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LongTermCare4u.info

"what you do today will affect how you live tomorrow"

Welcome To Your Long Term Care Informational Website

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AVERAGE ANNUAL COST OF LONG TERM CARE  IN CALIFORNIA-2017

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Here are some example prices for reference....only an estimate...see below for more detail.

Male Example in good health...

* Benefits are paid until Maximum Amount is reached.....

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Connecting You to What Matters Most

altIf you’re like most people, you probably know someone
who has needed long-term care services. Maybe you’ve
been a caregiver yourself. Either way, you may be
wondering how you’ll handle your own long-term care
needs.

  • Will your family take care of you?
  • Will you be able to stay in your home?
  • How will the need for care impact your retirement nest egg?
  • When the need for care first arises, you’ll probably turn to family members or friends.

However, your needs may go beyond their ability to help – whether physically or financially. That’s where a well thought out Custom policy becomes critical.

We would be happy to assist you in exploring your options when it comes to funding this very important possibility. Free quotes only take a few minutes. Please call us at 760-835-6069 (leave a message or text or use our contact page)....your privacy is always our concern and your information will never be shared with third parties.

What Options Are Available To You At Home If You Need Care?

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Formal Services Include:

Home Health Care: from a nurse or other licensed personnel;

Personal Care: help with bathing, grooming, getting from a chair to a bed, and other personal assistance;

Homemaker Services: housekeeping, cooking and grocery shopping;

Hospice Care: support for patients with terminal illnesses and their families;

Respite Care: temporary relief for caregivers;

 

Adult Day Programs: formerly known as Adult Day Care, these community- based programs provide individualized day care in a protective setting to persons 18 years of age or older who need personal care services, supervision, or assistance with ADLs;

Adult Day Health Care: day care that provides medical, rehabilitative and social services through an individualized plan of care to persons 18 years of age or older with functional limitations caused by physical or mental impairment; and

Alzheimer’s Day Care Resource Centers: individualized day care for people with moderate to late stage Alzheimer’s disease or related dementias.

What Determines my Premiums or how much will it cost?

This can be very confusing if not explained in layman terms....My job is to make it easier to understand and minimize the confusion.

Factors include:

  • Daily Benefit (what will the plan pay per day? eg.$100 per day)
  • Maximum total amount the policy will pay in a lifetime (eg. $300,000)
  • Elimination Period (this is like a deductible...how many days until the policy starts to pay)
  • There are riders (options) that can be added at an extra cost and these can be very important.
  • Is the plan Tax Qualified? (TQ)...must meet certain standards

So, as an agent it is critical that we go over many factors when putting a policy together for you. We want your premium to be something you can maintain...not too much but enough to minimize the burden of long term care cost...please call for a free consultation.

Vincent Castillo

CA# 0G03021, OR 9910529, WA 731000, AZ 9910529

​760.835.6069

 

Who needs Long Term Care?

Long-Term Care Statistics*

Baby boomers start turning 65 in 2011 and the number of older people will increase dramatically during the 2010 to 2030 period. The older population in 2030 is projected to be twice as large as in 2000, growing from 35 million to 71.5 million. [Source: 2009 Long Term Care Insurance Sourcebook, American Association for Long-Term Care Insurance]

Between 2000 and 2040 the number of older adults with disabilities will more than double, increasing from about 10 million to 21 million. [Source: 2009 Long Term Care Insurance Sourcebook, American Association for Long-Term Care Insurance]

More that two-fifths (42%) of people age 65 and over reported a functional limitation. Eighteen percent had difficulty with 1-2 Activities of Daily Living. Five percent had difficulty with 3 or 4 ADLs. And three percent had difficulty with five to six ADLs. [Source: 2009 Long Term Care Insurance Sourcebook, American Association for Long-Term Care Insurance]

An estimated 10 million Americans needed long-term care in 2000. [ Rogers, S., & H. Komisar. Who needs long-term care? Fact Sheet, Long-Term Care Financing Project. Washington, DC: Georgetown University Press, 2003. ]

Most but not all persons in need of long-term care are elderly. Approximately 63% are persons aged 65 and older (6.3 million); the remaining 37% are 64 years of age and younger (3.7 million). [ Rogers, S., & H. Komisar. Who needs long-term care? Fact Sheet, Long-Term Care Financing Project. Washington, DC: Georgetown University Press, 2003. ]

The lifetime probability of becoming disabled in at least two activities of daily living or of being cognitively impaired is 68% for people age 65 and older. [ AARP. Beyond 50.2003: A Report to the Nation on Independent Living and Disability, 2003, (11 Jan 2005).

* courtesy of American Association of Long Term Care Insurance

Successful Retirement Years

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"No doubt excellent health is an important asset. Nonetheless, many retirees with health problems are still able to enjoy their leisure time and life in general when successful financial planning is achieved"

Long Term Care cost is the most underinsured item in the financial portfolio and if unintended to can ruin a previously well thought out road to financial stability in your retirement years.

Need more information on Retirement Strategies?

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We can assist with 401k Conversions...

Please visit our sister site at: www.retirementinfo4u.com