Long Term Care

Extended life spans and rising health-care cost, are prompting more people to look at long term care coverage. The likelihood of a person of any age needing long term care as a result of an accident or injury, a chronic illness, or a cognitive impairment is high. According to the US Department of Heath & Human Services, 70% of people over the age of 65 will need some type of long term care during their lifetime, and of those, 51% will need care for up to 5 years.  Don't think that long term care is just for the elderly, 40% of the people currently receiving long term care are working age adults between the ages of 18 and 64. 

The average cost of care nationally is $204 per day or over $73,000 per year. Long term care needs can place a great financial burden on you and your family, if you are not prepared. This care may be in your own home, assisted living facility, or in a nursing home. Major medical insurance, including Medicare and Tri-Care do not cover long term care. 

Long Term Care insurance is designed to be flexible, allowing you to control the cost in relation to the benefits you will receive. These policies can be confusing and customizing the right policy for your family's needs is important.  A good policy will help protect your assets and your estate, will give you more control over your future care, and provide peace of mind that you will not be a burden to your love ones. 
Please contact our office if you need assistance with Long Term Care.