Your unique needs and goals will determine the best plan for protecting your future today. You may want to create a care agreement with your family, a plan to live elsewhere, or a reverse mortgage--any plan will be better than ignoring this issue until it becomes an expensive crisis for you and your family.
I specialize in long-term care insurance, advice, policy comparisons, and personalized plan designs. If appropriate, I can refer you to my trusted associates for advice
Specializing in Long-Term Care Insurance
I am an independent Long-Term Care Insurance Agent, residing in California. Since 1995, I have provided experienced, unbiased advice to individuals, organizations, businesses, financial planners, and elder law attorneys.
More than 98% of my clients who have needed to make a claim due to an acute or chronic disabling illness or injury have been able to stay in their own homes. A few have chosen to be in assisted living after months or years of home care, and only one stayed in a nursing home over four years due to a severe and irreversible health problem at age 52. He is now in assisted living in a private room.
Surprisingly, several of my clients have been on claim at home more than 3 months and have recovered their health. A couple clients have needed long term care recuperative services three separate times a piece, and one five times so far. Over a dozen couples have needed long-term home health care services at the same time. Health can change at any age.
Industry-wide LTCi Perspective 2012
Long-Term Care has proven beneficial to claimants as young as age 25, and has paid out as much as $1,400,000 in a current on-going claim. Group LTCi plans are proving beneficial for employee retention and are helping lower employees' lifetime premium costs due to group discounts. As few as five workers can be a group with discounted rates if even only one of them applies for LTC coverage.
I have seen a lot of changes in the last 17 years--underwriting of policies is becoming more stringent, less fiscally sound companies have left the field, costs of nursing homes and other long-term care providers are rising steadily at over 5% annually in a supposedly non-inflationary environment.
The Government National Clearinghouse for LTC states that 70% of us will need LTC services at some point in our lives and 43 states have been approved to form Partnerships with private LTC carriers. This is an attempt to prevent fiscal disaster for the states' welfare budgets and to help Americans to better prepare for long-term care costs. Policyholders will be able to conserve assets equal to the LTC policy payout if they exceed the payouts of their Partnership approved policies. The government attempted to provide a long term care plan at work called CLASS, but due to the requirements imposed by the legislature, the program was terminated in the fall of 2011. As Kathleen Sebelius said,
“The challenge that CLASS was created to address is not going away.” Only 2.8 percent of Americans have private long-term care coverage. By 2020, an estimated 15 million will need some form of long-term care. Medicare does not cover long-term care services; for many people, the alternative is essentially going bankrupt in order to become eligible for Medicaid. That is an imperfect solution and, for federal and state governments, an expensive one. Long-term care already accounts for about one-third of Medicaid spending. The CLASS Act may be gone, but the problem remains.
Millions of citizens have seen what long-term care cost them and their parents and friends, and have done something about it--here's why:
Read Client Testimonials
Contact us to see if Long-Term Care Insurance
is right for your personal situation