The Top 10 Reasons Why You Need LTC Insurance
There are many reasons why you need LTC Insurance.
Any one of these reasons may be compelling enough to help you
make the decision.
- The government isn't going to pay for long-term health
care needs. Medicare pays 100% for 20 days and all
but $95.50 per day in 1998. Every year the
co-insurance goes up for the next 80 days, but only for
skilled care.
- $100 per day = $36,500 per year. That's just room
and board. In many states, it's really a half-day's
room and board.
- A Harvard University study showed 69% of single people
and 34% of married couples would exhaust their assets
after 13 weeks in a nursing home. 13 weeks =
91 days!
- At age 65, a woman has a two out of three chance of
spending time in a nursing home. A man has a one out
of three chance. In the case of men, mortality
catches up with morbidity!
- Medicaid kicks in only after a person's assets and
dignity are gone.
- Children would like to help, but children often have
children of their own.
- Health rarely improves with age.
- You can't buy LTC coverage when you are ready to use it.
- Americans have access to the best health care in the
word, if they can pay for it.
- If you want to choose where to go instead of having to
go where you are taken, you will need to have either a big
estate or adequate insurance.
Before you Buy LTC Insurance
Some LTC Facts
LTC Top 10
The Vast Majority Assisted with 3+ ADLs
|
|
