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!
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Orton Insurance is proud to offer the following services to the Rexburg, Idaho Falls, Rigby, St Anthony and surrounding areas: * Group Benefits (Including Group Medical, Dental, and Vision Insurance) * Individual Medical, Dental and Vision Insurance * Long Term and Short Term care options * Life Insurance * Annuities
Roscoe Orton is an Insurance Representative of MassMutual. Registered Representative of and offers securtities through MML Investors Services, LLC, a member of the MassMutual Financial Group.OSJ 3540 E Longwing Lane Ste J-210 Meridian ID 83646 208-364-0500. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company(MassMutual)and its affiliated comapanies and sales representatives. Springfield, MA 01111-0001. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies. Agency Officers are not officers of MassMutual. Roscoe Orton is licenced to transact insurance business in the following states: CA, ID OR, UT, and is registered to offer securities in the following states: CA, ID UT, OR.