Services and Solutions

With the better policies, the answer will be yes. It’s important to find a policy that lets you make choices, so you can customize your coverage. Here are some key options to explore:

  • Location of Long Term Care: in-home, in a nursing home, in an adult day center or an assisted living facility.
  • Type of Long Term Care: skilled nursing care, custodial care, home health aides.
  • Options of Long Term Care: amount of daily benefits and length of coverage.
  • Flexibility of Long Term Care: alternate ways of applying benefits (sometimes called, “alternate plan of care”).
  • Waiting Periods for Long Term Care: length of time before coverage begins once a need has been established with the insurance company.
  • Coverage of Long Term Care for Organic Illnesses: organic mental illness, such as Alzheimer’s, is not always covered.


You are taking an important step towards securing the financial future for you and your family. Your greatest financial risk today and in the foreseeable future is not your hospital or doctor bills, but the very high cost of long term care.

Care might be provided in an assisted living facility, an adult day care center or a hospice. Or it might be provided in a nursing home, an extended care facility, or in your own home. You may need long term care services if you have an illness or injury and you’re not able to perform one or more activities of daily living at home, or you have accident causing a nursing home stay, or you are stricken with Alzheimer’s Disease or senility.

When Medicare payment stops, patients are released from the hospital as quickly as possible. Most patients must then finish their recovery from illness or injury in some type of nursing home facility, or, when possible, arrange for nursing medical services in their own homes.

Just one year in a nursing home can cost $36,000 to $60,000. Currently, the average cost in a long term care facility in America is $41,000 per year. The average cost of a visit by a home health aide is $52. Daily visits would cost you almost $19,000 per year. Skilled nursing at home, to administer medication or oxygen, for example, five days per week for a year would cost you an average of $94 per visit, or $24,440 per year.

It’s no wonder that half of all elderly people living alone will spend themselves into poverty after only a thirteen-week stay. And Medicaid will only pay for home health care and nursing home care if you are already “poor” or literally impoverish yourself (and your spouse).