Retirement Planning

A long term care insurance provider can prove a difficult task to find. With many of us living longer and facing the consequential decision of whether to purchase long-term care insurance, it is vital to find a provider that will meet our specific needs.. Most people purchase longterm care insurance to protect assets, independence and to provide quality care. Long-term care insurance provides a pool of money for your care when you no longer can take care of yourself. It can pay for home care, assisted living facility or a nursing home. An analysis of your needs and goals can help you decide if long-term care insurance is right for you.

Long Term Care Insurance
With Baby Boomers reaching retirement and Americans living longer than ever, Long Term Care Insurance (LTC) policies should be on the minds of many people, in particular those close to retiring and those who will need to take care of loved ones over a long period of time. Long Term Health Care Insurance protects you, as well as those you love, in the event that extended health care is needed in your lifetime.

Long Term Care Insurance Helps to Cover:

Daily activities such as bathing, eating, dressing
Skilled nursing care or rehabilitation training either in a nursing facility or at home
Cognitive impairment such as Alzheimer’s and deals with care-oriented conditions, not cure oriented
Who Pays For Long Term Care (LTC)?

Many people are under the impression that Medicare, Medicaid or their health insurance will pay their Long Term Care costs.

Medicare has eligibility requirements for skilled nursing care only and is for a limited time period.
Medicaid is a welfare program. It will NOT cover long term health care costs for the average American.
Health insurance and medical supplements DO NOT cover nursing home care.
Individuals and families through their savings, assets, and cash pay most of the Long Term Care costs.