Discovering the Right Long-Term Health Insurance for You
As a long-term care insurance agent, I carry some of the most competitive care insurance packages on the market today. I give you a vast range of options from different insurance carriers at various price points. By doing so, I help you find the right insurance coverage for you and your family.
My long-term care packages can include:
- Nursing care insurance
- Assisted living services
- Homemaking assistance (including cleaning, laundry, etc.)
- Personal caregiving services
- Long-term rehabilitative care
- And more
I offer a wide array of insurance plans with different amounts of coverage. Whatever your needs may be, consider me the right agent for the job.
Benefits of My Long-Term Care Insurance Coverage
Maximum coverage at a minimal price. As an insurance agent, I strive to deliver the best coverage at the best price points possible. I provide cost-effective solutions for all my clients’ care-related needs.
Greater Financial Security
I work closely with you to find a package that keeps you protected in case of physical injury or old age.
Wealth Protection
My insurance helps prevent your wealth from deteriorating in the face of rising health-care costs by helping you find a policy the protects your assets.
Long-Term Care, Long-Term Customer Support
Intercounty Insurance Service is committed to delivering my services with the highest standard for customer care. I don’t consider my job to start and end at the point of sale. Instead, I maintain strong working relationships with each client who comes my way. You can always expect an open line of communication, compassionate support, and expert guidance from me.
I’m always ready to help my clients and answer any questions they may have. With me, you have an agent with you every step of the way.
What is Long-Term Care?
This kind of care is different from medical care, because it generally helps you to live as you live now instead of improving of correcting medical problems. People often think of long-term care as strictly
nursing home care. Long-term care services actually may include help with
activities of daily living, home care, respite care, hospice care or
adult day care. This care may be given in your own home, an
adult day care facility, assisted living facility, nursing home or
hospice facility.
Personal Assessment
It's important to identify your reason(s) for buying a policy. This influences many of the choices you'll make in selecting coverage. LA person with few resources, am does income and a goal of staying off Medicaid will approach it differently. Please review the
Personal Assessment and
Long-Term Care Policy Checklist starting on Page 43 to help you determine whether a long-term care insurance policy right for you and your family.
Nursing Home Costs
In 2018, the national average cost of nursing home care was about $89,297 per year (for a semi-private room). This cost doesn't include items such as therapies and medications, which could greatly increase the cots.
Assisted Living Facility Costs
In 2018, assisted living facilities reported charging $4,000 a month (for a one-bedroom unit) on average, or $48,000 per year, including rent and most other fees. Residents may pay more for additional care.
Home Care Costs
In 2018, the cast of basic home care averaged $22 per hour for a home health aide in the US. That's $34,320 per year for a home health aide who visits six hours a day, five days a week. Skilled care from a nurse in your home is typically more expensive. Annual costs for home care depend on the number of days as week the caregiver visits, the type of care required and the length of each visit. Home care can be unaffordable for many if round-the-clock care is required. These costs are different across the country. Your state insurance department of the insurance counseling program in your state may know the costs for your area.
How might I pay for Long-Term Care?
People pay for long-term care in different ways. These include individuals' or their families' personal resources, including savings, investments or other assets such as a home, long-term care insurance and some help from Medicaid for those who qualify. medicare, Medicare supplement insurance, or your employee or retiree health insurance usually will not pay for long-term care.
Personal Resources
Individuals and their families usually use some of their own money to pay for part or all of their long-term care costs. many use savings and investments. Some sell assets such as their homes, to pay for their long-term care needs.
Medicare
Medicare does NOT cover long-term care. However, Medicare Part ! does cover skilled nursing facility care, nursing home care (as long as custodial care isn't the only care you need), hospice care and limited home care.
You should NOT count on Medicare to pay your long-term care costs.
Medicare Supplement Insurance
Medicare Supplement Insurance (Medigap) is private insurance that helps pay for some of the gaps in Medicare coverage, such as hospital deductibles and physician caregivers greater than Medicare approves. Medigap usually doesn't pay for long-term care.
Medicaid
Medicare is the government-funded program that pays for nursing home care only for individuals who are low income and have spent most of their assets.
Will I Need or Use Long-Term Care
If you have a major illness or injury - such as stroke, heart attack or broken hip - and need assistance with activities of daily livings, such as bathing or dressing, you may need long-term care. If you do need care, you may need nursing home or home care for only a short time. Or, you may need these services for many months, years of the rest of your life.
It's hard to know if and when you'll need long-term care, but the statistics that follow may help:
- Life expectancy after age 65 is about 19.4 years (20.6 years for females and 18 years for males.) The longer people live, the greater the chance they'll need help due to chronic conditions.
- About 11 million Americans of all ages require long-term care, but only 1.4 million live in nursing homes.
- About 70% of people who reach age 65 are expected to need some form of long-term care at least once in their lifetime
- About 35% of people who reach 65 are expected to need some form of long-term care at least once in their life time.
- From 2015 to 2055, the number of people age 85 and older will almost triple, from more than 6 million to more than 18 million.
- From 2015 - 2055, the number of people aged 85 and older will almost triple, form more than 6 million to more than 18 million. This growth is certain to lead to an increase in the number of people who need long-term care.
