Why Long Term Care Insurance Is So Important
In having enrolled over 7,000 people into Medicare plans, we are keenly aware that Medicare has holes. The most significant such gap is that Medicare does not cover Long-Term Care. We’ve seen clients unprepared, unfortunately, too many times.
Think of it like a house that has missing windows. It’s not great for our sense of security and when it rains it’s a serious problem.
Why Doesn’t Medicare Cover Long-Term Care?
Because it is so expensive. Medicare makes up 14% of the USA entire national budget. If Medicare covered long term care that number would jump to 21%. Because of this, Medicare would rather pass that enormous cost to you to deal with.
70% of people will need long term care in their lifetime and the cost can often reach $200,000. One way or another people ought to plan for the need.
Here’s What You Need to Know About Long-Term Care
We do not have a fill out form because Long-Term Care coverage is simply not a “fill-out a form, get a quote” matter. Long-Term Care coverage comes in two forms: As Traditional Insurance, and more commonly as a Rider to Life Insurance or to an Annuity. There are also numerous factors which influence cost.
We can help you with every available option. As Independent Agents, with Insurance and Medicare we write for over 50 carriers. We specialize. On the Medicare side we have 11 agents. Because Long-Term Care is its own expertise, we have Michael Lucidi as our specialist. Michael has 27 years of experience with long-term care insurance.
Our most important role is educating you. We are happy to mail you any of our three paperback books that will help inform you. We also invite you to set an appointment with Michael. Or, if Medicare is a need, with one of our Medicare experts.
“Our Role Is To Educate You”
We’re INDEPENDENT. The 50 carriers we represent include:
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