Pathways

Protect Your Future,

Today

Not many of us want to think about it, much less talk about it, but the reality is that if we live long enough,
there’s a good chance we’ll eventually need long term care.
What is long term care?
It’s the help you need when you can no longer take care of yourself and become dependent on others – possibly
your family.
Aside from the physical and emotional toll that long term care can take, most people are surprised to hear how
much that care costs. Whether delivered at home or in a facility, paying for long term care could completely
deplete your assets and retirement savings.
Public Long Term Facility Private Long Term Facility
Daily Monthly Annually Daily Monthly Annually
Basic $50.00 $1,480.71 $18,250.00 Least Expensive $117.00 $3,500.00 $42,000.00
Semi-Private $57.47 $1,724.32 $20,976.55 Average $185.00 $5,500.00 $66,600.00
Private $66.61 $2,048.49 $24,312.65 Most Expensive $334.00 $10,000.00 $120,000.00

Home Care - by paramed home health services Government Role In Home Care Services
Registered Nurse $45.75/hr One hour per day of a Personal Support Worker
A care manager from the Community Care Access Center (CCAC)
Licensed Practical Nurse $28.03/hr
assesses each case on an individual basis
Personal Support Worker $26.00/hr If termed ‘Palliative’ the government will offer more care
Home Support Worker $21.90/hr The waiting list for home care is between six and nine months
Companion $17.84/hr The care provided may be a bath or supervision
Average Spent Annually $65,000 The individual must cover all remaining expenses out of pocket

There is a solution. It’s called long term care insurance. It can help you: protect your retirement assets;
plan and control care decisions and lighten the care burden for your loved ones.
You’ll have the financial resources to make choices:
Select care in a setting that is convenient and suitable to your needs or professional attention in your home
Payment of medical expenses that may be only partially subsidized by provincial health plans
Benefits paid directly to you, so you can choose how to use them
Some plans only require payments for a limited time and are guaranteed not to increase for 5 years

For more information on Long Term Care Insurance, contact your advisor
John Sabourin, BA, B.Comm, FLMI, CFP
Telephone:    (519) 675-1177 1-888-327-5777
Facsimile:     (519) 675-1331
www.selectpath.ca
John@selectpath.ca