You were very wise if you already have purchased a long term care insurance policy. You were aware of the issues involved, protected your nest egg and obtained peace of mind.

However, unless a friend or family member has needed long term care, it is a subject many people know little about. You, who are informed, need to tell your friends that they had better consider a long term care plan while they are relatively young and healthy.

Because of our budget deficit, government benefits for long term care will surely be sharply reduced over the next ten years and will only cover the very poor. If people have not protected themselves, many horrible scenarios will ensue. Many will lack the ability to pay the half a million dollars or more of future care expenses.

These horrible scenarios can be avoided. We urge you to tell your friends and family members to seek professional guidance from specialists like us. If it is better for them to self-insure, we’ll tell them so, but let’s face it, no plan is a bad plan.

Stay healthy, and have a wonderful Thanksgiving.

For more information about Long Term Care plans, please request a quote here or call us at 1 (800) 303-1527.

BUYING INSURANCE
By Thomas Day

Why Should You Buy Long-Term Care Insurance?

1. It will help you keep your independence and dignity. Here’s how. . . some of you will spend all your assets on care while others plan to give their money away or put it in trust. With no assets you will now qualify for a welfare program called Medicaid. Medicaid typically pays for a semiprivate room in a nursing home, and; not all nursing homes take Medicaid patients. In many states it’s not easy to get Medicaid to cover home care or pay for assisted living. Many people want to stay at home, but with Medicaid may not be able to. And assisted living is rapidly becoming a preferred alternative to nursing home care for certain disabilities but Medicaid may insist on a nursing home instead.

A nursing home is not the most desirable place to finish out one’s life. For many, a terminal stay in a nursing facility robs them of a purpose in life and strips away their dignity. As an example, have you ever thought of the indignity of being bathed, toiletted or diapered in a nursing home environment? No wonder many people express the desire to die before ever having to go into a nursing home.

For some conditions a nursing home is the only alternative, but for many long-term care patients there are more options than nursing homes. A good long term-care insurance policy covers those options and when all else fails, it pays for nursing homes too.

2. If you are married and you have a need for long-term care, your spouse may be forced to pay for an outside care giver. The cost is likely to come from your combined income and assets. If the need for paid care drags on too long, your spouse may be left with minimal cash assets for future needs. Insurance solves this problem and allows your spouse to keep the assets.

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Visit www.californialongtermcare.com for more information regarding Long Term Care Insurance in California.

Study Reveals What Americans Pay for Long-term Care Insurance

What individuals pay for long-term care insurance can range significantly from about $700 a year to as over $13,000 per year according to a study from the American Association for Long-Term Care Insurance.

Individuals purchasing long-term care insurance paid as little as a few hundred dollars to as much as $13,000 a year according to a new report from the American Association for Long-Term Care Insurance.

“People are misled by reports that reflect averages and have the belief that this important protection is expensive,” explains Jesse Slome, Executive Director of the industry trade group. “Averages include costs paid by those who buy Cadillac plans of protection at older ages when the costs are extremely high. Averages do not reflect what most people pay.”

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Visit www.californialongtermcare.com if you need more information regarding Long Term Care Insurance.

The Cost of Elderly Health Care in California

On average, the cost of elderly health care is $5,531 annually. Family members not only provide hands-on care but often dig into their own pockets to pay other expenses which include groceries, drugs and medicines, medical equipments such as wheelchairs, toilet seat risers and transportation. Many times family members have to miss work and lose out on their income to take care of elderly family members.

Many family members take loans, skip vacations and often ignore their own health. Government must start providing tax deductions and tax credits to family caregivers.

The expenditures incurred for elderly health care is increasing rapidly and reaching astronomical heights. Elders have many special needs when it comes to health care. One is often left frustrated when there are gaps in insurance coverage. Medicare programs offer only minimal assistance for serious health disorders.

There are some programs that cover senior citizens. It covers hospital expenses and doctor visits, even if you continue to work. All one needs to do is pay a premium every month. These programs are popular among a vast number of senior citizens.

One needs to apply for these programs before one reaches the age of 65. In case you don’t then one has to pay a high premium. One also has the option of enrolling for these programs after retirement.

The premium that one pays depends on your income and which company you will be purchasing coverage from. Senior citizens with low income are also eligible for the entire coverage under Medicare.

Prescription drugs which are used to treat a wide variety of diseases and illness are fully covered if one has a private insurance coverage. If you do not have private insurance, this could be matter of serious concern. Sometimes drug prices are simply not affordable, forcing the senior citizens to forgo other needs to pay for drugs.

Recent Medicare legislation has been a big disappointment for senior citizens, as drug coverage continues to be limited and fails to reduce the rising cost of drugs. Many seniors are forced to manage their medical plan on their own.

At times, the drug industry provides free drugs to the needy who are not covered under private insurance or any government program. Retail stores in the vicinity provide drugs at discounted rates. There are various medicine manufacturing companies that offer assistance to lower income senior citizens. One can seek out these discount programs if they have a financial need.

Katie Appleby is an accomplished niche website developer and author. To learn more about the cost of elderly health care, please visit Senior Health Today for current articles and discussions.

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Visit us at www.californialongtermcare.com if you have any questions or need more information regarding Long Term Care Insurance!

Disabilities Are Restricting More Retirees In California

I don’t exercise enough, like many of you. (Far too many, in fact: Of Americans 50 and older, 46 percent don’t exercise at all, according to a report in the journal Preventing Chronic Disease.) Sure, we realize that a sedentary lifestyle, especially when coupled with bad eating habits, adds extra pounds. And that being overweight can lead to disabling diseases such as cardiovascular problems, diabetes, osteoporosis and even cancer.

But for many years, Americans could take comfort in the fact that the costs of neglecting our health were out weighed by the benefits of improving medical technology.  Recently, the number of seniors developing disabling health problems has begun to rise.

As more individuals tragically lose their personal freedom to illness, more families will have to grapple with crushing long-term-care bills. So will the federal budget.

Already, about two-thirds of Medicaid spending and more than on-third of Medicare spending are associated with disability. If even more seniors get sick, those costs will soar.

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If you would like more information about Long Term Care Insurance, visit www.californialongtermcare.com.