Encino & Los Angeles California Long Term Care Insurance
Long Term Care Stickershock is widespread!
Todays cost of nursing homes and elderly care is continuing to rise annualy. Plan now in order to provide you and your family with the coverage you need to protect your assets and maintain financial security that you may need later in life. Don't disrupt your retirement lifestyle or family peace of mind. Safeguard the assets you worked so hard to save.
Who will need Long Term Care assistance ?
In general, if you can't perform daily living activities because of an impairment as a result of chronic illness or disability, you will need long term care. This would include the assistance you would need if you are unable to take care of yourself for a long period of time. However, some people who need help with these daily activities may only need assistance for a few months.Some people can't perform activities of daily living for many years,e.g..after a stroke,or those with dementia, and other chronic illnesses.
Long Term Care Insurance in Encino & Los Angeles California
Why buy long-term care insurance?
Don't rely on Medicare for Long Term care assistance. Your Health insurance very rarely pays for the extended cost of long-term care and Medicare usually doesn't cover custodial care. If you are in a low income situation with limited assets, you may not need long-term care insurance if your state's program covers your long-term care expenses. Medicaid is a program that pays for the medical and long-term care expenses for lower income individuals.
Even If you have significant financial security, you likely will benefit from long-term care insurance instead of self funding out of pocket when long-term care expenses do arise. If you realize you may not qualify for Medicaid and won't have the financial means to cover all your Long Term care expenses, long-term care insurance will offer peace of mind for you and your family. A Long term care insurance plan will give you valuable options and benefits, and offset cost of care from draining your assets.
Some experts have given suggestions and tips to help you decide whether to purchase long-term care insurance. If you meet these requirements, long-term care insurance may be a good fit for you and your family:
- You can afford the cost of the monthly premiums.
- You are still healthy enough to get approved for Long Term care insurance.
- Your assets average more than $80K and your annual income averages at least $40K.
- Most companies will only write long-term care policies for individuals between ages of 40 and 80.
Allow us to help you with Long Term Care Guidelines,policy details,and requirements. We specialize in Long term care insurance solutions nationwide, based in Encino, California including the Burbank, Calabasas, Santa Clarita, Studio City, and Westlake Village areas.
Boxer Insurance specializes in both Stand Alone and Combination (Hybrid) Life-LTC solutions ! Let us help you and your Loved ones.