I believe many people have not considered looking into long-term care coverage because of the subliminal feeling that they would be giving up their freedom and independence if they needed this type of care. Who wants to go to a nursing home or an assisted living facility? The insurance industry understands these feelings and has focused on making the home care benefits “key” to the coverage.
The next question might be, who wants to pay for the cost of this care? Currently, in Georgia, the average monthly cost for a Home Health Aid is $3,813, for an Assisted Living Facility is $3,100 and, Semi Private Nursing Home Care is $6,342. (Genworth Monthly Cost – State Median 2018) Having a Long/Short Term Care Plan can offset much of these expenses!