Long Term Care Division

Important decisions need to rely on more than a throw of the dice. Why gamble with your financial future when proper planning can help provide your future security? Armed with the facts, you can make those important decisions. That’s why we want to help you learn about options and ways to help protect yourself against the real risk of long term health care expenses.


Increasing Needs, Rising Costs

Forty-three percent of the over-65 population can expect to spend some time in a nursing home — an average of 2.5 years, (Worth, February 1996). The number of people aged 65 and over has grown remarkably. Primary care-givers are still women, more of whom work and have difficulty in caring for elderly relatives.

The current costs of nursing home care can range from about $40,000 to more than $100,000 per year, depending on where you receive care, according to the Connecticut Partnership for long term care. Undoubtedly those costs will continue to rise dramatically in the future. Have you thought about how you will meet those financial needs?


Take a Look at Your Options

When you anticipate the costs associated with paying for your own long term care, you may decide self-funding is not your best choice. A second option is to use Medicaid, the government’s health care program for the poor. To qualify, a patient is required to spend down all assets to the point of poverty.

Like an increasing number of people, you may choose to protect your quality of life and accumulated savings with long term care insurance. With this protection, you help maintain your independence and can help control the type and quality of care you receive.


Decide Before You Need Care

While you’ll want to carefully review your options, it is not wise to delay your decision. People who wait until they need long term care may find themselves with dwindling funds and few choices. Generally, the younger and more healthy the applicant, the lower the premiums for long term care insurance, and the more favorable are the coverage options available.


Find Out More Today

Forget the roll of the dice. Get the facts. The information is free and there is no obligation. For details about long term care and how to protect YOUR future, contact us for details today.