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What
Are The Advantages Of LTC Plans?
- You maintain
financial independence
and personal dignity.
- You have
control over when and where you receive care as well as the
quality of care.
- You have
peace of mind knowing you won't
be a burden on your family.
- You are
protecting your assets for your spouse and heirs.
Why
Now?
Age is in your favor. You will never be any younger than you are
today. Premiums are based on your age at time of application.
Your good health is the window of opportunity for obtaining coverage
with a top-rated carrier. Plan now before your health changes.As
we
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age,
long term care costs may well become our greatest financial risk.
Can
Everyone Qualify for LTC?
Unfortunately,
no. The best time to apply for coverage is when you are healthy.
You will most likely be eligible for coverage and your premiums
will be lower.
What
Options Do I Have?
- Depend
on Medicare: Medicare pays only for skilled or rehabilitative
care and only for up to 100 days; plus it pays only after three
consecutive days of hospitalization and only for approved charges
in approved facilities. On the whole, Medicare pays only 9.4%
of long term care costs nationwide.
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- Let Medicaid
pay for it: To qualify for Medicaid, a patient is required to
"spend down" all assets to the point of poverty. At
that point, Medicaid will assume a portion of the cost of long
term care. However, by then, the patient has forfeited all right
of choice.
- Rely on
private insurance coverage: A private long term care insurance
plan may help you share the risk as well as protect your assets
and provide financial freedom.
Click
here to request more info
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