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Should You Buy Long Term Care Insurance
1 pages
Published by
BeamaLife Corporation
Should You Buy Long-Term Care Insurance?
The longer you live, the greater the chances you ll need some form of long-term care.
If you re concerned about
protecting your assets and maintaining your financial independence in your later...
[More]
Should You Buy Long-Term Care Insurance?
The longer you live, the greater the chances you ll need some form of long-term care.
If you re concerned about
protecting your assets and maintaining your financial independence in your later years, long-term care insurance
(LTCI) may be for you.
Whoneedsit?
Approximately 40 percent of Americans age 65 or older will need long-term care at some point during their lives.
(Source: The National Clearinghouse for Long-Term Care Information, 2008.
) And with life expectancies increasing at
a steady rate, this figure can be expected to grow in the years to come.
Butwon tthegovernmentlookoutforme?
Medicare pays nothing for nursing home care unless you ve first been in the hospital for 3 consecutive days.
After
that, it will pay only if you enter a certified nursing home within 30 days of your discharge from the hospital.
For the
first 20 days, Medicare pays 100 percent of your nursing home care costs.
After that, you ll pay $137.
50 per day (in
[Less]
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medicare,
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