Addressing the Growing Crisis in the Costs of Long Term Care

with Tom Beauregard,

Founder and CEO, HCG Secure

This week on the Art of Aging, host Michael Hughes welcomes Tom Beauregard, Founder and CEO of HCG Secure. During the conversation, Mike and Tom discuss the crisis in long-term care affordability. Tom shares his personal experiences and highlights the struggles of middle-income families with traditional long-term care insurance. They two discuss HCG Secure’s innovative fintech solutions that offer accessible coverage and integrated services, the importance of planning for care needs, the evolving fintech landscape, and the reception of new insurance models, and more.
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Notes:

 

Highlights from this week’s conversation include:

  • The looming crisis in long term care affordability (0:07)
  • Inspiration behind founding HCG Secure (1:01)
  • Challenges of traditional long-term care insurance (3:25)
  • The impact of long-term care costs on middle-income families (4:51)
  • Public and private sector responses to the long-term care crisis (10:33)
  • Failings of traditional long-term care insurance (13:34)
  • HCG Secure’s approach and solutions (16:10)
  • Affordability and accessibility of HCG Secure’s products (20:52)
  • Motivation for taking action (23:45)
  • Innovation from big players in the space (27:00)
  • Tom’s personal growth with aging (28:04)
  • Passion and energy in problem-solving (00:29:29)
  • Inspiration from aging heroes (31:02)

 

Abundant Aging is a podcast series presented by United Church Homes. These shows offer ideas, information, and inspiration on how to improve our lives as we grow older. To learn more and to subscribe to the show, visit abundantagingpodcast.com. 

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