Have You Planned for Long Term Care?
You or your spouse are increasingly likely to have a Long Term Care event during your retirement years. But most people don’t realize how expensive Long Term Care can be. And contrary to what many people believe the majority of it is not covered by most private health insurance plans or by Medicare.
- Average cost of a Nursing Home is over $70,000 a year*
- Average cost of Home Care Aid is $32.50 per hour*
Perhaps the biggest missing component in most people’s retirement plan is preparation for the potentially devastating financial impact of an illness requiring Long Term Care.
If you are relying on your health insurance or Medicare you may be in for a surprise. Medicare doesn’t offer extended Long Term Care coverage. (Medicaid does, but only if you are legally destitute). The statistics can be shocking. Nearly two-thirds of people over age 65 will need Long Term Care at home or in a facility.*
However, Long Term Care insurance isn’t right for everyone. Work with a Long Term Care specialist to find the type of plan that fits your needs and budget.
ACSIA Long Term Care, Inc. is proud to represent the top carriers in the Long Term Care Insurance industry. We have carefully selected our carrier partners based on their experience, ratings and customer credibility. They have demonstrated to us that they are committed to their policyholders through policy benefits, premium pricing and claims-paying history. We are proud to be associated with them.
* U.S. Department of Health and Human Services National Clearinghouse for Long Term Care Information, 10/22/08.