Long Term Care Insurance

  Long term care insurance is to provide finances to pay for the expenses of long term care. An example of a long term care need is an individual that is unable to take care of himself and is put into a nursing home. Money is necessary to stay in such a facility. The national average cost for nursing home care per day in the United States is $200. At this rate people eat through their assets very quickly. The long term care coverage provides stability and security for assets and future gifts to heirs or charities. In the state of Idaho, the dollar amount of long term care insurance a person buys can be protected from seizer by the state if the person uses up their benefit. For example, if a person buys $250,000 worth of partnership long term care insurance and uses the whole amount for assisted living or long term care, then the state will provide Medicaid and leave the insured with $250,000 in assets.

Let us help you assess if you or your parents need this or not and how much. Contact us!