Preparing for the future with long term care insurance~ LONG TERM CARE - A National Dilemma: You've worked hard all your life to ensure independence and security. You insisted on sound financial planning to meet your future needs such as vacation and retirement. But what about the next step? Will you need long term care? Long Term Care can mean many different things but any chronic or disabling condition which requires care or constant supervision can result in the need for Long Term Care services. Long Term Care includes many areas of care including: -Nursing Home Care -Home Health Care -Assisted Living Facility Care -Adult Day Care -Respite Care -Hospice Care for terminal illness.
Insured's Date of Birth Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Day 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Year 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 Age 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 Gender Male Female Dollar Amount $0 - $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 $19,000 $20,000 $21,000 $22,000 $23,000 $24,000 $25,000 $26,000 $27,000 $28,000 $29,000 $30,000 $31,000 $32,000 $33,000 $34,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 $11,000,000 $12,000,000 $13,000,000 $14,000,000 $15,000,000 $20,000,000 $25,000,000 $25,000,000+
LET'S COMPARE LONG TERM CARE TO OTHER RISKS: Did you know for every 1,000 people... *Five (5) will have a HOUSE FIRE --- Risk of 1/2%* *Seventy (70) will have an AUTO ACCIDENT --- Risk of 7%* *Six-Hundred (600) will need LONG TERM CARE --- Risk of 60%** As you can see, this Long Term Care Risk is not something to take lightly. It will affect many people and their families. Consider this: The average annual cost nationally for nursing home care is about $46,000 or $127 per day for total costs.*** Over 40% of Americans receiving long-term care are under 65 years old.**** WHO PAYS FOR LONG TERM CARE? YOU DO!! Most hospital's, major medical and HMO's do not cover long term care. Medicare was designed to pay for hospital acute care costs and pays less than 2% of all nursing home costs nationwide, usually for skilled care immediately following hospitalization.*** Medicaid does not pay for either nursing home care or other long term care unless you are at the federal poverty level or not until you "spend down" your assets and meet Medicaid's requirements. That leaves the responsibility for long term care costs with you...or possibly with your family. HOW COMMON IS HOME HEALTH CARE? 84% of all Long Term Care is done in the HOME! (According to "Financial Planning, The Care Givers - From the National Long Term Care Network.") In a recent survey of older Americans, it was found that 78% of them preferred to have out-of-hospital care done at Home rather than a Nursing Home. Studies show that for every Senior American receiving care in a Nursing Facility, five others need similar care at Home. One in every five people 75 to 84 and nearly 50% over 84 have Alzheimer's disease. And 70% of people with Alzheimer's live at Home. Approximately 85% of older citizens who need some Home Care help are aided by family members. Older spousal caregivers are 63% more likely to die in a given year than non-caring elderly. In fact, caregivers, at any age, are three times more likely to seek medical or psychological help for depression and stress related symptoms. According to the National Association of Insurance Commissioners, moderate chronic Home Health Care can cost over $20,000 per year. If you think you can ignore Long Term Care in any form, you will most likely find out you were WRONG! Any Questions....? At any time you can begin your multiple, no hassle Quotes by filling in the box to the far right. We service all 50 states, ages 18-85!
