I’LL NEVER GO INTO A NURSING HOME!

This is the most common reason people give us for not wanting to buy a Long-Term Care Insurance Policy! However, does this statement really make sense? Should we look at the possible need for long-term care with a little less emotion and a little more logic?

Advances in medical technology and changes in lifestyle have resulted in our living longer lives than any previous generation. This lengthening of our life span also means we are more likely to require some form of assistance with walking, bathing, dressing, or eating; commonly referred to as activities of daily living. This assistance, which may last a few weeks, months, or several years, has become known as long-term care.

While none of us wants to go into a nursing home, is it realistic that our loving elderly spouse or our caring family will be able to give us the care we will require? Will our family be able to afford to take the time off from work or afford to pay for a professional to care for us? In most cases taking care of a loved one at home is a very expensive proposition that only the wealthy can afford.

When an individual needs a lot of professional care, the family is forced to turn to the government for help. The ONLY place the government will help is in a Medicaid Approved Nursing Home. With the benefits of Long-Term Care Insurance, it is possible for our family to pay for the professional help needed to keep us at home. A Long-Term Care Insurance Policy may be the ONLY thing that will keep us out of a nursing home.

The Health Insurance Association of America currently shows nearly 1 out of 2 people turning age 65 will spend time in a Nursing Facility. Furthermore, nearly 3 out of 4 of the same group will require care at home.

Impact of Private Long-Term Care Insurance on Caregivers

About two-in-three caregivers indicated that the presence of insurance-financed formal care has reduced their general stress level.

About half (47%) indicated that in the absence of private insurance to pay for home care services, the care receiver would have to seek institutional alternatives.

Facts To Consider�
-70% of adults aged 65 years and older will require long-term care at some point.
-The average length of stay in long-term care is 3.2 years. Just over 20% of residents will require care for 5 years or longer.
-Americans spend $475.1 billion annually on long-term care.
-Medicaid only covers 42% of America�s long-term care costs.