Nursing Home Strategies

Many people find it hard to envision themselves needing hands-on assistance with basic living activities like bathing, getting dressed, and eating, so they avoid thinking about it altogether. The fact is that 70% of people who reach age 65 will require long-term care service at some point in their lives. (1)
Most of us understand that Medicare has limited Nursing Home coverage. We have seen either a family member or friend go through the "Spend Down" to qualify for Medicaid to cover long term care costs.

To slow the process of spending down your assets a Long-Term Care policy offers you flexibility and independence that is not available with original Medicare. Long-Term Care policies are not limited to nursing home care, but also cover Home Care and Assisted Living care.

We often hear Long-Term Care insurance is too expensive. Based on recent changes in Long-Term Care coverages you may be surprised by the options available. 

1. U.S Department of Health and Human Services, National Clearinghouse for Long-Term Care information, www.longtermcare.gov, September 2008.