Long Term Care Information

 Long Term Care is a broad phrase that was once thought to mean nursing home care. Nowadays it includes care at your home, in a residential setting, or even places in your community.

For more information, click on the link below.

www.longtermcare.state.pa.us

Long term care insurance is not a cure....
it is preventive medicine.

If a condition has developed for which the insurance is needed, you won't be able to get the coverage. You must transfer the risk of paying for your care to the insurance company before the risk occurs.

FACTS ABOUT LONG TERM CARE

Assess the Risk

You have about a one in 1200 chance of losing everything in a house fire.1
(But surely your home is covered.)

You have a one in 240 chance of a major auto accident.1
(But you wouldn't drive without auto insurance.)

You have about a 50% chance that you will need long term care at some point in your life.1

(So why wouldn't your insure your independence?)

1 - "The Real Facts About Long Term Care Insurance", Life Health Advisor Magazine, April 2002 

Understanding the Costs

The national average annual cost of home health care is estimated at over $20,000. (Federal Long Term Care Insurance Program, U.S. Office of Personnel Management, May 2002)

Some people spend as little as $200 a week on health services; those with catastrophic needs could spend up to $150,000 per year. ("The Real Facts About Long Term Care Insurance", Life Health Advisor Magazine, April 2002)

The median cost of care in an assisted living facility is between $24,000 and $30,000 per year. ("The Real Facts About Long Term Care Insurance", Life Health Advisor Magazine, April 2002)

By 2030, the average nursing home stay will cost approximately half a million dollars ("Can Aging Baby Boomers Avoid the Nursing Home?", ACLI, March 2000) 

Seven Priorities of Senior Citizens

If your like most people, you want to:

  • Preserve yoru financial independence
  • Avoid depending upon family members for your care
  • Protect your assets and have an estate for your heirs
  • Be seen as a blessing by your loved ones, not a burden
  • Maintain the wealth you created over a lifetime
  • Assure that you have access to quality care
  • Avoid leaving a legacy of debt to your spouse or children

Long Term Care Insurance can help you achieve these goals.

Services  |  Seniors Only Financial