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| From: | address@hidden |
| Subject: | Your insurance is not going to pay... 1629353 |
| Date: | Sat, 07 Jul 2001 07:17:45 +0400 |
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WHY WOULD I EVER NEED LONG TERM CARE? FACTS:
According to the U.S.
Health Care Financing Administration, nearly one-third of all long-term care bills are paid by individuals
and families our of their own
pocket. About 40% are paid by
Medicaid, BUT ONLY AFTER AN INDIVIDUAL'S ASSETS HAVE BEEN REDUCED TO THE
POVERTY LEVEL. Only about 18% of services are paid by
Medicare. The rest is paid by miscellaneous
sources. Here's a frightening fact: According to Business & Health
Magazine 70% of
single people and 50% of married couples with one partner requiring long-term
care BECOME IMPOVERISHED WITHIN ONE YEAR.
WHAT CAN WE DO FOR YOU? Offer You Long Term Care
Insurance Coverage at very affordable rates reducing the cost, anguish and
ravage of long-term care expenses. If you are
interested in discussing a host of available options specifically designed for
your needs with one of our experts, please fill out the following:
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WHAT ARE MY RISKS FOR
NEEDING LONG TERM CARE? Here
are some harsh realities of needing long-term care ·
About 60% of
the U. S. population will need long term care at some point in their lives.
(Business and Health, Feb.1996) ·
While there are an estimated 6.6 million Americans that currently need long
term care, that number is expected to increase about 41% to about 9.3 million in the year 2000, 12.9 million in the
2020 and to almost 19 million in 2040(Employee
Benefits Research Institute-Brief. January 1990) ·
Within a year of entering a nursing home, 75% of all individuals are impoverished (Harvard
University, Study Agency for Health Care Policy Research, 1998). ·
More than 22
million families currently provide informal, unpaid care for an
older parent or relative, a figure that has tripled in the past ten years
(Mercer Meidinger Hansen, 1988 study). · Although 58% of individuals needing long term care services are elders: 40% are working age adults (AARP Fact Sheet, FS27R). CAN YOU AFFORD TO SPEND $50,000+ A YEAR?
Nationally, the average cost of nursing home care is
$50,000 per year.1 What if I Use My Insurance or
Medicare To Cover My Long Term Illness?
Long Term Care Is Not Only For Old People! Anyone at any age can become
partially disabled. Many young people
today suffer from partial disabilities due to stress, their daily activities, a
serious accident or unforeseen events. PROTECT YOURSELF AGAINST LONG TERM CARE COSTS!!! Cost associated with long-term care may also be greater than you
think. Consider this:
$50,000 per year.1
(Sources: 1National Underwriter Magazine, January 11,
1999; 2Health Insurance Association of America, www.hiaa.org, August 1999; and 3Life
and Health Advisor, February 1999.) About Long-Term Care
Active people of any age are constantly plagued by joint pains, neck, rotating cup, knees, wrist and elbows, such conditions worsen even with treatment and can become debilitating in a lot of cases. Also as people
age, they suffer from chronic conditions such as arthritis, heart disease,
stroke and memory loss. Long-term care is the help needed to cope --
and sometimes survive -- when this type of chronic disability impairs your
capacity to perform the basic activities of everyday living. Today,
it includes a broad range of supportive medical, personal and social services,
which can be provided in a nursing home, in your own home, in an adult-day care
facility, or in an assisted living facility.
Q. What are the odds you will need
long-term care? A. The odds that you will need long-term care may be
greater than you think. Consider this:
(Source:
Americans for Long-Term Care Security, August 1999. Statistics shown
represent U.S. population and are presented for information only.)
Q. What is the average length of stay for nursing home
residents? A. The average length of stay for
nursing home residents who are age 65 and older is 838 days (about 28
months). Female residents tend
to have somewhat longer stays than do males (on average, close to seven months
longer). Length of stay decreases with age: the oldest residents
(those age 85 and older) stay, on average, two years, while residents age 65 to
74 have stays that average nearly three years. Residents who have
never been married have average stays nearly twice as long as those of married
residents. (Source:
"Characteristics of Elderly Nursing Home Residents: Data from the 1995
National Nursing Home Survey," Advance Data Number 289, National Center
for Health Statistics, July 2, 1997.) Q. If the risk and cost are so high,
why don't more Americans have insurance? A. There are a
number of reasons given. For example, many Americans believe they're
already covered, either by Medicare, Medicare supplement insurance or health
insurance. Or they cling to the hope that the federal government
will eventually pay their long-term care bills-- Or that their family, even
though they may be geographically dispersed and raising families of their own,
will take care of them on a daily basis. Others simply believe it
will never happen to them. And even if it does, their personal
savings will cover the expense. In most cases, these are
misconceptions and following them can threaten your retirement security. Q. Does Medicare, Medicare supplement or major medical
insurance pay for long-term care? A. Unfortunately, most long-term
care needs are not covered by Medicare, Medicare-supplement insurance or health
insurance. Medicare primarily covers medical expenses, hospital
bills and doctor's fees. When it comes to long-term care, Medicare
is limited and restrictive. It pays only when your care follows a
hospital stay of at least three days; is given in a skilled-nursing facility
approved by Medicare; is given pursuant to a physician's written plan; and is
daily skilled nursing care. (Remember, practically all
long-term care administered in the U.S. is custodial care, not
skilled). And even if you meet all of the above requirements,
MEDICARE WILL ONLY PAY FOR 100 DAYS OF SKILLED CARE. After that,
you're completely on your own! What about Medicare supplement insurance? "Medigap
policies," as they're called, cover the smaller deductibles and
co-payments in Medicare. They do not, however, fill the largest gap
- and that is the high cost of long-term care. Will major medical insurance help? No, your
medical insurance, like Medicare, covers acute care prescribed by a doctor and
given in a hospital. It does not cover low level, custodial or intermediate
nursing care. In fact, most major medical policies simply duplicate
what Medicare covers -- that is, the first 100 days of a skilled care need.
Q. Why is long-term care insurance so important? A. Let's face it, your risk of
needing long-term care -- and therefore using this type of insurance -- is
exceptionally high. In fact, it's much greater than many other risks
you face in your life -- risks you wouldn't consider going one day without
nursing. Consider this:
Your risk at age 65 of needing long-term care-, which could easily cost you $100,000, or more - is 1 in 2. Source: In Denial or in the Dark? What You Need to Know About Long-Term Care, by Dixie Arthur, March 1997 With odds like those -- and with that large of a potential financial loss -- doesn't it make sense to insure your financial security and your retirement dreams? Q. How
do you find the best policy? A. There's really only one way, Whether it is a
legal issue, a medical concern or a Long Term Care question it is imperative
that you consult with a specialist in that field. And that's
where our expert, innovative, consumer focused Service can
help. "Today, long-term care insurance includes a myriad of
choices, including home care and assisted living. The idea is not
only to protect your financial assets, but to allow for a life relatively
uninterrupted by medical conditions." TO RETURN TO THE BEGINNING CLICK HERE | |||||||||||||||||||||||||||||||||||
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