LONG TERM CARE INSURANCE <ul><li>Is Long Term Care Insurance Right for You? </li></ul><ul><li>Yes… </li></ul><ul><li>If yo...
BUT BEFORE WE GET TOO FAR… <ul><li>What prompted you to start investigating Long Term Care protection? </li></ul><ul><li>L...
How is Your Health? AIDS,  AIDS related complex or positive HIV test Alzheimer ’s Disease  Amyotrophic Lateral Sclerosis C...
EARNINGS ON INVESTMENTS EMERGENCY FUNDS Self-Insured When it’s gone it’s GONE Protect  your  assets and your emergency fun...
LONG TERM CARE:  DID YOU KNOW? WHO PAYS?
LONG TERM CARE:  DID YOU KNOW? Home Health Care Assisted Living Facility Adult Day Care Nursing Home Care STAGES OF CARE
WHAT IS LONG TERM CARE? <ul><li>3 levels of care </li></ul><ul><ul><li>Skilled Care </li></ul></ul><ul><ul><ul><li>Physica...
LONG TERM CARE:  DID YOU KNOW? <ul><li>(With 90-Day Certification) </li></ul><ul><li>Bathing </li></ul><ul><li>Dressing </...
LONG TERM CARE:  DID YOU KNOW? 60% 65 and Older 40% Working Age Adults Ages 18 – 64 1  America’s Health Insurance Plans (A...
LONG TERM CARE INSURANCE Can you think of anything else other than the cost of long-term care that could “involuntarily” w...
SOLUTIONS Be Rich Be Poor Be Insured If you do not have insurance,  you ARE the insurance company
 
<ul><li>7 Reasons people apply for LTCi </li></ul><ul><ul><li>Preserve lifestyle / standard of living </li></ul></ul><ul><...
ACSIA / LTC GLOBAL <ul><li>ACSIA was founded in 1955 and helped create the first LTCi products in 1972 </li></ul><ul><li>L...
NATIONAL DAILY CHARGES FOR  NURSING HOME CARE $212 $189 $194 $184 $164 $158 $144 $180 $157 $157 $170 $195 $156 $167 $137 $...
Long Term Care
HOW DO I (QUALIFY) OR FIND OUT IF  I AM ELIGIBLE? <ul><li>Health Questionnaire </li></ul><ul><li>Initial Premium </li></ul...
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Managing your Independence and Preserving your Assets

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Did you know why you may need Long Term Care insurance?

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Managing your Independence and Preserving your Assets

