Long Term Care

People often assume that Long Term Care is covered by their Medicare benefits or other Health Insurance but that is usually not the case. Medicare will only pay for up to a 100 day stay in a Skilled Nursing Facility. It pays for limited in-home skilled nursing care and pays nothing for custodial type care received in the home. In Arizona, Custodial Care runs about $30 an hour, the average cost for Assisted Living is $4,650 a month and a semi-private room is a nursing home is $6,770 a month. These costs could add up very quickly.

That leads to the question what is your plan for Long Term Care? You may make the assumption that your children will step in and provide care if the need arises but even if they are willing to help they may not be in the position to do so and the stress placed on family members can be overwhelming. You may qualify for the Medicaid programs LTC benefit but to do so means having very limited income and assets. My advice to you is to come up with an alternative plan and when it comes to Long term Care any plan is better that no plan at all.

I’d be glad to help. There are many options available to address this concern. I offer traditional Long Term Care plans, Life Insurance that includes Long Term Care protection, Short Term Care plans and a Home Care Benefit as well. I can also help you determined if you might qualify for the Medicaid LTC program. Please give me a call today to schedule a time to sit down and discuss this important topic to make certain you and your family are prepared.