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Thank you for inquiring about long-term care on our web site. We look forward to speaking with you in person to discuss your needs. Once we learn a little more about your needs we will send over quotes for your review.
Long-term care refers to a broad range of supportive medical, personal, and social services needed by people who are unable to meet their basic living needs for an extended period of time because of an accident, illness, or frailty. Long-term care involves receiving the assistance of another person(s) to perform the essential activities of daily living (ADL) when these tasks can no longer be performed independently. The ADLs include eating, toileting, transferring, bathing, dressing, and maintaining continence. Severe cognitive impairment may require long-term care services. ADL assistance may be provided at home by formal (paid) caregivers, such as home health aides, or by informal (unpaid) caregivers, such as family members or friends. ADL assistance is offered in nursing homes, assisted living facilities and adult day care centers.
How Likely Are You to Need Long-Term Care?
Americans live twice as long as they did a century ago. As we age, the greater become our chances of needing long-term care. In fact, 44 percent of persons reaching age 65 can expect to spend some time in a nursing home. The average nursing home stay is 2.5 years, with one in five people staying more than five years.
Most people cannot afford to pay the cost of long-term care and keep their financial security intact. The result may be a reduction or even a loss of independence and personal control over their fiancés. However, by understanding and planning for the risks of needing long-term care, many people can retain their independence.
There are good long-term care insurance policies available that can help protect you from the high cost of care. While some cover only nursing home stays, others are more comprehensive, paying benefits for home care, adult day care, and care provided in assisted living facilities.
Policies also offer various options for the benefit amounts they will pay for your care each day and over your lifetime, the length of the elimination or waiting (deductible) period, and the type of inflation protection provided. The elimination period is the number of days that the insured must pay for care before benefits are paid by the insurer. Premiums for long-term care insurance vary depending on your age, your health and the coverage you buy.
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The younger you are at the time you buy the policy, the lower your premium will be. Therefore, it’s a good idea to plan in advance and consider the purchase of long-term care insurance well before you are likely to need it, when premiums are more affordable.
Purchase in your younger years to obtain an affordable premium is not the only advantage. The ability to pass medical underwriting and become insurance is many times related to age. Medical issues that limit insurability may accumulate with age.
In order to begin the quoting process, please provide us with your gender, date of birth, smoker or non smoker and any present medical conditions.
In addition, Advocate also works with dental, life, disability, pensions, and all other benefits plans. We also have a casualty division that handles all personal insurance and business insurance needs.
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