The time to plan is now.
November has been declared Long-Term Care Awareness Month because even the U.S. Congress recognizes the importance of making people aware of the risks and costs associated with long-term care. As a professional committed to helping people protect themselves against the risks of long-term care, I encourage you to take this topic seriously. It can impact you and loved ones.
Some things I believe you need to know about long-term care:
You’re probably not covered. Many people mistakenly believe they are covered for long-term care, but this assistance is not typically covered by your health or long-term disability insurance.
Government programs aren’t designed to pay for all your long-term care needs. Medicare only pays for skilled care, while Medicaid only covers the very poor – those whose assets are at or below state-required levels. These programs often don’t cover care provided in your own home.
Long-term care doesn’t mean nursing home care. In fact, the majority of people who need long-term care remain in their own home or in their community. Most long-term care insurance policies will cover people in all care settings including the home. That’s a significant benefit.
Your age and health make a big difference in what protection costs. Many people put off looking into long-term care insurance protection. Waiting to plan can be a mistake because the cost of insurance is based on your age, increasing as you get older. Your health is also a most important factor. Waiting to plan can be a costly mistake because a change in your health can make you ineligible for this protection (no matter how much you are willing to pay).
Why not find out how much long-term care insurance protection costs?
There is no cost or obligation to find out how much long-term care insurance protection costs. Why not find out now. It’s an important first-step to take. Call your local field agent or myself at 859-331-0249. Make Long-Term Care Awareness Month the time you start planning.
Daniel Turnwald
General Agent
