People are living longer today than in years past. A longer life means that individuals need to plan for additional care that may span from years to decades. Long-term care insurance was developed specifically to cover the gap between traditional health insurance and the need for care that comes with longer life expectancy.
There is a wide range of factors that come into play when calculating the cost/benefits of long-term care insurance. Getting a basic understanding of long-term care, the needs that may arise and the services already in place will help consumers choose the right long-term care insurance for... Articles Tagged ‘long-term care’
Basics of Long-Term Care Insurance
People are living longer today than in years past. A longer life means that individuals need to plan for additional care that may span from years to decades. Long-term care insurance was developed specifically to cover the gap between traditional health insurance and the need for care that comes with longer life expectancy.
There is a wide range of factors that come into play when calculating the cost/benefits of long-term care insurance. Getting a basic understanding of long-term care, the needs that may arise and the services already in place will help consumers choose the right long-term care insurance for...
Saturday, January 8th, 2011
People are living longer today than in years past. A longer life means that individuals need to plan for additional care that may span from years to decades. Long-term care insurance was developed specifically to cover the gap between traditional health insurance and the need for care that comes with longer life expectancy.
There is a wide range of factors that come into play when calculating the cost/benefits of long-term care insurance. Getting a basic understanding of long-term care, the needs that may arise and the services already in place will help consumers choose the right long-term care insurance for... Buy Long Term Care Insurance When You Are Young
The average American life expectancy is now about 75 years for men, 84 for women. Over half of Americans will spend part of these years in extended long term care situations.
By 2030, one in five Americans will be a senior citizen. If you are a Baby Boomer, this includes you. Americans are living longer and healthier, thanks to better diet, better medical care and safer living & working environments. Yet no one is immune to the effects of aging and longevity - effects that often result in reduced physical or mental ability.
Long term care insurance can be confusing but...
Tuesday, April 13th, 2010
The average American life expectancy is now about 75 years for men, 84 for women. Over half of Americans will spend part of these years in extended long term care situations.
By 2030, one in five Americans will be a senior citizen. If you are a Baby Boomer, this includes you. Americans are living longer and healthier, thanks to better diet, better medical care and safer living & working environments. Yet no one is immune to the effects of aging and longevity - effects that often result in reduced physical or mental ability.
Long term care insurance can be confusing but... Benefits of Long Term Care Insurance
Long-term care isn't something we tend to think about before the need arises. Some assume that they won't need it for one reason or another. Others just don't want to consider the possibility that they might. But according to research by Conning and Company, 60% of those who reach age 65 will eventually need long-term care.
A growing number of people are purchasing long-term care insurance to cover their needs as they age. Still, these people are in the minority. If you're on the fence, here's a list of ten important benefits of long-term care insurance for your consideration.
1. Long-term care...
Thursday, August 27th, 2009
Long-term care isn't something we tend to think about before the need arises. Some assume that they won't need it for one reason or another. Others just don't want to consider the possibility that they might. But according to research by Conning and Company, 60% of those who reach age 65 will eventually need long-term care.
A growing number of people are purchasing long-term care insurance to cover their needs as they age. Still, these people are in the minority. If you're on the fence, here's a list of ten important benefits of long-term care insurance for your consideration.
1. Long-term care... Long-term Care Insurance Considerations
Baby Boomers are reaching retirement age in record numbers but many are not aware that the government provides little, if any support to their long-term care needs. Many boomers have experienced seeing their parents or other relatives live out their final years in a nursing home or home care situation.
Monday, March 9th, 2009
Baby Boomers are reaching retirement age in record numbers but many are not aware that the government provides little, if any support to their long-term care needs. Many boomers have experienced seeing their parents or other relatives live out their final years in a nursing home or home care situation.
According to the AARP the average annual costs for long-term care in the U.S. are:
• $66,792 for a semi-private room in a nursing home
• $75,192 for a private room in a nursing home
• $35,516 for care in an assisted living unit
These expenses can quickly deplete even...
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