At the cost of nursing homes are running $ 4000 to $ 6000 per month, before inflation, it is not surprising that most of the elderly can not afford long term care insurance premiums. Low-cost alternatives are available for older people who can not afford the rising cost of these elders even asked if they need Premiums.Many care insurance long term. Look at the statistics and decide yourself.Long NumbersIn long-term care by 2010 about 12 million Americans age may require long-term studies CARE U.S.
Department of Health and Human Services says that 40% of all Americans over the age of 65 nursing homes should care22% of all Americans over the age of 85 are in nursing HomeAccording United States government, 40% of people receiving long term care services from 18 64.Many elders are convinced that Medicare and Medicaid to cover long term care. Each state has its own rules about what the net income and minimum value, and if they are eligible for assistance from the long-term care. Here are some of the qualification standards for the use of the State of Missouri, published in the Consumer Guide for seniors from the official website of the State (http://insurance.
mo.gov/consumer/senior/ltcguide. PDF) (For other states, visit the web page and then click Search State.gov insurance and long-term care), Missouri Medicare pays for long-term care as followsFirst 20 days, Medicare will pay about 80 allFor Medicare and split up the cost on FormulasBeginning based on 101 some days, you are responsible for all long-term care Costs.What About Medicaid? Here are some rules in the state of Missouri. A person has to go through their assets for less than $ 1000 and Medicaid pay.
A The couple will pass through a 1 / 2 of their business or for more information. Under the rules, following a spouse can save between $ 13,740 and 68,700. Thus, if a family in which only $ 13,740 of his wife takes everything, and Medicaid will pay the cost of Long-Term Care. But if a couple has $ 500,000 in assets of the spouses receives only $ 68,700 first Medicaid Pay.Certain activities are exempt from having to go through a day and is recommended if you have significant, alternative health insurance, assets that appeals to the investment adviser or a lawyer, alternative health insurance, who specializes in asset protection for the elderly in State, alternative health insurance, .
Now with the facts, the question is how to protect themselves at a reasonable cost. Many insurance companies offer annuity and equity indexed pension with profits in homes for the elderly. These pensions, which allow you to take your pension for 5 years to help pay for their long-term care. In addition, long-term care income tax provision of this growth, 10% in bonds of the first 5 years, and many others Benefits.If great concern about the high costs of long-term maintenance, but I really can not afford the high cost of long-term care premiums annually after Long-Term Care Rider may be a solution seek.
Mike Broker is a licensed life insurance agent in St. Louis. For details call, alternative health insurance, Mike at 314 398-5547 or visit the web page of http://ewguru.com/insuranceCopyright 2005-2006 Mike
วันเสาร์ที่ 20 กุมภาพันธ์ พ.ศ. 2553
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