Long-Term Care Insurance
Home Health Care Insurance
Home Health Care Insurance
Long-Term Care Insurance (LTCI) - One of the most essential pieces of a sound financial plan is
Long-Term Care Insurance. Because of its importance, and the difficulties involved in staying on top of
such an ever-changing market, as We Care 4 U Insurance provides the best advice to their clients.
Ms. Palla wrote five books on Long-Term Care insurance and has dedicated her insurance career
fighting government, and focusing on senior issues.
Long-term care refers to the services used by people who have disabilities or chronic illnesses.
Although these services often involve only personal care, they can also include the skilled care of a
doctor, nurse, or physical therapist, the services may be needed for a few days or for a much longer
time.
Long-Term care services are usually very expensive, which is why most people need insurance. For
example, on average, nursing facilities providing skilled care charge $200 to $300 per day, or over
$80,000 a year or more. Even custodial home care at three visits per week can cost over $15,000 a
year.
Long-Term Care Insurance (LTCI) policies will cover a specific dollar amount for each day you spend
in a nursing facility or for each home-care visit. Thus, when considering an LTC insurance policy, read
the policies carefully and compare the benefits to determine which policy will best meet your own
needs.
These services are available in a variety of settings, including:
• Help in the home with daily activities like eating, bathing and dressing.
• Community programs, such as adult day care.
• Assisted- living services, such as meals, health monitoring, and help with daily activities,
provided in a special residential setting other than the home.
• Care in a nursing home.
Long-Term Care Insurance helps pay for these services. It can also protect against the risk of large
financial losses and may assure their families that they have choices about what services they receive
and where they receive them.
Home Health Care Stand-Alone (or Home Health Care Only ) Insurance: is what most people want,
but few insurance companies provide the coverage and some States do not permit offering home
health care insurance without the nursing home part. Home health care insurance is exactly like it
says, care at home...living in your own home, 'Home Sweet Home'. Since our Medicare program
denies payment for care that is not reasonable and necessary and custodial or non-skilled care, the
need for Home Health Care insurance is necessary if anyone that can not afford the traditional Long-
term Care Insurance policy which includes both nursing care and home health care.
Long-Term Care Insurance. Because of its importance, and the difficulties involved in staying on top of
such an ever-changing market, as We Care 4 U Insurance provides the best advice to their clients.
Ms. Palla wrote five books on Long-Term Care insurance and has dedicated her insurance career
fighting government, and focusing on senior issues.
Long-term care refers to the services used by people who have disabilities or chronic illnesses.
Although these services often involve only personal care, they can also include the skilled care of a
doctor, nurse, or physical therapist, the services may be needed for a few days or for a much longer
time.
Long-Term care services are usually very expensive, which is why most people need insurance. For
example, on average, nursing facilities providing skilled care charge $200 to $300 per day, or over
$80,000 a year or more. Even custodial home care at three visits per week can cost over $15,000 a
year.
Long-Term Care Insurance (LTCI) policies will cover a specific dollar amount for each day you spend
in a nursing facility or for each home-care visit. Thus, when considering an LTC insurance policy, read
the policies carefully and compare the benefits to determine which policy will best meet your own
needs.
These services are available in a variety of settings, including:
• Help in the home with daily activities like eating, bathing and dressing.
• Community programs, such as adult day care.
• Assisted- living services, such as meals, health monitoring, and help with daily activities,
provided in a special residential setting other than the home.
• Care in a nursing home.
Long-Term Care Insurance helps pay for these services. It can also protect against the risk of large
financial losses and may assure their families that they have choices about what services they receive
and where they receive them.
- Home health care
- Community programs, such as adult day care.
- Assisted- living services, such as meals, health monitoring, and help daily activities, provided
in a special residential setting other then the home.
Home Health Care Stand-Alone (or Home Health Care Only ) Insurance: is what most people want,
but few insurance companies provide the coverage and some States do not permit offering home
health care insurance without the nursing home part. Home health care insurance is exactly like it
says, care at home...living in your own home, 'Home Sweet Home'. Since our Medicare program
denies payment for care that is not reasonable and necessary and custodial or non-skilled care, the
need for Home Health Care insurance is necessary if anyone that can not afford the traditional Long-
term Care Insurance policy which includes both nursing care and home health care.
Pennsylvania State Long Term Care Partnership - On July 17, 2007, Governor Edward G. Rendell
signed into law Act 40 and established the Long-Term Care Partnership. The new law contains
strong consumer protections, including a requirement that all long-term care policies in Pennsylvania
offer comprehensive coverage, the ability to exchange existing policies for Partnership Policies and
an increase in the guaranty fund to protect consumers against loss if an insurance company
becomes insolvent.
The LTCI Partnership Plan - offers Pennsylvanians the opportunity to provide for their own needs
while helping to conserve taxpayer resources. The Partnership allows policyholders to go on Medical
Assistance with a higher level of assets and/or income than would otherwise be allowed without the
insurance.
Qualified Partnership Policy - A long-term care insurance policy protects assets of the policyholder if
Medical Assistance ends up paying for some of the policyholder’s long-term care expenses. The
policy also has beneficial tax treatment. Pennsylvania State requires inflation protection features to
protect younger purchasers from increases in expenses caused by inflation.
Non Tax-Qualified Policy - Policyholders cannot claim tax deductions for long-term care premiums
on non tax-qualified plans.
Questions to ask
yourself......
What If's'
What if my spouse dies
and I am alone. Who will
take care of me?
What if I already am
alone. Can my children
take on this
responsibility?
Do I want them to?
What if I am unable to
care or my spouse? ( I
can't pick him up).
What if I am ill and I
cannot drive myself to the
doctor. Who will help me?
Long-Term Care
Insurance is designed to
ensure an individual's
security and dignity and to
provide peace of mind for
family and loved ones. A
careful analysis of each
individual's situation
must be conducted in
order to formulate the
proper plan.
Factors such as income
from social security,
pensions and
investments, age and
health, family structure
and other elements must
be evaluated in order to
make the right choices.
yourself......
What If's'
What if my spouse dies
and I am alone. Who will
take care of me?
What if I already am
alone. Can my children
take on this
responsibility?
Do I want them to?
What if I am unable to
care or my spouse? ( I
can't pick him up).
What if I am ill and I
cannot drive myself to the
doctor. Who will help me?
Long-Term Care
Insurance is designed to
ensure an individual's
security and dignity and to
provide peace of mind for
family and loved ones. A
careful analysis of each
individual's situation
must be conducted in
order to formulate the
proper plan.
Factors such as income
from social security,
pensions and
investments, age and
health, family structure
and other elements must
be evaluated in order to
make the right choices.
| We Care mascot, Garth, black Great Dane having fun with nursing home patients. |
| The Decision You Make Today Can Determine Your Future. Call for Professional Advice Office: 610-588-0803 Cell: 201-919-5907 Fax: 610-588-5039 e-mail: WeCare@epix.net We Do Business the 'Old Fashioned Way' Dedicated to preserve dignity, quality of life and protect your hard earned assets |
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