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Let LTC Insurance Consultants be your long term care insurance guide to help you take the right path when you are trying to find a long term care insurance broker. As your long term care insurance specialists, LTC Insurance Consultants will help you determine long term care insurance fact from fiction.
There are several factors to take into consideration when trying to determine the cost of a long term care insurance plan:
* The benefit amount
* The duration of the benefit and when it must be paid
* The person's age
* The kind of care that is covered
* Whether the long term care insurance policy includes protection for inflation
* The overall health of the beneficiary
* The general cost of long term health care in the beneficiary's home state
A long term care insurance company will provide a long term care policy for different types of long term health care:
* Acute care
* Chronic care
* Skilled care
* Non-skilled care
Acute care is provided in hospitals and emergency rooms, and is typically for treatable conditions from which you will fully recover. Conditions requiring acute care typically strike suddenly, such as a heart attack, stroke, or pneumonia.
Chronic care is generally provided in the home, assisted living facilities, and nursing homes. Chronic care usually refers to conditions that are not curable, but are treatable-such as diabetes, hypertension, arthritis, and Alzheimer's disease.
Skilled care is usually provided in nursing homes, but can also be received in the home. To be covered by Medicare, the facility (or home situation) must provide services that require the skills of professional or technical personnel such as registered nurses or physical therapists.
Non-skilled care is the type of long term health care for people who need regular assistance with the activities of daily life due to chronic, physical, or cognitive problems. Non-skilled care can be provided by family members.
* According to a study by the U.S. Department of Health and Human Services, approximately twelve million people over the age of 65 will need long term health care by the year 2022
* More than 6.3 million people who are 65 or older require long term health care, and one in two people over the age of 65 require long term health care
* At least half of the U.S. population over the age of 65 will require assistance associated with the activities of daily living, which includes eating, bathing, dressing, etc.
* In general, people between 18 and 84 who are in reasonably good health can buy home health care insurance from a long term care insurance provider
* About 85% of long term health care is provided either in a home or in a community, and only about 15% is provided in a nursing home
* 22 states allow a state tax credit or a deduction from state taxes for buying a long term care policy
* One year in a nursing home or assisted living facility can exceed $50,000-a stunning statistic that shows how nursing home insurance can make a huge financial difference
* More than 40% of the people who are receiving long term health care are under 65
There are many resources you can use to find a long term care insurance broker-whether you need nursing home long term care or a long term care insurance company. LTC Insurance Consultants delivers the type of long term health insurance advice you can count on to protect you today and for the rest of your life.
Information on Long Term Care Insurance in California |
