Long Term Care Consultants

 

How do I know if I need Long-Term Care Insurance? 

 

                          nursing home 

  Well... you don't. Any more than you know you'll need homeowners insurance, or car insurance. But Long-Term Care Insurance plans can offer you peace of mind, the knowledge that no matter what happens, a plan is in place.

There are, however, some ways to better determine if Long-Term Care Insurance is something
you should consider. We'll outline some of them below, but please feel free to
contact us if you
would like to speak about your unique situation, we'd love to hear from you!

When most of us hear the words " long-term care" we think of nursing home, Medicare,
Medicaid, all visuals of "old people." Well, long-term care has nothing to do with age.

Yes, the possibility of needing long-term care increases with age but needing long-term care
can happen at any age due to an illness, surgery or accident.

There is a long-term care plan for everyone which may or may not include a long-term
care policy.

How Much Does Long-Term Care Cost?

  • Home Health Aide $22/hour
  • Homemaker Services $20/hour
  • Adult Day Care $79/day
  • Assisted Living Facility $4,250/month
  • Nursing Home $250/day

These figures are average and may vary according to region.

  • It is much easier on everyone if a long-term care plan is put in place before an incident
    occurs. Just like it takes a village to raise a child, it takes a village to care for an infirm adult.
  • It is much easier to pay an insurance premium than it is to write a daily/monthly check for
    the above amounts.

What is a good age to explore your long-term care planning options?


Right now, download our Health Questionnaire that can be printed and sent in for a quote, because you will never be any younger or healthier than this very moment.

There are so many ways to pay for a Long-Term Care Insurance plan:

  • Premiums may be paid annually, semiannually, quarterly or monthly
  • Policy may be paid up in ten years
  • Policy may be paid up by age 65
  • Leverage your money with any one of the linked-benefit products available, i.e., life insurance with a long-term care rider or a 1035 exchange to an annuity with a long-term care rider
  • Explore options available to Veterans or surviving spouses of Veterans
  • Policy may be paid from a Health Savings Account or Health Reinbursement Account