Long Term Care Protection

What plans have you made to finance a nursing home stay in Your family?

You Have Dreams For The Future You Have Happy Dreams And Plans... and we hate to spoil them with bad news. A good financial plan absolutely must have provisions for long term care. The risk is far higher than any of us want to think, and any estate or savings can be quickly depleted. It's unpleasant, but let's look at the facts.

Is There A Nursing Home In Your Future?

The chances of this may be greater than most of us think. Here's a chart to show you the chances of someone over age 65 requiring nursing home confinement.
Who Chance of Nursing Home Stay
Overall 43% will spend time in a nursing home
Men 1 out of 3 will spend time in a nursing home
Women 1 out of 2 will spend time in a nursing home
Couples 70% - Yes 70% will have 1 of the spouses in a nursing home

Who Pays for Nursing Home Care?

Medicare...NO Medicare only pays for skilled and intermediate nursing home care. 95% of all nursing home stays are for custodial care (feeding, bathing, etc.) are NOT COVERED BY MEDICARE.
YOU...YES IF you can afford the average DAILY COST of over $100, you will pay out of your pocket. Most of us would not be able to to support this kind of expense for very long.
The Result... 71% of individuals in nursing homes are financed by TITLE_19...WELFARE!!! Do you want to watch yourself, your spouse, or your parents forced into a home chosen by WELFARE. We don't think this would be an acceptable situation.
The Answer to Long Term Care Is There A Solution... You can rest assured only when your financial plans include expertly designed affordable protection for you, your spouse, and possibly for your parents. Be sure that your savings and retirement plans don't leave a gaping hole in case of a nursing home confinement. We can tailor make plans to fit your exact desires including nursing home, home care by a spouse or relative, and cost inflation protection.

So What Should I Do Now?

This Risk is Too High, and the cost is much lower the younger you are when you start your plan. So now is the time to look into this. Simply click on the information request. We'll be happy to show you that we can make this a lot easier than it looks.
Morrissey Agency presents this page with the intention of providing useful and interesting information, and to have a little fun too. The information presented is for illustrative purposes only, and is in no way to be construed as an offer of insurance. Every effort is used to maintain accuracy on this site, but we can't guarantee that this information is accurate for every possible situation. Contact us for more complete information. We'll be happy to help.
Copyright 1996 Morrissey Agency, Inc.
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