LTC tidbits

Reasons For Long Term Care Insurance

This a great video on Long-Term Care Insurance from Kiplinger.  It is about 22 minutes long but a great basic understanding of the coverage.  Call or email me after reviewing!  CLICK HERE

Did you know – Your HSA account can pay for your qualified LTC insurance premium. (IRS Pub. 502) 

Did you know – Approx. 10,000 people turn age 65 every day. 

Did you know – Owner/employees of C Corp. may deduct actual premium as business expense for owner/employee, spouse, dependents and employees! 

Did you know – On average 70% of the people who live to age 65 will require some long-term care services at some point. (U.S. Dept. of Health & Human Services 9/2009) 

Did you know – Over 50% of all people entering a care situation are penniless within one year. – Harvard University 

Did you know – By 2018, a private room will cost over $500/day ($188,000/year). – LTCIP Academy 

Did you know – Singles are at risk, because they’re usually not with someone who can properly care for them. The same is true for wives who tend to outlast their husbands by seven year average.; – JB Quinn 

Did you know – 56% of Adults in the United States are saying that they couldn’t pay their bills or meet their basic expenses if they became disabled. (NAIC National Consumer Survey, 2/28/2007)

If you are interested in additional information please email or call me and we can discuss!