The Alarming Costs of Long-Term Care
The cost of long-term care may be higher than you think. According to recent data from SeniorLiving.org:
- The average cost of a semi-private room at a Skilled Nursing Facility is $115,000 per year!
- The average cost of an Assisted Living Facility is nearly $76,000 a year!
Planning ahead can help protect your savings and provide more choices for your future.
Long-Term Care Insurance Help
Many people simply assume that Medicare will cover the cost of a nursing home stay, assisted living, or long-term in-home care. While Medicare will pay for some intermittent skilled nursing, it doesn’t cover assistance for the activities of daily living (bathing, dressing, transferring from room to room, toileting and continence, eating and preparing meals).
A long-term care insurance advisor will help you find a policy that can help cover the costs of ongoing custodial care that most families eventually need when the time comes.
What Is Long-Term Care Insurance?
Long-term care insurance is a private policy that pays for personal and custodial care in a nursing home, assisted living, memory care or in the comfort of one’s own home when assistance is needed for activities of daily living (bathing, dressing, toileting, mobility and similar needs) when a person can no longer manage those activities independently.
It's never too early to start thinking about your Long Term Care – especially while you're healthy and can qualify for a Long Term Care Policy.
At Medicare Moss, you’ll find a trusted long-term care insurance agent in New Braunfels to guide you to the right plan.
Depending on the plan, long-term care insurance coverage may apply to:
Care received in a nursing home
Assisted living and memory care facility costs
In-home assistance and personal care services
Long-term care benefits and long-term care policy options vary by plan. Long-term care insurance cost depends on factors like age, health, and the type and amount of coverage selected. Reviewing your options before you need care gives you more choices and, in many cases, more affordable rates.
Talk With a Local Long-Term Care Insurance Advisor
Long-term care planning is one of the more personal financial decisions a family makes. For New Braunfels and Central Texas residents looking for long-term care insurance agents near them, Stacey Moss offers one-on-one consultations to help you understand available plans, ask the right questions, and decide whether this type of coverage fits your situation and budget.
Stacey is a long-term care insurance advisor with more than 10 years of experience serving families throughout Comal County and the surrounding communities. Consultations are available by phone, in person, and in-home where appropriate.