“This letter bears my heartfelt appreciation for the splendid service you provided my entire family by convincing Martha and I that we each needed the protection of a long-term care policy.I'm deeply grateful also for the splendid help you gave me in filing a claim for benefits after Martha became ill. I was terribly distraught, and your kind assistance was tremendously helpful.

Expenses for Martha's care now exceed $1,000 a week. I can't tell you how comforting it is during these difficult days to know that we can give her the kind of treatment she needs without largely depleting our retirement savings.”

G.L. Creech
Lexington, KY

Long Term Care Insurance

I'm really healthy right now...why would I need long term care insurance?

Nearly half of all Americans will need long-term care at some point in their remaining lives. In fact, one in five over the age of 50 is at high risk of needing long-term care within the next twelve months. You may be in good health today...but if your health changes, even as early as tomorrow, you may not be able to get insurance at any price. And then you could be faced with paying all the bills yourself.

I already have health insurance. Why would I need long-term care insurance also?

There is a big difference between the two. Health insurance generally pays for the cost of treating illness or injuries. Medicare is quite similar. Long-term care insurance is designed to cover ongoing care and services for those unable to care for themselves. Health insurance does not pay for help with personal care. Medicaid only pays for long- term care once you are impoverished.

Won't Medicare pay for my long-term care needs?

Generally, neither Medicare nor private Medicare supplemental insurance nor the health insurance you may have either on your own or through your employer will pay for long-term care.

What are main advantages of having long-term care insurance?

Freedom and asset protection. A key advantage is freedom to choose where and how you want to receive care. For most people, that means the freedom to remain in their own home. Another important reason is to help protect assets and savings against the rising cost of care. Still another reason is that you will not have to rely on family for all your needs.

Am I too young to be thinking about long-term care insurance?

Forty percent of the 13 million American receiving long-term care services are between the ages of 18 and 64. Premiums are based on your age at the time you apply. The younger you are, the lower your premiums.

What are the odds of it happening to me?

The potential of making a claim on your homeowners insurance due to fire is 1 in 1,200. The potential of using your auto policy is 1 in 240. The potential of needing long-term care is 1 in 2. The odds of needing care at ANY age are greater than you might have thought.

What about my family? I'm sure they would be willing to take care of me.

Although it's common to ask family for help, those you love cannot always carry out caregiving responsibilities. Sometimes family members are emotionally or physically unable to care for a loved one. Families needing both spouses' incomes, geographic differences and travel time can also compound the problem. All this could affect productivity...and that could lead to major problems, even affecting job stability.

Please call us at 859-224-0764 or email us to find out more about whether you need long-term care insurance.