The secret to getting the care you want tomorrow?
Planning today.
People are living longer than ever. But 70% of those over 65 will need long term care at some point. Health insurance won’t pay for it. Medicare and Medicaid may provide limited coverage, but only if you meet certain criteria. Long term care insurance, on the other hand, can provide you the coverage you need to live your life on your terms, where you want.
Why would I need it?
Long term care insurance is coverage that you purchase in the event that you are one of the overwhelming majority of people who will need some form of long term care as they age. If you are unable to perform simple everyday tasks by yourself, like going to the bathroom, getting dressed, feeding yourself, or getting from place to place, you will need long term care services or support.
How does it work?
Once a need for extended care has been established, long term care insurance helps cover the costs of care providers and support services in the location that’s right for you. For many people, that’s in their own home. Coverage helps fund not just in-home care, but can also be used to fund home modifications like wheelchair ramps or adjustments needed to make a bathroom accessible.
If you require an assisted living facility or nursing home, your coverage goes toward those costs. Either way, you choose the amount of coverage that’s right for you and then apply that coverage amount to the cost of the care you need. Your needs may also change over time, which is why we cover a wide variety of care settings and scenarios.
| $47,934 | 59% | 4.2 years |
|---|---|---|
| The annual national median cost of home care. | Percentage of long term care claims that last over a year. | The average length of a long term care claim lasting longer than one year. |
How much could Long Term Care Insurance cost?
Paying for a long term care need can add up quickly. Find out how much long term care insurance costs today to start protecting your tomorrow:
Andersen Alumni has partnered with BPB Associates of Atlanta for special discount carrier pricing for members and spouses. Contact Brian Boss at 770.632.2733 for rates/benefits & assistance
