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  • Add You - Long Term Care and Long Term Care Insurance? Your Chances and Your Costs

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    re than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

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    Clearly, you don't want to dwell on an image of you or your spouse in a wheel chair or nursing home, but if you don't plan ahead now for such eventualities, you could end up with a crippling financial burden that can strip a family of it's entire nest egg.

    Funding for eventual long term care must be planned for far in advance, and long term care insurance seems to be the tool of choice. The alternatives really suck by comparison, so it's time to get going to put your plan in place while you still can.

    Fact is, there is nearly a 50% chance that during retirement, due to medical conditions or extended longevity, a person will eventually end up requiring 24-hour skilled nursing care in a long term care facility.

    Another astounding fact is that more than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

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    nancial burden that can strip a family of it's entire nest egg.

    Funding for eventual long term care must be planned for far in advance, and long term care insurance seems to be the tool of choice. The alternatives really suck by comparison, so it's time to get going to put your plan in place while you still can.

    Fact is, there is nearly a 50% chance that during retirement, due to medical conditions or extended longevity, a person will eventually end up requiring 24-hour skilled nursing care in a long term care facility.

    Another astounding fact is that more than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

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    of choice. The alternatives really suck by comparison, so it's time to get going to put your plan in place while you still can.

    Fact is, there is nearly a 50% chance that during retirement, due to medical conditions or extended longevity, a person will eventually end up requiring 24-hour skilled nursing care in a long term care facility.

    Another astounding fact is that more than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

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    t, due to medical conditions or extended longevity, a person will eventually end up requiring 24-hour skilled nursing care in a long term care facility.

    Another astounding fact is that more than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

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    re than 40% of nursing home residents are under age 65. In truth, at age 57, due to advanced Multiple Sclerosis, I myself would be in a care home if my wife would let me out of her sight.

    And now let's look at the average length of facility care plus the projected costs for that care…

    Long Term Care - It's Leading Causes & Average Lengths of Nursing Home Stays ( from Financial Planning News ):

    Alzheimer's: 96 months
    Diabetes: 48 months
    Pulmonary: 36 months
    Cancer: 36 months
    Stroke: 21 months
    Cardiac:16 months

    What happens if you don't have long term care insurance, but you do need this long term care?

    Well, at room rates of $300.00 per day, if care costs inflate at least 5% annually, then 10 years from now, the average, Alzheimer's, long term care stay in a private room could cost a family over $1,400,000.00+

    Do you want your family to pay THAT out of savings? I don't think so, and long

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