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As we age, the likelihood we will need some type of medical or personal care increases. We may need long term care – a variety of services which help meet the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods of time. Such services typically include assistance with normal daily tasks like dressing, bathing, and using the bathroom. Long-term care can be provided at home, in the community, in assisted living facilities or in nursing homes
On average the need for long term care services lasts months or years, not weeks or months, and can be very expensive. The costs of long term care on average exceed $50,000 per year (www.longtermcare.gov) and generally speaking, Medicare, Medicare supplement insurance and basic medical insurance plans do not cover the cost.
Long term care insurance was developed for precisely this reason – to provide the needed financial protection against the cost of long term care that other plans simply don’t cover. If you need long-term care services, what financial resources could you call on? Do you have the necessary savings to pay for home health care for six months, a year or longer without the expense being a burden on your lifestyle?
If not, long-term care insurance may be a good option for you to explore.
An insurance policy, based on your need for care, will pay a daily or monthly benefit amount to cover some or all of your long term care costs. Some policies will pay benefits for up to a stated period of time such as three or four years while others pay until a maximum dollar amount has been paid, such as $150,000. Most policies have options for your daily or monthly and policy maximum benefits to automatically increase every year so that your coverage keeps pace with rising health care costs.
It’s never too early to consider long-term care insurance because:
If you are 45 or older and do not have coverage in place, I encourage you to learn more now. For more information including a personalized quote, please contact me.
Senior Reserve Group is an independent agency versus a captive agency who can only sell one brand. Independent agents represent the best interests of the client by shopping with many different insurance companies. Senior Reserve Group’s loyalty lies with you, the client, not the insurance company. Our goal is to match the best plan to each client’s individual needs.
This is a proprietary website. and is not, associated, endorsed or authorized by the Social Security Administration, the Department of Health and Human Services or the Center for Medicare and Medicaid Services. This site contains decision-support content and information about Medicare, services related to Medicare and services for people with Medicare. If you would like to find more information about the Medicare program please visit the Official U.S. Government Site for People with Medicare located at http://www.medicare.gov
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We do not offer every plan available in your area. Currently we represent 11 organizations which offer 72 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.