Won't the Federal Government pay for my Long-Term Care?
While many people think the federal government pays for long-term care expenses, much of nursing home expenses are paid out-of-pocket by individuals and their families. Neither Medicare, Medicare Supplement Insurance, nor the major medical health insurance provided by employers is designed to pay for long-term care expenses.
What is the cost of waiting to purchase Long-Term Care Insurance?
If you are thinking of waiting to purchase long-term care insurance coverage, consider the impact of waiting:
- Increases the risk of being ineligible for insurance
- Decreases the overall time you have long term care insurance coverage
- Can increase the overall cost of coverage because premium rates increase with age
Waiting delays covering your long term care risk and can cost you money.
What is the cost of Long-Term Care?
The cost of care for home healthcare services and facility care varies from state to state. Call 1.800.616.8759 to request your free, 22-page LTC Planning Kit entitled "Risk Management & Long-Term Care—Understanding Your Options."