Long-Term Care
Do you have $50,000 that you want to spend for one year of care in a
long term care facility? Many long term care facilities commonly
referred to as nursing homes or skilled nursing facilities may require
such expenditures. You can’t rely on Medicare to pay your expenses. Most people don’t realize after day 100 in a skill nursing facility the patient may be responsible for all charges unless there is a long term care policy in place. It is important to think ahead about how you will pay for the care you get.
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Why Long-Term?
- Cost - It's a cost-effective way to deal with a variety of long-term care expenses. (Typically $50,000 - $90,000)
- Control and Flexibility - You can select a plan that meets your situation, from a variety of options.
- More Comprehensive Coverage - Medicaid or conventional insurance might not be enough to cover your long-term health expenses.
- Financial Protection for Your Family - If you are not adequately insured, your loved ones will have to take on the responsibility of meeting your financial and day-to-day needs.
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