Top Ten Reasons Why

With the average California Baby Boomer reaching retirement, Long-Term Care insurance is on the minds of many people today. Here are the top-ten reasons why people like you purchase Long-Term Care insurance:

10. The government isn't going to pay for long-term care at home, in a nursing home, or in an assisted living center. Medicare pays 100% of restorative nursing home care for 20 days and all but $95.00 per day for the next 80 days--after that nothing. However Medicare only pays for skilled restorative care and long term care is not skilled restorative care.

9. The California average cost for nursing homes is approximately $130.00 per day. These costs are perfectly capable of wiping out a lifetime of savings-not to mention the emotional effect long-term care has on a family.

8. Over 69% of single people and 34% of married couples exhaust their assets after 13 weeks in a nursing home. 13 Weeks = 91 days!.

7. At age 65, a woman has a one out of two chance of spending some time in a nursing home. A man has a one out of three chances. 

6. Medi-Cal kicks in only after a person's assets and dignity are gone. The eligibility threshold is about $2.000 in assets.  

5. Children would like to help, but children often have children of their own. They certainly can't quit their jobs to care for their parents, and parents, increasingly, do not want to be a burden on their children.

4. Health rarely improves with age.

3. People can't buy long-term care coverage at crisis time or when they are ready to use it.

2. American's have access to the best health care in the world, if they can pay for it.

1. Most People want to choose where they go instead of having to go where they are taken.