Long Term Care
What is Long Term Care Insurance?
Long-term care insurance is a type of insurance that helps cover the costs of long-term care services, such as nursing home care or in-home care, for people who are unable to perform daily activities on their own due to a chronic illness, disability, or cognitive impairment.
Long-term care insurance policies typically cover services such as assistance with bathing, dressing, and eating, as well as skilled nursing care and rehabilitation services.
Why Do I Need a Long Term Care Policy?
According to the U.S. Department of Health and Human Services, the national average cost of a private room in a nursing home was $8,821 per month in 2020.
In-home care services, such as a home health aide or homemaker services, can range from $20 to $30 per hour, depending on the location.
Adult day care services can range from $75 to $150 per day, depending on the location.
The Bottom Line Is This:
Long Term Care has become unaffordable for all Americans. Nobody wants to disinherit their children or grandchildren. Without a Long Term Care policy, you will be forced to spend down all of your assets you worked a lifetime to accumulate in order for the state to pay for LTC costs. This will take away from any legacy you wished to leave for your loved ones.
A Long Term Care Policy prevents this from happening. Call Today.