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