Long-Term Care Coverage
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What is Long-Term Care?
Simply put, long-term care refers to lengthy healthcare needs brought on by accident, illness or even by the aging process itself


Choice is the key word!
Choosing our healthcare professionals, and the location where care is received, becomes even more important as we age…and begin to need long-term care services.

Nearly half of all Americans turning 65 will use nursing home care during their lifetime. Assisted Living Facilities are a popular new way to live comfortably in a home-like atmosphere with the assistance of a professional staff nearby if you need help.

One location for care is a nursing home. Nursing homes continue to serve the needs of severely ill or severely disabled people. But a nursing home is not the first choice of most Americans.

Home health care allows us to receive care from trained health care professionals in the privacy and comfort of our own home! Examples may include: home health aides to assist with bathing, dressing and meal preparation, physical therapists and companion care.


What does assisted living facility care cost?
"…for seniors who need help with meals, transportation and some daily tasks, but who don't need constant medical supervision…about $26,000 a year…" (Kiplinger's Retirement Report, November 1998)


What does home health care cost?
Homemaker services = $52 per visit
Home health aide = $55 per visit
Services of a nurse = $99 per visit
How many visits will you need each day? How many days will you need care?


What does nursing home care cost?
1 year = $40,000 (even more depending on where you live)

One in 10 Americans will spend five or more years in a nursing home after age 65, at a total cost of $200,000 to $400,000.


Will Medicare Pay? NO
Long-term care expenses are generally not paid for by: Medicare, Medicare Supplement insurance or the major medical health insurance provided by most employers.


What about Medicaid? NO
Medicaid is a welfare program for low income individuals. HIPAA outlawed the practice of transferring assets to appear "poor on paper"; Medicaid limits choices.


What about family?
Sometimes family can help, for a while, but…Do they live nearby? Can they take time away from work? For how long? If you need additional help, can family afford to pay for it?


How can long-term care insurance help?
LTC Insurance is a financial planning tool for transferring risk. LTC Insurance benefits can help provide the financial means to choose the type of care you prefer.