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What's your long-term care plan?

What's your long-term care plan?

Here's an opportunity to get information from a new, local source.

On Thursday, February 2, Galeon Coverage, LLC, will host two sessions focusing on long-term care and strategies for staying financially healthy when long-term care services are needed.

There will be two workshop opportunities - one at 2 p.m. and another at 6:30 p.m.

The event is free, but space is limited. Attendees are asked to call Galeon at (320) 859-2142 to reserve a spot.


Galeon Coverage, LLC, is a new insurance agency that will specialize in offering long-term care insurance coverage.

"This is our second venture into prevention services," said Galeon Administrator and CEO Dave Carlson.

"Our first venture resulted in Club Galeon Fitness Center, which is a world-class fitness center for older adults in Osakis and the surrounding communities. We're empowering 400 to 500 people with equipment and programs that will help them stay strong and healthy.

Now, in terms of financial fitness, Carlson said Galeon Coverage was created to empower people with the information they need to make healthy financial decisions for their future.

"It's the first time, to my knowledge, such a thing has been done by a provider of long-term services in Minnesota or anywhere else in the country," Carlson said.

He added that Galeon Coverage will not get into any other lines of insurance.

"Long-term care insurance is relatively complicated and we want to take some of that complication out of the process for people," he said.


"The [Galeon] board and I believe that services for older adults are crippling our government. Our industry is in crisis and we have to find a way to cover and pay for the services of increasingly large numbers of older adults - including baby boomers - at a time when government cannot afford to pay those services," Carlson said. "About 70 percent of our business at the moment comes from people who require government assistance. It represents a significant amount of our budget.

"We think we have a responsibility to help people learn about coverage opportunities that are out there."

Carlson said, at CMH, less than 1 percent of people have insurance for the services that long-term care providers - like Community Memorial Home - offers.

"That just cannot continue," he said. "Government cannot afford to pay that bill."


The meetings on February 2 are open to people of any age. However, Carlson said, "If people take action before their 50s or mid-50s, they will be in a much better position to afford the coverage that's available."

Long-term care includes more than nursing home coverage; services like home health care and lower levels of direct care are also included under the long-term care label.

"There are many ways to use this coverage in ways that help people stay the way they want to be and that's at home," he said.

The meetings will feature presentations made by:

• Carlson, who will talk about long-term care services and ways to prevent those costs from harming financial health, especially during retirement years.

• Debbie Walter, Galeon business manager, will give real-life examples of how the expense of long-term care services have affected people.

• Mark Randall, long-term care expert from GoldenCare USA, will present information about helping educate people about long-term care insurance, programs and more.

• Bob Hegg, Galeon's long-term care consultant, will be available to answer questions related to coverage offered by specific carriers.

Follow Amy Chaffins on Twitter at @TheOsakisReview.

Amy Chaffins

Amy Chaffins is a journalist working for the Echo Press newspaper in Alexandria, Minnesota.

(320) 763-3133