Long-term care insurance (LTC) is more important now than it has been in the past. This instrument is not only crucial for your clients, but for their families as well. This vehicle protects loved ones both financially and mentally, while allowing them the freedom to retire and travel freely. LTC is the last and most vital instrument in protecting client’s families from the devastating effects of prolonged illness or devastating injury. LTC insurance preserves inheritances and legacies.

Americans are living longer than ever before. The U.S. Census Bureau (2000) estimates that by the year 2030 the number of seniors age 65 and older—currently approximately 35 million individuals and 13% of the United States population—is expected to double to 70 million. Over the next 50 years, the age 85 and older population is expected to be the fastest growing segment of society. Unfortunately, along with aging, the chances of needing LTC increase.

What is LTC? LTC refers to a broad range of services that assist those with chronic conditions in performing the essential activities of daily life (ADLs), such as bathing, dressing, and eating. Long-term care can be quite costly. How will your clients who require long term care pay for it? Here is a brief overview of the main options available:

• Medicare
  Many people mistakenly assume Medicare will pay for long-term care. In fact, Medicare does not cover this cost at all, although it may pay for a limited amount of "skilled care" in a nursing home or at the recipient's home (generally after release from a hospital).
• Medigap Insurance.
  Many seniors supplement their Medicare coverage with Medigap insurance. Although Medigap policies may be useful for some purposes, they generally do not cover long-term care.
• Medicaid
  According to the U.S. Department of Health and Human Services (2002), the major source of funds for long-term care is Medicaid. However, eligibility for Medicaid is strict and may require you to "spend down" (i.e., exhaust) almost all your personal assets before becoming eligible for assistance. Plus, the Deficit Reduction Act of 2006 makes it more difficult than ever to qualify for Medicaid.
• Personal Assets
  Many people rely on their personal funds before becoming eligible for Medicaid. However, with today’s high cost of health care, most people’s hard-earned savings disappear quickly.
  

The carriers we offer are:

• Genworth Life Insurance Company

• MetLife*

• Prudential Financial

*MetLife Company Affiliates

California Partnership
Connecticut Partnership
Indiana Partnership 
New York Partnership
Plan Ahead New York