Let’s face
it. Even though you may continue to enjoy good health as you
age, at some point you may need assistance with day-to-day
activities. Maybe it’s the simple things like shopping and
meal preparation. Perhaps you’ll need care provided by a
visiting nurse, therapist or other health care provider. You
may even need nursing home care.
Consider these statistics:
• Today, approximately one in five people over
age 65 and almost half of people over age 85 need assistance
with day-to-day activities. *
• The average cost for
comprehensive home health care is $18 per hour. *
In
addition, if you were confined to a nursing home, you could
expect to pay approximately $168 per day. **
Have you thought about how you would pay for the
care you need? Many people mistakenly believe long-term care
services will be covered by their health insurance plan or
Medicare. In truth, these people end up paying for long-term
care services out of their own pockets, often depleting a
lifetime of savings. The good news is long-term care insurance
can help to cover these expenses.
Long-term care insurance gives you
choices
Unlike long-term care plans of the past, which
essentially provided coverage for care received in a nursing
home, today’s long-term care plans give you choices:
• The choice to remain independent and receive
the quality care you need in your home.
• The choice not to
burden your family and friends with the responsibility of
caring for you.
• The choice to keep a lifetime of savings
intact for the things you really want to do.
The high cost of waiting
The sooner you plan your
long-term care needs the better. The cost of premiums
increases with age. Whatever age you are at time of policy
issue, your premium will always be based on that age. Plus,
your protection is locked in and guaranteed
renewable.
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