70% of people over the age of 65 will require some form of long-term care in their lifetime
The average length of stay in a nursing home is 835 days
Medicare does not pay for long-term care services
Women are more likely to require LTC than men
In 2015, the average daily rate for a semi-private room in a nursing home in CT was $407, or $148,555 annually
20% of individuals over the age of 65 will require long-term care for five or more years
Did you know?
Considering Long-Term Care insurance is overwhelming.
When is the best time to get it? How much will it cost?
How much should I purchase? Will I ever even need it?
Answering these types of questions accurately is crucial to decide if LTCi is right for you. Individuals between the ages of 45 and 65 should consider taking out an insurance policy, should they one day require long-term care. The costs associated with these kinds of services are astronomical and without a proper plan in place, can cause a great deal of financial devastation.
Family members often offer to help in order to avoid the high costs of licensed professionals. While very generous, this type of arrangement can bring about many problems. When you rely on loved ones for your care, it causes a disruption in their lives and forever changes the relationship between you. It also may mean sacrificing a professional level of care when you are most in need and can lead to arguments among family members, over the time and money spent providing care.
With a trend being that more and more claims are being paid for Home Health Care as opposed to in a facility, our brokers are experts at maximizing the benefit amount so that you can remain comfortable, in your own home, for as long as possible. Our brokers are also Partnership certified, which is absolutely necessary to conduct any proper review of the marketplace.
If you're considering your options should you one day require long-term care, we'd be happy to run a review for you at no cost. Looking into it when the time is right will at least give you piece of mind, knowing you did your due diligence.