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I want to be able to take advantage of your 100% free, no-obligation consultation. I want to learn more about how to implement a benefits package that boosts morale, increases the bottom-line, and costs me nothing!
There are many benefits is owning a Long Term Care Insurance(LTCI), regardless of whether you use it or not.
All of these are the top 10 benefits of owning a Long Term Care Insurance!
Long-term care can be expensive. The cost depends on the amount and type of care you need and where you get it. Here are some average costs for care in a nursing home, an assisted living facility, and your own home national average cost in 2010.
Nursing Home $78,000 per year for a semi-private room
Assisted Living facilities for a one bedroom unit charging $3,293 a month
Home Health Care costs average $21 per hour
People pay for long-term care in different ways. These include individuals’ or their families’ personal resources, long-term care insurance, and some help from Medicaid for those who qualify. Medicare, Medicare supplement insurance, and the health insurance you may have at work usually won’t pay for long-term care.
Whether you should buy a long-term care insurance policy depends on your age, health, overall retirement goals, income, and assets. This is where I can provide you a consultative approach for you to make an educated decision in purchasing long-term care insurance.