Florida Long Term Care Insurance

Florida Long Term Care Insurance Information

Although people are generally living longer, many are requiring
assistance in their later years. Long term care services can be provided
in your home, in an assisted living facility or in a nursing home. In many
cases the family is no longer able to provide such care around the clock.
Family members may not live nearby, they may have other pressing
family commitments, or simply can't get the time off from work or away
from the home.

According to recent data, 48.6% of people age 65
and older may spend some time in a nursing
home and 71.8% of people age 65 and older may
use some form of home health care.

Some people can pay the bill out of pocket, others
will qualify for Medicaid (welfare), but most of us
will fall somewhere in the middle. A Florida Long
Term Care insurance policy can help protect your
assets from the rising cost of care.

Long Term Care insurance is often referred to as
"asset protection." Individuals need to have assets
worth protecting in order to justify the purchase of
a policy. If you are able to pay Long Term Care
insurance premiums without having to change
your lifestyle - you should transfer that risk to the
insurance company.

Three Types of Long Term Care
Insurance Policies

Facility Only: Will pay benefits for care in a nursing
home, assisted living facility or board and care
facility. It's the most basic policy but often the most
needed type.

Home Health Care: Will pay benefits for care in your home, but
not in a facility. The preferred policy when a home health care
situation is possible.

Comprehensive: Will pay benefits for care in your home or in a
facility. This is the preferred type of plan (policy) because of it's
flexibility, but is also the most expensive.

A long term care insurance specialist will assist you in deciding
which type of policy will work best for your needs.

More Information on Florida Long Term Care Insurance

Click on the link below to fill out a secure quote request form for a
Florida long term care insurance policy that provides excellent
health insurance coverage and services at an affordable cost. Or
speak with our Florida Long Term Care Insurance Specialist at
(305) 267-0000 to discuss the features.

Click here to fill out a Florida Long Term

Care Insurance policy quote request form

Benefit Limit: The number of years that a plan will pay a benefit from
the time you get sick. Benefit limits generally vary from one year to
lifetime coverage. The longer the benefit limit, the greater the protection
but the higher the cost.

Inflation Protection: Sometimes called an "inflation rider", this
provides you with a way for your daily benefits to increase over time.
Otherwise, the policy may not be sufficient to protect you many years
from now. Long term care insurance policies normally contain riders
offering automatic daily benefit increases of 5 percent each year, either
at "simple" or "compounded" rates.

Elimination Period: Amount of time that you agree to pay out of your
own pocket before the plan (policy) begins to pay. This period normally
varies from 0 to 100 days. The 100-day elimination period will produce
the smallest premium cost to you.

Daily Benefit: The maximum amount a policy will pay for one day of
care. This can vary from $50 per day to over $400 per day. You will
decide whether to purchase sufficient insurance to cover all of these
costs or only most of them.

Long Term Care Insurance Policy Premiums

Long Term Care Insurance Features

Long Term Care Insurance Facts & Costs

Stable Premiums: Premiums that will not be influenced by any
change in your age or health, and will not change during the life of the
policy. Insurance companies do reserve the right to change rates on a
statewide basis.

Guaranteed Renewable: The insurance company can't cancel the
long term care insurance policy unless you fail to pay the premium.

Covers Mental Conditions: Covers mental and nervous conditions
due to any organic brain disease, including Alzheimer's Disease.

Exclusions: Exclusions should be minimal and should not adversely
affect your stated insurance protection goals.

No Pre-Existing Conditions: All previous medical history admitted
on the long term care insurance application and is approved for a
policy, is of no consequence in the future.

Waiver of Premium: The insurance company allows you to stop
paying premiums once you've begun receiving benefits. There can be
waiting periods of up to 90 days before this waiver takes effect, and it
may not be available when home health care is purchased.

In choosing a long term care insurance policy you should
consider the features listed below.

No matter what age you are now, it's doubtful that you will pay more
over your entire life in total premiums for long term care insurance
than you would pay for only a one year stay in a nursing home.

The cost of nursing home care has risen at an average rate of 7% per
year for the last 15 years. Today's average cost of care in Florida is
about $141,000, but inflation rates will propel this cost much higher.
An average inflation rate of 6% over the next twenty years would more
than triple the cost of nursing home care.

