2. Where is long-term care received?
Most long-term care doesn’t take place in a nursing home; in fact, most
people will never be in a nursing home as less than 15% of LTC happens
there.
3. Who needs long-term care?
Long-term care happens to people of all ages. In fact, over 40% of people
who need care are under age 65.
4. Long-Term Care is Expensive
Long-term care could cost up to $75,000 a year for a 10 hour shift of
home care or care in a nursing facility. These costs are expected to triple
in the next 20 years.
5. Who pays for long-term care?
Health insurance and Medicare don’t pay for long-term care as they only
pay for short-term, recovery care; typically less than 3 months.
6. Who pays for long-term care?
Most long-term care is paid out of pocket or by Medicaid, a state and
federal welfare program that pays only after you have spent down most of
your resources.
7. 1 in 2
1 in 16
1 in 300
The need for long-term care
The odds of needing care are high, greater than 1 in 2 at age 65, much
higher than other risks we routinely insure like automobiles and houses.
8. Very expensive
Very likely to happen
Not paid by anything else
Has a devastating impact
on the family
Long-Term Care
9. • Bathing
• Dressing
• Transferring
• Toileting
• Eating
• Continence
or a cognitive impairment
Long-Term Care Insurance
Pays for the costs associated with providing assistance with the Activities
of Daily Living.
10. • at home
• assisted living facility
• adult day care
• nursing facility
• hospice
Long-Term Care Insurance
Designed to pay for services where you want to receive them; providing
you with choice and control over your care.
11. • actively-at-work employees
• spouses
• parents
• grandparents
• siblings
• adult children
Who is eligible?
ABC Company LTC Program
12. • 10% Premium Discount
• actively-at-work employees, age 65 and
under receive Simplified Underwriting
• actively-at work spouses, age 65 and
under receive Simplified Underwriting
Only available during initial enrollment
Discounts & Underwriting Concessions
ABC Company LTC Program
13. • Policies are fully portable
• No rate increases due to change in age
or health. Can never be cancelled.
• Premiums can only be increased by
class if approved by state
Premiums and Portability
ABC Company LTC Program
14. • 90 Calendar Day Elimination Period
• The number of days you will wait
before the policy begins paying
Your Policy Benefits
ABC Company LTC Program
15. • $2,000/month $50,000/lifetime max
• $3,000/month $100,000/lifetime max
• $4,000/month $150,000/lifetime max
• $5,000/month $200,000/lifetime max
• $6,000/month $250,000/lifetime max
Choice of Benefits
ABC Company LTC Program
16. • 90 Calendar Day Elimination Period
• Reimbursed for actual expenses up to
monthly maximum
• Unused portion of benefit remains in
policy for future use
How Benefits are Paid
ABC Company LTC Program
17. • 3% Compound Automatic Inflation
Doubles monthly & lifetime benefit every 25 years
• 5% Compound Automatic Inflation
Doubles monthly & lifetime benefit every 16 years
Inflation Options
ABC Company LTC Program
18. $2,000/$50,000 $3,000/$100,000 $4,000/$150,000
30
40
50
60
Premiums for employee and spouse can be paid through payroll deduction
Rates are per person for a married individual and spouse receiving coverage
Sample Monthly Premiums
ABC Company LTC Program
19. • Having long-term care insurance can mean
a comfortable and secure life and retirement
• Not having long-term care insurance can mean a life
caring for someone else’s needs, day in and day out
Please take advantage of this 1 time
opportunity to purchase
Enrollment Ends 06/31/2012
ABC Company LTC Program
20. For more information or to schedule a
personal consultation, visit:
www.myltcbenefits.com/demo
Questions?
info@myltcbenefits.com
Enrollment Ends 06/31/2012
ABC Company LTC Program
