Tom Brown
Specializing in long term care insurance
GENWORTH FINANCIAL
(Formerly GE Capital Assurance Company)
Tom Brown, San Diego District Manager
CA License No. OE35469
Long Term Care (LTC) insurance helps you pay the expenses for long term care when you are no longer able to care for yourself and must rely on others to provide assistance to you. The need for long term care can arise from accidents, disabilities, illnesses such as a stroke, or the progression of chronic diseases such as rheumatoid arthritis or Parkinson’s disease. LTC insurance can be used to help pay for facility care or care in your home.
Neither health insurance nor Medicare will pay for extensive LTC requirements. People that reside in facilities today, or receive help in the privacy of their own homes for an extended period of time, generally pay out of their own pocket, or they have already depleted their assets to such an extent that they are eligible for Medicaid.
Nearly half of all persons in their 50’s and 60’s will need long term care. The average cost of a nursing home in San Diego was $60,000/year in 2004. Home care in this area from a licensed agency is $18-20/hour.
With LTC insurance, you can protect your assets from the high cost of care, and you can maintain control of the type of care you receive, and where you receive it.
To qualify for LTC insurance you must be in good health when you apply, and the cost of coverage increases rapidly as you get older.
If you understand the financial risk to your savings that long term care represents, and the loss of control when you need care but have depleted your assets, you will want to investigate the advantages of LTC insurance. And by applying for LTC insurance at an early age you will increase your chances of qualifying and you will benefit from more affordable premiums.
Long Term Care Insurance
Main Phone: 858-922-1507
Email: tbrown5@san.rr.com
Website: www.tombrownltc.com
For more information please click on the following link:
HCASpecialReport
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