Things You Should Know About
Long Term Care
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Todd
Younker Ins Agency Inc |
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Eighty-Six percent of Americans say that
long-term care is a major problem in the U.S. today. |
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A year in a nursing home is estimated to cost
$46,000. In some parts of the country, nursing home costs can reach
well over $60,000. |
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One out of every three people age 65 or over
will spend 90 days or longer in a health-related facility before he or she
dies. |
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The average length of a nursing home stay for a Private Pay
Patient is 954 days (2.6 years) |
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Sixty-Six percent of Americans could afford only to stay in
a nursing home two years or less. |
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The average cost of a home-care visit by a nurse in 1997 was
$96. |
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About ninety percent of the nation's assisted living
services are paid with private funds. Assisted living costs vary
from $900 to $3000 per month. |
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Only four percent of the population is currently covered by long-term care insurance. |
Your Parents:
They worked and saved all their lives, only to have their estate wiped out by an unfortunate irony of modern medicine: They outlived their money. They lost everything to the devastating costs of Long Term Care.
How could it happen to them?
Like almost half of all Americans who reach age 65, they needed to provide for long-term care costs.
But they didn't.
Perhaps they assumed Medicare would protect them.
It didn't.
Most likely, they never gave much thought to these costs. After all,
they saved for a lifetime, believing the comfortable estate they were building
would enrich their children.
It didn't
Not after long-term care costs devoured thousands of dollars each month.
Month after month !! Year after year !!
Despite decades of sacrifice, it didn't take long to eliminate their estate.
Consider carefully your choices when dealing with the costs of long term care
| Spend your Assets? |
| Rely on Medicare? |
| Rely on Medicaid? |
| Buy Long Term Care Health Insurance? |
If all this paints a bleak picture, remember: It doesn't need to happen to you !!