Long term care

Long Term Care is used by people who have disabilities or chronic long lasting illnesses. Long Term Care insurance helps you pay for services beyond medical care and nursing care. These types of assisted care can become extremely expensive and a Long Term Care policy can help you pay for these services. In addition, a Long Term Care policy can make sure that you decide what services you receive, and where you will receive them.

People are living longer and it increases the chance of serious health issues. Ordinary health insurance and Medicare usually do not pay for Long Term Care expenses. Medicaid, a Federal and State health insurance program, will only pay for Long Term Care after you have spent most of your life savings or assets. Long Term Care is your only solution unless you are wealthy and can afford to pay for your expenses out of pocket. The cost of Long Term Care differs from State to State. In the State of Georgia a nursing facility averages $150/day or more which is $54,750 per year. How long could you afford to stay if you had to use your life savings to pay for your care?

Long Term Care insurance can be divided into two types of care: Home and Community Care, and Facility Care:

Many people wait until their 70’s or 80’s to think about purchasing long-term care. At these ages, your health begins to fail and you may be too high a risk, may not qualify, or your may not be able to afford it. The best time to buy long-term care is middle age. Your eligibility and cost will be the lowest while you are in your 50’s.

The cost of Long Term Care varies by the individual. Please contact our agency for an individual analysis and quote