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Long Term CareLong Term Care is a very hot subject in today's world. In 2010 baby boomers will start turning 65 and looking at a future that can hold many variables. Medical science has prolonged life expectancy but with no guarantees on the quality of life. Diseases such as Alzheimer's, Cancer, and Heart conditions can rob us of quality of life and require use to pay for many years of expensive support & care.Without proper long term care insurance, most all of these costs are out of pocket. Oddly enough, those of us who have spent a lifetime building a secure nest egg will be the most vulnerable as public programs will not be available. Unless your net worth is under $2,000 to qualify you for public assistance (Medicaid) there are no benefits for you unless you prepare for them yourself. Under today's cost for inpatient long term care services, $180 to $200 per day is average. "At Home" benefits can cost up to $150 per 8 hour shift. In 2025 the cost will be close to $500 per day or $15,000 to $18,000 per month. By establishing a policy today, you can protect that hard-earned nest egg and ensure the best care possible. Today there are tax advantaged plans available to individuals and corporations. A C-Corporation can receive 100% tax deduction for premiums paid with benefits being tax free. As Long Term Care Specialist we are able to find a plan that fits your special needs. Please fill out this introductory form and we will contact you with long term care insurance options. |
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