There is so much to talk about why would someone need Long Term insurance. However, I found a government website that explains it all. It has statistics, stories, recommendations, alternatives, and Long Term insurance options. Here is the site: Long Term Care.gov
You are going to find out that the cost of Long Term Care (which includes nursing home, assisted living and in-home care) continues to skyrocket. It’s important to know that most people pay for long term care either from personal savings or Medicaid when their savings is depleted, or through a LTC insurance policy. National median average costs for nursing home care today is over $87,000 per year, while assisted living averages $42,000/year.
That is the reality folks! Now, the reality is also that Long Term Care may not affect everyone. You see one factor to weighin, is your personal health and family health history. The two most common reasons seniors need extended long-term care is because of dementia and/or disability. And, almost half of all people who live in nursing homes are 85 years or older. So, what’s your family history for Alzheimer’s, stroke or some other disabling health condition, and do you have a family history of longevity?
Today, I want to introduce you to: My Family Health Portrait
About My Family Health Portrait
My Family Health Portrait was originally developed in collaboration between the Office of the Surgeon General and the National Human Genome Research Institute, a part of the National Institutes of Health, Department of Health and Human Services.
You are going to love this little tool, because it assesses the risk probability of acquiring a debilitating disease.
Please be assured, this is not a storage of data. You enter your information and then you downloaded it to your computer. That is it!!
At our Nebula Insurance Learning Center, we have a great tutorial about Long Term, the insurance, plans, etc.
When you are ready, give us a call, contact us through the form or send us an email.
As always you are welcome to get in touch with one of our Agents. Call us, so we can help find you the BEST plan. There is no charge or committment!!