Why Should You Plan?
Because, at least 70 percent of people over age 65 will require some long-term care services at some point in their lives. And, contrary to what many people believe, Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need - help with personal care such as dressing or using the bathroom independently.
LTC insurance is health underwritten, which means you have to be reasonably healthy to be able to purchase it. You can't buy insurance once you need care!
Different companies underwrite and price differently, and the younger you are the cheaper it will be. If you cannot pass health underwriting you can consider an annuity with long term care benefits, contact us for more information.
With the Deficit Reduction Act of 2005, the federal government sent a clear message to Americans — paying for long-term care is your responsibility. The Act made it more difficult to qualify for Medicaid paid long-term care. It also expanded the Partnership Program to provide asset protection from Medicaid spend-down requirements. We are Long Term Care Partnership certified and can answer any Partnership questions.
Planning begins with requesting a quote (on your right). You will be contacted about your quote. Next, you can apply for approval by either mail or meet with an agent. If approved you will be billed for the policy and you will have 30 days to review it.
About Long Term Care
Email or call us if you have any questions – toll free 1-888-582-2464
Are you a business owner or manager? What if you, an employee or a spouse needs long term care, what will it cost your business? - LTC Financial Advisors
Long Term Care 101
According to the US Dept of Health, 70% of Americans will need some long term care.
Long term care is the largest unsecured risk facing Americans today.
Long Term Care Insurance
Health insurance and Medicare will not pay for most long term care. Wouldn't you want home care?
You can wait but it won't be any cheaper and you may not be any healthier than you are today.