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Long Term Care Insurance Cost

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We are not employees of Long Term Care Insurance companies.
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Cost comparisons that fit YOUR needs.
- We specialize in Long Term Care Insurance
Cost comparisons.
Long Term Care Insurance Cost
When you look at Long Term Care Insurance Cost, you need
to compare the cost of the insurance vs the cost of extended nursing home
care or home health care.
Here are some statistics from the Health Insurance Association
of America's 1997 publication, Long Term Care: Knowing the Risk, Paying
the Price.
48.6% of people age 65 and older may spend some time in a nursing home.
71.8% of people age 65 and older may use some form of home health care.
The cost of long term care in a nursing home for an individual can range
anywhere from $35,000 to $80,000. In 1998, the national average was $41,000
per year.
Long Term Care Insurance Cost may seem expensive, but it
can protect the assets that you've accumulated over a lifetime. Many people
believe that if they need Long Term Care, Medicare or Medicaid will pay.
In truth, there are simply too many restrictions for most people to qualify
for Medicare. For those who do, coverage is typically offered on a short-term
basis only. Medicaid is the other option that is easy to qualify for,
but only if you're willing to spend down your assets tothe state-required
level. Medicaid pays if you are impoverished. That is not the retirement
of choice for most people.
Of
the choices available to pay for care, only one - private Long Term Care
Insurance - helps you remain independent and keep the assets you've worked
a lifetime to acquire.
Long Term Care Insurance Cost is a "planning tool" -You fund it,
and you hope that you will never need it! You never get your money back.
It is the same with your homeowner's insurance or auto insurance, except
for one difference: The chance of a catastrophic homeowner's claim is 1
in 1200, catastrophic auto claim is only 1 in 240. But the chances of utilizing
your long term care insurance is about 50/50! Long Term Care Insurance Cost
is worth it because the chances of using it are so high.
Click for Free Long Term Care Insurance Cost Comparison
Click for Free Long Term Care Insurance Cost Comparison
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