Long-Term Care InsuranceWhy is planning for Long-Term Care Insurance so important?
Every day for the next 19 years, approximately 10,000 baby boomers will turn age 65 and place an enormous burden on our healthcare system. These 78 million baby boomers represent the largest group of Americans in our history that will enter retirement and will be searching for solutions to a problem known as… long term care.
Long-Term Care (LTC) includes both medical and non-medical care for people who have a chronic illness or disability. Medicare only pays for medically necessary skilled nursing home care… not home care as many Americans believe.
The Center for Medicare and Medicaid Services report that 70% of Americans, over the age of 65, will require some type of LTC services in their lives. Contrary to what the majority of Americans believe, health insurance including Medicare supplements, usually don’t pay for LTC expenses. If you don’t have son LTC insurance protection, you must pay out of pocket. Medicaid only pays when you have depleted all your hard earned assets.
Having LTC insurance protection puts you in charge, and in control of your extended care choices. Ask me about the Ohio Partnership Plan for LTC and for affordable, common sense solutions, to protect your family, your finances, and your dignity of life with LTC insurance protection. The state of Ohio offers matching Long Term Care insurance at no cost. It is called Ohio Partnership Plan. Ask us about it!