You have worked hard over the
years for an enjoyable retirement. Now you can protect your assets by preparing
to fund the long-term care you may someday need.
is why you should: According to the Health Insurance Association of America (HIAA)
in its 2002 A Guide to Long-Term Care Insurance, a year in a nursing home is estimated to cost a national average of $50,000
with some areas easily costing twice that amount, and just three visits a week by a home care aide can add up to $12,000 a
The Federal Government’s
General Accounting Office estimates that long-term care costs will triple in the next twenty to thirty years.
HIAA advised in 2002 that Medicare
pays only about 12% of all nursing home costs, and just for short-term skilled nursing home stays after hospitalization. It
covers home care for short-term unstable conditions, not for longer-term assistance.
age 65, a person faces at least a 40% lifetime risk of
needing long-term care, according
to A Guide to Long-Term Care Insurance.
Fortunately, you can prepare.
Long-Term Care insurance lets
you choose care coverage not only for nursing homes and assisted living, and also for home and community services. Its options
let you create a joint policy, keep up with inflation and leave a benefit to your heirs.
Let us help you determine
whether a good Long-Term Care Insurance policy is the right decision for you and your overall estate plan.
Please feel free to call for an