| 10. The government isn't going to pay for | | | | people is $1,500 in assets. After all |
| long-term care at home, in a nursing home, or | | | | Medicaid is WELFARE.5. Children would like to |
| in an assisted living center. Medicare pays | | | | help, but children often have children of |
| 100% of long-term care for 20 days and all | | | | their own. They certainly can't quit their |
| but $95.00 per day for the next 80 | | | | jobs to care for their parents.4. Health |
| days--after that nothing. However Medicare | | | | rarely improves with age.3. People can't buy |
| only pays for skilled care and most long term | | | | long-term care coverage at crisis time or |
| care is not skilled care.9. The national | | | | when they are ready to use it.2. American's |
| average cost for nursing homes is | | | | have access to the best health care in the |
| approximately $105.00 per day. Assisted | | | | world, if they can pay for it.1. Most People |
| living ranges anywhere from $50 - $90 per | | | | want to choose where they go instead of |
| day. If you live on the Eastern Seaboard you | | | | having to go where they are taken, and if |
| can easily spend $50,000 to $80,000 for a | | | | independence is important to them, they will |
| year's stay in a nursing home. These costs | | | | need to have either a big estate or adequate |
| are perfectly capable of wiping out a | | | | insurance.Information quoted directly from:* |
| lifetime of savings-not to mention the | | | | A Shopper's Guide to Long-Term Care Insurance |
| emotional effect long-term care has on a | | | | , National Association of Insurance |
| family.8. A Harvard University study showed | | | | Commissioners.* Long Term Care Companion |
| that 69% of single people and 34% of married | | | | Consumer Guide, Transamerica Occidental |
| couples would exhaust their assets after 13 | | | | Life.Matt McWilliams is one of the |
| weeks in a nursing home. 13 Weeks = 91 | | | | co-founders of HometownQuotes.Com, an online |
| days!.7. At age 65, a woman has a one out of | | | | insurance quotes web site. He is originally |
| two chance of spending some time in a nursing | | | | from Pinebluff, NC and attended Middle |
| home. A man has a one out of three chance. In | | | | Tennessee State University. He is considered |
| the case of men, mortality catches up with | | | | an expert in the field of online insurance |
| morbidity.6. Medicaid kicks in only after a | | | | shopping and finding new ways to help |
| person's assets and dignity are gone. In many | | | | consumers save money on their insurance. |
| states the eligibility threshold for single | | | | |