St. John’s Executive VP and CFO on Long-Term Care Insurance

Sabrina McLeod, St. John’s Executive Vice President and Chief Financial Officer shared her expertise with the Rochester Business Journal‘s readership in her submitted article, “Funding Your Future: Navigating Long-Term Care Insurance,” which appeared in the April 4 issue.

McLeod brings 15 years of experience to her new role, but this is not her first position with St. John’s. McLeod was St. John’s Director of Finance and Business Performance from 2010 to 2015—her return to St. John’s in 2025 comes at a time of innovation and restructuring within the organization.

“The key is to be proactive,” says McLeod.

In her article, McLeod details the importance of having and understanding long-term care insurance.

“Long-term care insurance offers a vital safety net, helping to protect your assets and ensure that you have more choices and control over your future,” says McLeod.

She points out that investing in this insurance not only benefits you and your loved ones by paying for care and/or services, but it also protects you financially.

“Aside from securing your assets, a policy ensures that you are not burdening loved ones with overwhelming financial decisions,” says McLeod.  “Without insurance, families can be faced with emotional and financial strain as they try to cover the costs of care.”

“It is important to carefully evaluate the details of the policy,” according to McLeod.

Some key considerations to keep in mind while evaluating insurance policies include waiting periods, transferal opportunities, care prices, and deposits. When touring a long-term care community McLeod says to ask, “Whether there is a deposit requirement, what services are included in the base rate, and how often fees are adjusted.” She says these key questions will help with any unpredictability down the road.

“Talk to long-term care facilities about their pricing, services, and expectations, and be sure to understand how your insurance or savings can support your future care needs,” says McLeod.

According to McLeod, the earlier you start in your planning, the more options you will have.

Read Sabrina McLeod’s full article here.

St. John’s Online Finance Resources:

The Financial Challenges Facing Older Adults in Rochester, NY 

How Older Adults Can Protect Their Finances and Peace of Mind

Tips for Older Adults to Manage Their Health and Finances