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LONG TERM CARE INSURANCE
(LTCI)
Long
Term Care is probably the most overlooked of personal insurance needs.
Myth or
Fact?
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Myth |
“I don’t have to
worry, I have Medicare!” |
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Fact |
Medicare only pays
for approximately 15% of long term care - and then only for
skilled care. |
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Myth |
“I will never have
to live in a nursing home! My children will take care of me!” |
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Fact |
The reality of life
is 46% of people over age 65 will spend some time in a nursing
home. |
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Myth |
“I don’t need to
worry about this until I’m OLD! |
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Fact |
Over 37% of Benefits
paid are for clients under the age of 65. |
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Myth |
“LTCI won’t be that
much more expensive if I wait until I’m 65.” |
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Fact |
While it might not
be cost prohibitive, because of declining health you are much
more likely to be uninsurable after age 65. |
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Myth |
“I want to stay in
my own home, but LTCI will only pay for nursing home care.” |
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Fact |
Some of the better
LTCI companies will now pay for Home Health Care, Adult
Day Care, Assisted Living Care, as well as Nursing Home Care. |
How will you afford to take care of your future health needs?
Facts:
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Due to medical technology we are enjoying extended life spans.
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Average cost of Care in South Carolina is $3,500.00 to $5,500.00 a
month.
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Average stay in a Nursing Home is approximately three years.
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Medicaid doesn’t step in until you have spent all your savings,
and then only if your income is low enough to qualify.
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We dream of all the fun we’ll have when we retire…spending
time with our family and friends, travel, sports, etc. All
too often retired folks are afraid to spend a dime, in
case they get sick and need the money. With LTCI that risk
is protected and you’re free to enjoy the retirement
you’ve worked hard for all your life! |
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Leave your name and phone number on
the contact us page, and we will gladly
get you the information that will help you make an informed decision
as to which plan is best for you.
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