Why Long Term Care Insurance?
Long-term care will be the burning health care issue of the 21st century, as baby boomers struggle to prepare for their own needs and take care of their parents as well. We must begin to prepare now for those challenges.”
 
Pete Stark, Aug 1999.
 
People are living longer
Long-term care costs are increasing
Family structure is changing
 
The number of elderly needing long term care is expected to increase from seven million in 1997 to ten million in 2018. Some 42% of Americans who reach the age of 70 can expect to use long-term care services at some point in their lives. More then half of all women and a third of all men who reach age 65 are expected to spend some time in a nursing home.
 
A recent Met Life survey states the average cost of a nursing home stay is over $56,000 per year and is currently over $100,000 in metropolitan areas. Think you can save money by staying at home? Think again, as home costs for a private-pay, licensed home health aide runs between $15-$50 per hour. Long-term care costs are escalating and expected to double in 20 years and quadruple in 30 years.
 
How will you finance these costs?
 
Many Americans assume the government will pay for their long-term care costs. Medicare may pay for some short term needs. Medicaid mandates that you deplete your assets before benefits are available and options are limited.
 
True choice in selecting the setting and the provider for long-term care is dependent upon your ability to pay privately. Only long-term care insurance offers that option.

Still wondering why you need long-term care insurance?

For more info on long-term care insurance, to request a quote, or if you have other questions, please call us at 631-393-5039 or email us at info@ltcamerica.com.

 

 
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To schedule a consultation, request a long-term care insurance quote, or other questions, please contact us:

 

LTC America, LLC · 8110 Cavalli Way, Lake Worth, FL 33467

phone 880-380-5443· fax 561-880-6880 · email: info@ltcamerica.com

Offices located in New York · South Florida

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