settings that suit their preferences. This flexibility supports aging in place, which 70% of seniors prefer, according to AARP data, thereby enhancing comfort and independence.


Reduced Family Burden
Without LTC insurance, family members often become unpaid caregivers, leading to emotional and financial strain. LTC coverage alleviates this by funding professional care, preserving family relationships, and reducing stress. According to Bankrate, in 2025, with 46% of Americans lacking sufficient emergency savings, relying on family support is increasingly unsustainable.


Tax Advantages
Premiums for qualified LTC insurance may be tax-deductible as medical expenses, subject to IRS limits based on age. For small business owners, the One Big Beautiful Bill Act (OBBBA) of 2025 enhances deductions for employerprovided benefits, potentially lowering costs for self-employed individuals or those offering LTC to employees.


Why It's Important
LTC insurance is crucial for those over 50, individuals with chronic health conditions, or those with family histories of prolonged illness, as 52% of people turning 65 will need longterm care, per the U.S. Department of Health. Planning early—ideally in one's 50s—secures lower premiums and better coverage options.


While not everyone needs LTC insurance, it's vital for those prioritizing financial independence and quality care. Consulting a financial advisor can clarify costs and benefits, ensuring informed decisions.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
Meaglia Financial Consulting and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.

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