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 life, health, disability and long term care 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 develop effective, low cost insurance programs utilizing simplified underwriting, discounts and tax benefits where possible. 

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.

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

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