Long Term Care Guide

Short-Term Care & Long-Term Care

Long term care is extended care beyond what most insurance will cover.

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Introduction & Funding Options (you are here)

 
  Introduction
  
 

Long term care is not necessarily long term. You may be laid up for only a short time while recovering from an accident, surgery, or illness.

Do you know if your insurance covers expenses if you need help during recovery?

What if you're not going to recover soon, what if you need care for 6 months,
a year or two or five? How are you going to pay?

Home or Nursing Home?
Most prefer home.
You have choices today,
you may not tomorrow.
 


Your Options Depend On Your Health *
Underwriting Required

  • No Medications
  • Medical condition treated with medication/surgery >6 months
  • HBP controlled >6 months
  • Joint Replacement >6 months
  • Heart surgery >6 months
No Underwriting Required

  • Alzheimer's/Dementia
  • Parkinson's
  • Stroke/TIA
  • Insulin >75 units
  • Surgery scheduled
  • No care within last 12 months
* different companies have different underwriting requirements to qualify. The "No Underwriting Required Annuity" may be available for serious conditions that have been diagnosed but do not require care at this time or no care in the last 12 months. These are only examples and vary by state and company. Contact us for specific quotes based on your current age and health.

Who Pays For Long Term Care?


Your Long Term Care Funding Options

 

Self-insure Savings/Investments

Medicaid Welfare

LTC Insurance

Life Insurance w/LTC Rider

Fixed Annuity w/LTC Rider

Comprehensive Care 1

No

No

Yes

Yes

Yes

Health Underwriting  2

No

No

Yes

Yes

No

Partnership Asset Protection 3

No

No

Yes

No

No

Cost

$200/day,$6000/mo

Poverty level

$2-3k/yr.

$100k+ 1x pay

$100k+ 1x pay

Money Back  4

No

No

No

Yes

Yes

Percentage

35

54

9

1

-1


1.      Comprehensive care includes: Home care, assisted living/residential care, nursing home, Alzheimer's facility.
2.      Different LTC insurance companies have different guidelines. It is important to know who to apply to if there are health issues.
3.      Partnership provides a 1:1 asset protection from Medicaid spend-down. Most but not all states offer this program.
4.      You can take your money out anytime. Life insurance and annuities have different conditions/restrictions, know them.
 

From the major carriers we offer:

  • long term care insurance
  • life insurance with LTC rider
  • annuities with LTC rider
  • medicare supplements
  • life insurance
  • disability insurance