By the year 2030, one in five Americans will be a “senior citizen” – over the age of 65.

If you are a Baby Boomer, born between the years 1946 and 1964, this includes you.

Odds are 70% you’ll need long term care

Studies predict that an individual today has a 70% chance of needing long term care (LTC) in their lifetime.

Currently,  the annual cost to a person needing LTC is near $75,000.  In 2030, that figure will skyrocket to $300,000 annually per person for the 23+ million Americans needing LTC.  Will you have that kind of money to spare?

Don’t be misled thinking that Medicare, Medicaid, or health insurance will pay for LTC costs!  The truth is Medicare has eligibility requirements for skilled nursing care only and is for a limited time period.

Medicaid is a welfare program that will NOT cover long term health care costs for the average individual who has assets of more than $2,000.  Health insurance and  medical supplements DO NOT cover nursing home care.

LTC insurance provides peace of mind

Individuals and families pay for most of long term care costs through their own hard earned cash, savings, and assets.  LTC insurance gives people the peace of mind to know they will have both the independence and the ability to pay for home care and assisted living costs.  It provides protection from the burdens of care giving and is less expensive in the long-run.

Contact us for more information on what age is the best time for you to buy LTC insurance.