Long Term Care

What is covered by the "new" Comprehensive Long Term Care Insurance?

Many services are covered under these Comprehensive Long Term Care Insurance plans, including but not limited to:

• Care in the recipient's home
• Care in an assisted living setting
• Care in a nursing home
• Additional features

Why Long Term Care Insurance?

At some point in our lives Long Term Care services may become necessary due to disability, a prolonged illness, or cognitive disorder.

Unlike the Long Term Care Insurance plans of the past which were basically providing coverage for care in a nursing home, today's Comprehensive Long Term Care Insurance plans are designed to offer you choices and assist you in remaining independent.

They offer you the opportunity to receive quality care in your home or in an Assisted Living setting as well as in a Nursing Home, and may assist you in keeping your lifetime savings intact for the things you really want to do.

Ask yourself if Long Term Care Insurance fits into a plan that can assist you to secure YOUR future!

PAYROLL DEDUCTION AVAILABLE IN MOST STATES!
FACT: The actual risk of needing long term care, either at home or in a facility is greater than 50%. ( Long Term Care,Your Financial Planning Guide, Phyllis Shelton, 2001, p.5)

LONG-TERM CARE

FACT: Estimates are that approximately seven million Americans age 65 or older will need some form of long term care, with the number nearly doubling by 2020. (Health Insurance Association of America Consumer Information. Guide to Long-Term Care Insurance, 1/2002)

FACT: At this time the average annual cost of comprehensive home health care is about $38,000 & an average annual nursing home stay is more than $50,000. (Long Term Care: A Family Crisis, Crawford, 1/2002 & Gotcha Covered, Bloomberg Financial Service, Sanford, 6/2001)

FACT: 2 out of 3 single adults and 1 out of 3 couples become impoverished after only 13 weeks in a nursing home! (Statistics from HIAA, 2000 and WebMD Feature Archives, 4/2002

FACT: Medicare pays just 18 cents out of every dollar in nursing home expenses! (Statistics from HIAA, 2000 and WebMD Feature Archives, 4/2002)

FACT: Long Term Care Insurance can preserve your options, protect your future and help stretch your retirement savings! (Statistics from HIAA, 2000 and WebMD Feature Archives, 4/2002)