Life and Long-Term Care Insurance
Insuring Life
Long-Term Care Insurance
At Ignacio Health we want your life to be about living, not worrying about what happens to your family when you pass. Your needs and your family's needs are extremely important. Use this calculator to see exactly how much life insurance you should expect to need.
As a country we are living longer, which is wonderful because we have more time to spend with the ones we love and doing the things we enjoy. One downside to a longer life expectancy, though, is that the potential need for long-term care goes up significantly. Many people don't think about the need for long-term care insurance, thinking that their families, Medicare or Medicaid will cover these needs but the reality is not so simple:
Medicare will only pay for long-term care if you require skilled services or rehabilitative care:
It does not pay for non-skilled assistance with Activities of Daily Living (ADL), which make up the majority of long-term care services. It can be extremely challenging to even qualify for this aid.
Medicaid will pay for the largest share of long-term care services, but to qualify, your income must be below a certain level and you must meet minimum state eligibility requirements and the state will often try to recover these costs from your estate after your death.
You or your family will have to pay for long-term care services that are not covered by a public or private insurance program.
Statistically there is a 70% chance that one will require long-term care services. With these odds, long-term care insurance becomes much more important.
The good news is that most often, the premiums for traditional LTC insurance are tax deductible, making them an excellent choice for both employers and the self-employed. Contact our office to get a quote so you can rest assured that you will not be a burden for your family and will have the care you want in a setting of your choosing. Life is short, rather than spending it worring about the future, secure your future and spend your life enjoying the present.
Life Calculations
Contact our office to make an
appointment with Caitlin so she can go over the results of your calculations with you and find a policy that really works for your needs. She can be reached through our office at (707)884-4640
or send her an e-mail at caitlin@ignaciohealth.com.
