Long-Term Care insurance is an important decision
Long Term Care Insurance is important.
Proper planning for your future health care needs is vital to:
- To provide the quality of care that you desire and deserve
- Protecting your assets and retirement income
- Protecting your retirement income
As the old saying goes, “Folks simply don’t plan to fail, the fail to PLAN”. Simply put, Procrastination is our own worst enemy.
Proper planning for our future health care needs is vital to protecting our assets and retirement incomes that we’ve worked so hard to achieve and to provide the quality of care that we desire and deserve to have.
What are Long Term Care Services
Long-Term Services can be received at:
- Your Home
- Retirement Communities
- Nursing Homes
- Assisted Living Facilities
- Adult Day Care Centers
Choosing a Long-Term Care insurance policy
Choosing a Long-Term Care insurance policy is an important decision.
The chance of needing long-term care is high. According to the latest statistics, once seniors reach the age of 65 or older, over 70% of seniors will need and receive some type of long-term care services. On average, most seniors will need long-term care services for at least 3 years.
Long-Term Care services can be expensive. According to the latest Genworth Financial statistic data, the average daily nursing home rate for Asheboro, North Carolina and surrounding areas is between $205-$262 for a private room and $190 -$239 for a semi-private room.
Also according to this data, Home Health Aide and Homemaker Services hourly rates for Asheboro, North Carolina and surrounding areas is $15-$19. Adult Day Care Centers provide services for seniors at a charge of $22-$90 per day.
Genworth Financial also states in this data that Assisted Living Facilities charge seniors on average here in Asheboro and surrounding areas $2100-$4500 per month for one bedroom-single occupancy rooms.
80% of all long-term care services is provided at the senior’s home not inside a nursing home according to the U.S. Department of Health and Human Services.