|Solution to Your
Long Term Care Needs
|You May Choose a Tax-Qualified
or Non-Tax Qualified Plan.
|Don't Risk Your Independence and Financial Security.|
|Take Control of Your Long Term Care Needs Today -|
|You may not know Long Term Care insurance can be the most efficient means of protecting your assets against the threat of Long Term Care costs. With a Long Term Care insurance plan, you are able to retain your independence so that your care is not a burden on your family and loved ones. Planning now is not merely something to consider - in todays society it is essential.|
What is Long Term Care?
Long Term Care is the private sectors solution to
the growing need for quality care. Long Term Care insurance will provide you with the
means to pay for all levels of care, including skilled, intermediate and custodial care.
This care may occur in several places - at home, in a nursing home or in an alternate care
facility. Nursing home stays, home health aids, and assistance with day-to-day activities
in the home, such as dressing and meal preparation, are examples that may be covered under
your Long Term Care policy. Allow Us to help meet your specific Long Term Care needs.
Long Term Care Facts & Figures
Will Medicare Help With the Costs?
|Nationwide, Medicare pays less than 2% of Long Term Care expenses4 and less than 9% for Medicare recipients, as shown in the graph below.|
|Medicare only pays up to 100 days for skilled nursing care, and even then, only after a three-day hospital stay.4|
|Custodial care, assistance in areas like bathing, dressing and eating, is not covered under Medicare.4|
Medicare simply was not designed to cover your Long Term Care expenses. For long-term security, you will have to consider other options.
Will Medicaid Help with the Costs?
|To qualify for Medicaid, you must meet federal poverty guidelines, forcing you to exhaust personal assets before your care is covered.5|
|Medicaid recipients have no control over where they receive Long Term Care services.5|
|The recent Health Insurance Portability and Accountability Act (HIPAA) makes it unlawful for people to transfer assets to qualify for Medicaid coverage.5|
What Are Your Options?
|Personal Savings. It will probably take 25 years of saving to provide you with as much coverage as a Long Term Care insurance policy.6|
|Assistance from Family Members or Loved Ones|
|Long Term Care Insurance. This option allows you
flexibility, independence and peace of mind. Transfer the risk to the insurance company. |
|1.||Guide to Long-Term Care Insurance 1996/97, Health Insurance Association of America.|
|2.||Who Buys Long-Term Care Insurance? 1994-95 Profiles and Innovations in a Dynamic Market, Health Insurance Association of America/Life Plans, Inc.|
|3.||A Shoppers Guide to Long-Term Care Insurance, Published by NAIC, 1996.|
|4.||HIAA Consumers Guide to Long-Term Care, February, 1991.|
|5.||Long-Term Care Insurance: An Employees Guide, HIAA.|
|6.||United Seniors Health Cooperative, 1995.|
|7.||The Consumers Guide to Long Term Care Ins. HIAA|
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