Myth #1 : It will never happen to me
Reality : 76% of people surveyed expected not to need Long Term Care insurance*. In reality 43% of people age 65 and over will need some type of long term care in their lifetime**. . So what are your odds? One 1 in 1400 people make home owners claims, 1 in 240 people make care insurance claims, 1 in 3 people who purchase long term care insurance will make use of it in their lifetime.
Myth #2 : Medicare will pay for it
Reality : If you were to suffer an illness, need major surgery, get in a severe car accident, slip, fall, and break a hip, or encounter a disability, or simply grow old and fragile, and you required long term care, medicare would not cover it. Medicare is health insurance for the elderly. It pays for benefits covered by medical insurance. Procedures that help you get better, not activities that simply maintain your current state on a day-in and day-out basis.
Myth #3 : My family will take care of me
Reality : These are the questions we suggest you ask yourself and your family before creating a plan of care that involves “your family taking care of you”.
- Is there anyone in the family with the medical expertise required?
- Can the family afford to lose the income of the caregiver if they have to leave their job?
- Is there anyone who is able to take on the physical and emotional demands of caring for someone full time? If there is, do they or you want them to or are they physically capable to;
- Bathe you
- Toilet you
- Transfer you in and out of bed?
- Do you have family members that live in the immediate area or would they need to move to care for you?
The reality is one out of four adults will provide long term care at some point in their lives, and 75% of those people will be women. Our goal is you will be able to pay people to provide this care and enjoy the visits from your family.
Myth #4 : It's only for old people
Reality : 13 million people in America in 2004 who received long term care were between the ages of 18 and 64.
Myth #5 : It's only for Nursing Homes
Reality : Long Term Care Insurance will pay for a variety of care
- Adult Day Care Facilities
- Home health care
- Home maker services
- Personal Care
- Residential care facilities
- Assisted living facilities
- And, Nursing Homes
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