Monthly Archives September 2015

The Top 10 Reasons Why People Choose Long-Term Care Insurance

Actuarial studies show that due to increasing advancements in Medical Science, which bring a longer life span, more than 70% of people over age 65 will need Long-Term Care services at some point in their lives according to a study by the U.S. Department of Health and Human Services. I cannot depend on Medicare to cover my Long-Term Care expenses. Medicare covers less than 18% of all Long-Term Care expenditures.1 To protect my assets I have worked for in my life. The national average for an Assisted Living Facility in 2014 was $50,944.44 annually and for a Semi-Private Nursing Home Room cost
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