The Cost of Long Term Care & Insurance
If you’ve already investigate the cost of Long Term Care, you know that it can be very high. For one year of round the clock care, a nursing home might charge $40,000. In some regions it can be as much as $100,000. An hour-long home visit everyday might be $1800 a month, and 8 hours a day every day might be $7200 a month.
Even if you could afford to pay for Long Term Care out of pocket, it would be so financially draining you probably couldn’t do it for very long. Medicaid will cover Long Term Care, but only once you are truly impoverished and have no more assets. Long Term Care Health Insurance is the easiest and most logical choice.
Long Term Care Health Insurance is like any form of insurance: you pay a monthly premium, and when you require payment for Long Term Care a claim is filed and you receive payment. It began as a supplement to Medicaid years ago but has since expanded to comprehensive coverage.
How can I find out more information?
When you request your free no obligation long term care quote you will receive the Free Insider’s Guide to Long Term Care . Giving you the chance to learn even more about your options and speak with a licensed local insurance professional in your area...Take me There.