Monday, November 7, 2011

Long Term care Insurance & the average cost of nursing home

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How much does long-term care cost for those who truly need it? The average cost of nursing home care in the United States now exceeds $70,000 per year, but varies widely from state to state, according to AARP.
 
For the most part, those who need long-term care are left to foot the bill on their own. Neither Medicare, nor Medicare supplemental coverage ("Medigap"), nor standard health insurance policies cover long-term care unless you are impoverished.

This is where long-term care insurance plays a critical role. Premium costs are based on your age and health at the time of purchase, so the younger and healthier you are when you purchase a policy, the lower the premium you're apt to pay during the life of the plan.

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Friday, November 4, 2011

NY Partnership for Long Term Care

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The New York State Partnership for Long-Term Care is a unique program combining long-term care insurance and Medicaid Extended Coverage. Its purpose is to help New Yorkers financially prepare for the possibility of needing nursing home care, home care or assisted living services someday. The program allows New Yorkers to protect some or all of their assets (resources), depending on the insurance plan purchased, if their long-term care needs extend beyond the period covered by their private insurance policy.
If you buy New York State Partnership for Long-Term Care insurance from participant insurers, use the benefits according to the conditions of the program, and you are a New York State resident, you can apply for New York State Medicaid Extended Coverage which may assist in paying for your ongoing care. Unlike regular Medicaid, Medicaid Extended Coverage allows you to protect some or all of your assets, depending on whether you select a Dollar for Dollar Asset Protection plan or a Total Asset Protection plan. However, your income is countable in determining your eligibility for Medicaid Extended Coverage.
The Partnership was created to help New Yorkers finance long-term care without impoverishing themselves or signing over their life savings, with the accompanying loss of dignity. In the long run, the program will help reduce New York's Medicaid long-term care expenditure - over $9 billion in 2003. The Partnership offers New Yorkers and New York State a better alternative.

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Thursday, November 3, 2011

Long Term Care Insurance

With a Company that has a proven track record of over 20 years combined experience helping families, professionals, corporations, and organizations understand the FACTS when it comes to their Long Term Care Insurance options.

Please fill in the following information, and you can feel confident that one of our experts will quickly contact you with your quotes and side-by-side comparisons from the various Top Rated Long Term Care Insurance carriers.

Your information is strictly confidential and will not be provided to any third party affiliations.

Click to get a quote in this link:

http://www.mintcofinancial.com/long-term-care-insurance-quote.asp