Long-term care goes beyond medical and nursing care
Long Term Care Insurance Explained
Jan 19, 2015
With number of senior citizens rising, long term care insurance is becoming very popular. There is still a lot of uncertainty around long term care insurance. This presentation will help you understand long term care insurance.
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Transcript
Long-term care goes beyond medical and nursing care
As American population grows older, LTC is more necessary
However, LTC can occur at any age
One year spent in nursing home can average over $50,000
Individuals and families pay 1/4th of nursing home costs out-of-pocket
LTC insurance allows you to pay a known and affordable premium
More than 100 companies offer long-term care insurance
A number of employers offer LTC insurance too
Individual LTC is good idea if not employed or self employed
Carefully shop online for LTC care and work with an agent
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