Long Term Care Insurance can protect you and your family from financial disaster
Each plan is customized to your needs and budget.
Current Nursing Home Costs are $75,000 + Per Year! By 2030 That Will Be $226,000
These costs are based on national average (2008) costs for a home health aide for 8 hours a day and for a private nursing home. The average long-term care need prior to passing is 4 years.
These are not alternatives.
Health Insurance Health insurance covers doctor bills, cost of medication, hospitalization up to 100 days. Health insurance does not cover hands-on assistance or custodial care.
Medicare
Medicare has eligibility requirements for skilled nursing care only and is for a limited time period.
Medicaid
Medicaid is a welfare program. It will NOT cover long-term health care costs for the average American. Medicaid kicks in only after a person's assets and dignity are gone. In many states the eligibility threshold for single people is $1,500 in assets. Medicaid is WELFARE.
Personal Investments
Individuals and families burn through their savings, assets, and cash to pay for most of the Long Term Care costs. If the funds run out family members are usually turned to.
Family Members
Children would like to help, but children often have kids of their own. They certainly can't quit their jobs to care for their parents. Would you count on your kids to have the resources, time, skill and patience when the time comes ?
If you or a loved one needs care, are you financially prepared to handle it?
Only Long-Term Care Insurance Can Provide:
Help in your home with daily activities like bathing, dressing, eating and cleaning
Community programs such as adult day care
Assisted living services that are provided in a special residential setting othr than your own home
These services may include meals, health montioring, and help with daily acitivities