Learn about the importance of LTC insurance
Do you have questions on planning for the future or helping a loved one in need? I’ve recorded an LTCI introduction to address some of the most common questions. While most people think about long-term care for older folks, anyone can have a long-term care event. Did you know that 25% of people with strokes had them before the age of 65?
Also, there are many misconceptions about Medicare. Nobody should rely on Medicare for their long-term care needs.
- A serious accident can happen to any of us.
- We can be diagnosed with a serious illness at any age.
- Did you know that most care can be received at home?
- Care can be temporary. Many people recover from accidents within 12 month.
If something happened tomorrow, what and who would you want to protect?
Preparing for the Future
Long-term care provides support for individuals who can no longer manage daily tasks independently or safely due to illness, injury, cognitive decline (such as Alzheimer’s), or the natural effects of aging. To qualify for long-term care benefits (go on claim), a person must require significant assistance for at least 90 days with either cognitive impairment or with two or more activities of daily living (ADLs), which are: bathing, continence, dressing, eating, toileting, and transferring (such as getting out of a bed or chair). Clients may go on and off claim many times throughout life.
Protect Your Finances
Long-term care insurance can help protect your finances and ensure that you have the resources to pay for quality care.
Protect Your Family
Having long-term care insurance can also help protect your family from bearing the burden of caretaking. Most policies come with Care Coordination, which is a huge support for families. Some policies have a Care Concierge.
Preserve Your Dignity
Long-term care insurance can help preserve your home, assist with home modifications, and provide a safe setting to age in place.
Customize Your Coverage
Long-term care insurance policies offer a variety of options to help meet your unique needs and budget.
Secure Your Future
With long-term care insurance, you can have peace of mind knowing that your future and family are secure.
Utilizing Your Life Insurance
Many people are unaware that some life insurance policies can transfer to long-term care benefits.
Did you know?
The High Costs of Long-Term Care
According to Genworth’s 2024 Cost of Care Survey, the average annual cost of long-term care in an in-home setting from a home health aide is $77,792. Health Aides provide “hands-on” personal assistance, and homemaker services, who complete “hands-off” tasks such as cooking or cleaning. Health care needs are extra.
In 2024, the national annual median cost of a semi-private room in a skilled nursing center rose to $111,325, an increase of 7%, while the cost of a private room in a skilled nursing center increased 9% to $127,750.
The national average for adult daycare currently costs $26,000 per year. Genworth estimates this rate may increase to $31,045 per year by 2030. Adult day care typically cover M – F working hours.
While many people carefully plan their investments for retirement, they often overlook the potential impact that an accident, illness, or loss of mobility can have on their financial resources. Additionally, few consider the financial challenges that come with living longer, and the burden it places on loved ones who have good intentions but are generally unprepared and not equipped to provide safe assistance.
What Our Clients Have to Say
Quick Answers
Long-term care insurance is a type of insurance that helps cover the costs associated with long-term care, such as assistance with daily activities and nursing home care. It provides financial protection and helps individuals maintain their independence and quality of life as they age.
Long-term care insurance is beneficial for anyone who wants to protect their families and assets from the high costs of aging with dignity. Long-term care insurance steps in where Medicare ends. Allowing a person to age at home, or with special care needed to live life fully on their terms.
A long-term care plan of care is customized to fit the unique needs and preferences of each individual. It includes details on the type of care needed, preferred providers, and how the cost of care will be covered. Having a plan in place can provide peace of mind and help individuals feel more prepared for their future care needs. At CJB Insurance, we highly encourage everyone to have a Plan of Care in place. Please download our complimentary Plan of Care Document here to get started on your plan.