Many Americans worry about what happens when nursing home or other long-term care becomes a necessity. Most people do not have nearly enough savings to cover the high expenses of a room in a nursing home or even the kind of in-home assistance many elderly end up needing. 
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Although similar to traditional healthcare plans, long term care insurance has some major differences. Designed to cover long-term personal and custodial care in various settings, this coverage applies whether in-home, a community facility or other approved locations, such as a private assisted-living complex.Cost of this coverage includes the following factors.

• Your age when you buy the policy;
  
• The amount the plan pays per day;
• The maximum number of days or years that your plan pays; and/or
• The options you select, such as inflation protection.

Basic Components of Long Term Care Insurance

Basic components of this insurance mirror the noted factors.

• The daily benefit amount includes the maximum amount the policy will pay for your care per day, which can be vastly different from state-to-state.
• The benefit period is the length of time the plan will pay benefits.
• The elimination period is the waiting period before receiving benefits, commonly between 30 and 365 days.
• Inflation protection is usually an option, but an important component, as it allows your coverage to long term care price increases.

To get more valuable information, particularly if you live in or around Sonoma County, CA, contact Sackett & Associates Insurance Services. We’ve been helping our clients get affordable protection for over 30 years. We can help you, too. If you’re interested in comparing benefits and prices for long term care insurance, Sackett & Associates Insurance Services is your trusted source. Call us today!

Long term care insurance (LTC) provides valuable financial support when you need it most. If you fall sick or have a major accident or need help taking care of yourself during your elderly years, this coverage provides financial assistance to cover the cost of your care. With LTC insurance, you can face your future with greater peace and security.

LTC coverage helps cover the cost of assisted living for such personal activities as bathing, dressing, eating and getting about. It can also help pay for home health services, housework, meal prep and cleanup, shopping, laundry, pet care and more.

Almost 70% of elderly people age 65 or older are expected to need some form of long term care in their lives. As you grow older and your health deteriorates, it’s not uncommon to need extra help with your care. Obtaining long term care coverage is an investment into your physical care for the future.

Learn more about long term care insurance and costs in Sonoma County, CA, by contacting Sackett & Associates Insurance Services.

Face it, we’re all getting older.
The facts are astounding in terms of those of us who are expected to need long term care in the future.

According to a report that was part of an article on the Morningstar website the statistics that were gathered from Insurers and insurance associations point to the following stats about those Americans that would need long term care in the future:

• 37 million Americans age 65 or older in 2005
• 81 million Americans age 65 or older in 2050
• 9 million Americans age 65 or older in 2012
• 12 million Americans age 65 or older expected to need long-term care in 2020

That last statistic is a really telling number, and it should make you stand up and take notice of where this generation is headed in terms of long term care and the importance of preparing for your future.

Talking with a company like Sackett & Associates Insurance Services is the first step that an individual or a couple should take in planning for their future healthcare needs.

The stark reality is that in this economy, you really can’t depend on your family to take you in and attend to your long term care needs because in many cases they really do not have the time or the capability to take care of an older family member properly.

Now is the time to plan for your own long term care needs and it all starts with a simple phone call to Sackett & Associates, an insurer that’s been in business for over thirty years and are ready to assist you in planning your future.