Medicare does not pay for Long Term Care needs such as a nursing home, assisted living or home healthcare. In order to get coverage for this you will need a Long Term Care policy. The cost of nursing homes keeps rising and currently can be $7,000-$8,000 per month if you don't have a Long Term Care plan.
A independent agent that specializes in Medicare Supplement plans and Long Term Care plans will be able to save you a lot of time in designing the right Long Term Care plan for your needs.
Medicare Benefits can pay for a lot of thing like critical access hospitals, inpatient rehabilitation facilities and long-term care hospitals but when a person goes from needing rehabilitation services to long term care or custodial care, that’s when they draw the line.
It’s estimated that at least 70% of people over 65 will need long-term care support and services at some point. The cost of these services can dramatically drain your retirement nest egg but the cost of a lot of long term care policies can also be just as fighting. A simple cost effective option for most families is to look at a short term care plan. The cost is substantially lower than long term care policies, the underwriting process is much easier and most policy can be put in force in under a week.
• If you has more questions on this topic please contact us at The Insurance Advisor, “We protect and enhance your Retirement, Health Care and Accumulated assets, allowing you to secure your legacy and enjoy your life stress free”
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A independent agent that specializes in Medicare Supplement plans and Long Term Care plans will be able to save you a lot of time in designing the right Long Term Care plan for your needs.
It’s estimated that at least 70% of people over 65 will need long-term care support and services at some point. The cost of these services can dramatically drain your retirement nest egg but the cost of a lot of long term care policies can also be just as fighting. A simple cost effective option for most families is to look at a short term care plan. The cost is substantially lower than long term care policies, the underwriting process is much easier and most policy can be put in force in under a week.
• If you has more questions on this topic please contact us at The Insurance Advisor, “We protect and enhance your Retirement, Health Care and Accumulated assets, allowing you to secure your legacy and enjoy your life stress free”