Medicare pays for less than 10% of all nursing home costs.

Over 50% of the U.S. population will require long term care at some point.

38% of the 13.5 million Americans currently receiving long term care
are between the ages of 18 and 64.

More than 76% of people receiving long term care, receive it in their home
or in other community environments.

Facts

Type of Policy: Facility, Home Health Care, or Comprehensive

Age: The most important element in determining the premium.
Naturally the earlier you start paying for long term care insurance
the better.

Long Term Care Insurance (Nursing Care)

There are three levels of nursing care that are covered by a long term
care insurance policy:

Custodial care: Care necessary due to a permanent or chronic illness
or injury, which is less intensive, but which may continue indefinitely.
This nursing care helps a person perform activities of daily living or
supervises a person if cognitive impairment exists. Many custodial care
situations start with a mild degree of illness which is followed by slow
deterioration. Alzheimer's disease is one example where custodial care
is usually needed. Other types of insurance policies do not offer
custodial care benefits. The value of long term care insurance for you or
a family member and protecting a lifetime of created assets is never
more evident than in custodial care nursing services.

Skilled care: Short term nursing care needed after an illness or serious
injury. Consists of rehabilitative and intensive 24 hours per day care.

Intermediate care: Rehabilitative care by a nurse for up to six months
and when less than 24-hours per day supervision is needed.

Skilled care: Short term nursing care needed after an illness or serious
injury. Consists of rehabilitative and intensive 24 hours per day care.

There are 6 primary factors influencing the premium

for long term care insurance policies:

Costs

**The information, pictures, and other content in this website about particular
insurance services is only provided for informational purposes. Any decisions
regarding your insurance needs should be discussed with a licensed insurance
agent.

Click on the link below to fill out a secure quote request form for a
Florida long term care insurance policy that provides excellent health
insurance coverage and services at an affordable cost. Or speak with
our Florida Long Term Care Insurance Specialist at (305) 267-0000 to
discuss the features.

Click here to fill out a Florida Long Term

Care Insurance policy quote request form

Click here to fill out a Florida Long Term

Care Insurance policy quote request form

Click on the link below to fill out a secure quote request form for a Florida
long term care insurance policy that provides excellent health insurance
coverage and services at an affordable cost. Or speak with our Florida
Long Term Care Insurance Specialist at (305) 267-0000 to discuss the
features.

Click here to fill out a Florida Long Term

Care Insurance policy quote request form

We are your local Miami, Florida insurance agency, offering affordable long
term care insurance services to residents of the following cities and counties:
Coral Gables, Kendall, Richmond Heights, Pinecrest, Howard, Coral Way
Village, Westchester, Westwood Lakes, Brownsville, Sweetwater, Key
Biscayne, North Bay Village, Miami Beach, Miami Springs, Virginia Gardens,
Hialeah, El Portal, Miami Shores, Medley, Indian Creek, Surfside, Bal
Harbour, North Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche
Park, Hialeah Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami
Lakes, Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach,
Aventura, Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale
Beach, Ives Estates, Pembroke Park, Hollywood, Dania Beach, Cooper City,
Davie, West Miami, Weston, Plantation, Playland Isles, Melrose Park,
Lauderhill, Sunrise, Tamarac, Fort Lauderdale, Wilton Manors, Oakland Park,
Lauderdale Lakes, Sea Ranch Lakes, Pompano Beach, Margate, Coral
Springs, North Lauderdale, Lighthouse Point, Hillsboro Beach, Coconut Creek,
Deerfield Beach, Boca Raton, The Hamptons, Highland Beach, Boca West,
Delray Beach, Boca Pointe, Boynton Beach, Lantana, Rainbow Lakes,
Atlantis, Lake Worth, South Palm Beach, Palm Springs, Greenacres,
Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge,
West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Juno Beach, North
Palm Beach, Loxahatchee, Belle Glade, Palm Beach Shores, South Miami,
Cutler Ridge, Princeton, Perrine, Naranja, Homestead, Florida City, Leisure
City, Miami-Dade County, Broward County, Palm Beach County, FL. We also
offer long term care insurance services in the remainder of Florida, including
Orlando, Jacksonville, Lakeland, and the Tampa Bay area.

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