  1. 2. LONG TERM CARE INSURANCE <ul><li>Is Long Term Care Insurance Right for You? </li></ul><ul><li>Yes… </li></ul><ul><li>If you are health qualified </li></ul><ul><li>Yes… </li></ul><ul><li>If you recognize the need </li></ul><ul><li>Yes… </li></ul><ul><li>If it is affordable </li></ul><ul><li>Yes… </li></ul><ul><li>If you understand the wisdom and see the benefit of transferring the risk </li></ul><ul><li>Yes… </li></ul><ul><li>If the coverage fits your needs </li></ul>
  2. 3. BUT BEFORE WE GET TOO FAR… <ul><li>What prompted you to start investigating Long Term Care protection? </li></ul><ul><li>Let’s gather some facts… </li></ul><ul><li>Insurability </li></ul><ul><li>Family History </li></ul><ul><li>Finances </li></ul>
  3. 4. How is Your Health? AIDS, AIDS related complex or positive HIV test Alzheimer ’s Disease Amyotrophic Lateral Sclerosis Cystic Fibrosis Dementia Huntington’s Memory Loss Mental Retardation Multiple Myeloma Multiple Sclerosis Muscular Dystrophy Myasthenia Gravis Parkinson’s Disease Schizophrenia Scleroderma Spinal Cord Injury Stroke / CVA Have you ever… Within the past 10 years…
  4. 5. EARNINGS ON INVESTMENTS EMERGENCY FUNDS Self-Insured When it’s gone it’s GONE Protect your assets and your emergency fund Share the Risk
  5. 6. LONG TERM CARE: DID YOU KNOW? WHO PAYS?
  6. 7. LONG TERM CARE: DID YOU KNOW? Home Health Care Assisted Living Facility Adult Day Care Nursing Home Care STAGES OF CARE
  7. 8. WHAT IS LONG TERM CARE? <ul><li>3 levels of care </li></ul><ul><ul><li>Skilled Care </li></ul></ul><ul><ul><ul><li>Physical/Speech Therapy </li></ul></ul></ul><ul><ul><ul><li>Occupational Therapy </li></ul></ul></ul><ul><ul><li>Intermediate Care </li></ul></ul><ul><ul><ul><li>Oxygen/Respiratory Treatments </li></ul></ul></ul><ul><ul><li>Custodial Care </li></ul></ul><ul><ul><ul><li>Activities of Daily Living (ADLs) </li></ul></ul></ul><ul><ul><ul><li>Or Cognitive Impairment </li></ul></ul></ul><ul><li>Most long-term care is custodial </li></ul><ul><li>Health Insurance/ Medicare does not pay for </li></ul><ul><li>custodial care. </li></ul>Medicare & You 2008 – National Medicare Handbook – Center for Medicare & Medicaid Service (CMS)
  8. 9. LONG TERM CARE: DID YOU KNOW? <ul><li>(With 90-Day Certification) </li></ul><ul><li>Bathing </li></ul><ul><li>Dressing </li></ul><ul><li>Transferring from bed to chair </li></ul><ul><li>Toileting </li></ul><ul><li>Eating </li></ul><ul><li>Continence </li></ul><ul><li>And/Or Cognitive Impairment (Alzheimer’s/Dementia) </li></ul>ACTIVITIES OF DAILY LIVING
  9. 10. LONG TERM CARE: DID YOU KNOW? 60% 65 and Older 40% Working Age Adults Ages 18 – 64 1 America’s Health Insurance Plans (AHIP). Guide to Long-Term Care Insurance . 40 percent of the 13 million people receiving Long Term Care services are between the ages of 18 and 64 1
  10. 11. LONG TERM CARE INSURANCE Can you think of anything else other than the cost of long-term care that could “involuntarily” wipe out your life savings and take away your independence? THE FOUR MAJOR RISKS TO YOUR RETIREMENT PORTFOLIO Risk Insurance Home Fire Yes Major Auto Accident Yes Short Term (Hospital) Care Yes Long Term Care Not Yet, Why? Some people think it’s Health Insurance but it’s really Wealth Insurance
  11. 12. SOLUTIONS Be Rich Be Poor Be Insured If you do not have insurance, you ARE the insurance company
  12. 14. <ul><li>7 Reasons people apply for LTCi </li></ul><ul><ul><li>Preserve lifestyle / standard of living </li></ul></ul><ul><ul><li>Burden to spouse / family </li></ul></ul><ul><ul><li>Freedom of choice and independence </li></ul></ul><ul><ul><ul><li>Avoidance or delay in going to nursing home </li></ul></ul></ul><ul><ul><ul><li>Policy pays for Assisted Living, Adult Day Care and Home Care </li></ul></ul></ul><ul><ul><li>Income and Asset protection </li></ul></ul><ul><ul><li>Medicaid / Partnership </li></ul></ul><ul><ul><li>Access to quality care </li></ul></ul><ul><ul><li>Peace of mind </li></ul></ul>THE MAIN REASON PEOPLE CONSIDER LTC
  13. 15. ACSIA / LTC GLOBAL <ul><li>ACSIA was founded in 1955 and helped create the first LTCi products in 1972 </li></ul><ul><li>Long Term Care Insurance is our major focus </li></ul><ul><li>We represent all the major insurance carriers, but are independent of any company, so that we can provide objective counsel and recommendations </li></ul><ul><li>As the market changes we will be there to bring you the latest information </li></ul>
  14. 16. NATIONAL DAILY CHARGES FOR NURSING HOME CARE $212 $189 $194 $184 $164 $158 $144 $180 $157 $157 $170 $195 $156 $167 $137 $126 $126 $182 $145 $132 $131 $116 $206 $161 $157 $164 $167 $186 $150 $183 $158 $159 $180 $153 $165 $170 $188 $210 $298 $275 $135 $233 $275 $216 $321 $255 $208 $264 High Low Medium MetLife Market Survey of Nursing Home & Home Care Costs 2007 Let’s now look at the cost of care in our area
  15. 17. Long Term Care
  16. 18. HOW DO I (QUALIFY) OR FIND OUT IF I AM ELIGIBLE? <ul><li>Health Questionnaire </li></ul><ul><li>Initial Premium </li></ul><ul><li>Doctor’s Records </li></ul><ul><li>Phone or Face to Face Assessment </li></ul>TODAY EFFECTIVE DATE 80% Processed – 45 Days 30 Day – Free Look

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