Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Between an ever-shifting investment market and a plethora of recent changes to the long-term care insurance industry, a continuing care retirement community (“CCRC”) may seem like a beneficial way to plan for your long-term care. After all, the annual median cost of an assisted living facility for 2015 in the US rang in at $43,200, while the annual median cost of private room nursing home care in the US reached $91,250. A continuing care community therefore allows you to purchase independent living housing with the promise of being able to move into an assisted living or nursing home if the need arises. 

Having a conversation with your parents and spouse about long term care in advance of a need will help to follow their wishes without second-guessing yourself. Long Term Care Insurance may be part of the funding solution.

Melissa Barnickel was interviewed by I95 Business for Women of Influence.

Read more to learn about Melissa's personal and professional background and how she helps clients and their trusted advisors to preserve their hard-earned assets by incorporating insurance with their financial plan.  

According to AARP and the National Alliance for Caregiving (NAC), approximately 7.5 million Americans care for loved ones age 49 or over for an average of 41 hours a week. What many of these caregivers are unaware of is that respite care exists that would allow them time off from the often around-the-clock services they are providing for their care recipients.

The true financial cost of long term care for caregivers can be a huge burden. No one wants to be dependent on someone else for everyday tasks, however, the truth is that almost 70% of Americans 65 years of age and older will need long term care at some point in their lives. Here is what you need to know about the real cost of long term care if you are a caregiver.

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Our goal is to provide you with essential information about long term care, life, health, disability insurance products so you can make sound decisions regarding your insurance needs. It is our belief that an educated consumer will efficiently integrate insurance into their long range planning.  We work with individuals, employers and association groups to maximize tax benefits. 

Baygroup Insurance provides consumers with information, options and solutions to help them achieve their financial goals. We work with financial and legal advisors to help them address the insurance needs of their clients.  

We listen, we educate, we innovate

Baygroup would enjoy the opportunity to educate you and your group.

We offer the following insurance products:

Long Term Care Insurance

Long Term Care Planning is tailored to your preferences and needs. Individual, Group, Life/Long Term Care, Annuity/Long Term Care, Combination Plans. Although not long term care - Short Term Care (less than 1 year) and Home Care only policies are also available through Baygroup Insurance.

Life Insurance

Term Life Insurance, Permanent Life Insurance (Whole Life, Universal Life)
Disability Insurance Individual Disability Insurance
Health Insurance Individual Health Insurance,  Medicare Supplement Insurance (Medigap)

Short Term Care

What is Short Term Care?

Short Term Care (STC) offers a facility (nursing home or assisted living) benefit and may have some hospital coverage and home health care for up to 365 days. Short Term Care will help people for temporary stays in a nursing home, assisted living or hospital. This can be for skilled care and custodial care. Prior hospitalization is not required for short term care. A certification of expecting to need care 90 days or more is not required.

Prepare for LTC NOW - Client is in an Assisted Living or Nursing Home Now

A Medically Underwritten Immediate Annuity will be a good solution for someone in an assisted living or nursing home that is able to re-position assets to generate an income stream for the rest of his or her life.

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