LONG TERM CARE


For your independence, financial and personal, protect your assets and income with a Long Term Care Policy. Receive the care you need and want and keep control over where you receive it. For those of you who have been unlucky enough to go through a long-term, or even short-term illness of a loved one, you know how bad it can be. To get into a nursing home today requires your CPA to go along with you to make sure you have enough money for them to take you. And if your family member would like to be at home in their last days, you better be prepared to fork out a lot of money for round the clock nurses and would-be nurses. I mean, like $30,000 to $60,000 in a lot of places. If Alzheimer's shows up in the family, kiss the family farm good-bye. Remember, if you will purchase a policy at your early to middle ages you will find that you will lock in a favorable rate that will cost you over the long run less money than buying it later and you would have been covered for any mishaps during that entire time -DUH! Oh, by the way, if you have a health problem, you might never get the coverage, so DON'T WAIT. There are several cost factors that are important, and don't scrimp on. Make sure that you have a sufficient daily/monthly benefit (check nursing home facilities in your area). When you can make sure a cost of living adjustment is compounded, not simple, especially if you are in your earlier years (under 65). Make sure you know how you qualify for benefits, i.e. what triggers inability to perform activities of daily living (ADL'S). These typically are bathing, continence, dressing, eating, toileting and transferring. Benefits are paid when a person cannot perform a certain amount of the ADL's. For a quotation complete the survey and send to us (Texas only).


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