Long Term Care Insurance

“Only old people need this kind of insurance!” is the frequent response when the subject of long term care is raised to someone in their forties or fifties.    Well, let’s start with a bite of reality. In 1995, 40% of the people in long term care facilities were between the ages of 18 and 65.

With an average monthly cost approaching $5,000.00 this is a totally unexpected and unprepared financial disaster waiting to happen. (It is important to understand that health insurance, be it a group medical plan or an individual health plan, does not normally pay for these expenses.)  

A major misconception is that Medicare pays for Long Term Care for seniors in a facility.  In fact, except for a very narrow period of time, Medicare pays little or nothing.  The largest payer of long term care hospitalization in California is MediCal—the State’s poverty plan!  In order for a senior to qualify for this benefit you must prove that you have spent yourself into poverty!  

This expense can dramatically and disastrously impact a retirement plan.  When one spouse requires care, the other can be reduced to near poverty.  And that is completely unnecessary!

Long term care insurance is available and affordable to most people.  But you must be healthy to acquire it.  And now is the time to investigate its benefits and costs.

For complete information complete the Request a Proposal or call me at 1-800-809-3467.