Free quote: http://www.mintcofinancial.com/long-term-care-insurance-quote.asp
Will I need a long term care insurance policy or certificate?
The possibility of needing long term care increases with age. At age 65, seniors face a 40-percent lifetime chance of a nursing home stay, according to the U.S. Department of Health and Human Services. For about 10 percent of the seniors, this stay will last five years or longer. You may not need long term care insurance if you have enough savings to cover your health care. Nationally, the average cost of nursing home care may be about $50,000 a year or more, according to America’s Health Insurance Plans (AHIP). Medicaid is the only government program available to pay long term care costs for those who meet certain federal poverty guidelines and cannot afford to buy private insurance or pay the costs out-of-pocket. Contact your local Social Security office or your Area Agency on Aging for more information on Medicaid. .
Informal caregivers, such as family and friends, provide about 70 percent of all long term care, according to America’s Health Insurance Plans (AHIP). You should discuss with your spouse, children or friends what assistance they would provide if you became sick or injured and needed care. It is a difficult subject to discuss, especially when you are feeling well, but you should know what kind of help they can provide and what care you will have to pay for.
Free quote: http://www.mintcofinancial.com/long-term-care-insurance-quote.asp
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