by Roni Mayben; a Certified Senior Advisor (CSA)® Carlsbad, CA
I have been in the long-term care industry for over 35 years. Over this time, I have come to understand and learn how long term care insurance policies work, but also the reality of the care options that they pay for. Moreover, I love helping seniors and family become more comfortable, as we worked together to resolve claim related issues. My specialty is long–term care insurance (LTC or LTCI) services! Learning together, experiencing life, simply is my goal, in how a “long-term care” (LTC or LTCI) policy works. We can do this at one of my offices or better yet in your home. Please call me anytime for a free consultation!
What is long-term care insurance?
In the event that you need “long-term care” (LTC) services, this insurance reimburses you for the expenses you incur for the daily assistance. Your normal “activities of daily living” (ADLs) which include: eating, toileting, dressing, transferring, ambulating, bathing, continence, and cognitive ability; are reimbursed based on your coverage.
What are some of the benefits of long-term care insurances?
Long term care insurance can provide protection of your assets from being depleted because of the potentially high cost of long-term care. Having the protection of a good long term care policy will allow you to have more choices available when you or your family needs to make decisions on how you will receive the assistance you need. Most importantly, long term care insurance can alleviate the need to burden family members with the responsibilities associated with long term care. It can allow your family to live their lives while giving you the love and support you need from them.
How much will a long-term care policy pay?
You design the policy you want. The benefit amounts available are $100.00 a day- $300.00 a day. There are a lot of options and benefits available to choose from when designing your plan.
Who can provide my care?
The care you receive may be provided at home either through a family member, friend, or a home care aide organization that provides trained and supervised home care aides. This help is available from 4 hours a day up to 24 hours. You may also choose to receive care in an assisted living community, a skilled nursing facility, or an adult day care center.
What are the risks of needing long-term care?
Current statistics show that 70% of those 65 or older will need long term care.
A year of long term care can cost $72,000.00. Medicare pays only 16% of the long term care need in America.
What are the solutions?
There are many companies now offering long term care insurance products. Please allow me to take the time to talk with you about your concerns and help you reach an educated decision about the issue. I really care about Senior Care and helping you!
Roni Mayben, CSA, Long Term Care Specialist