Long Term Care Insurance

Average costs for nursing home facilities can range anywhere from $30-$70 thousand a year. Don't count on Medicare or Medicare Supplemental Insurance to pick up the bill. If you can qualify, Medicaid may pay up to half of the cost. Choosing long term care insurance can help you pay for costs of a nursing facility or home care if the need arises. The guidelines below will help you determine if long term care is something to look into:

Who Should Consider Long Term Care Insurance?

1. You have a large amount of income or assets and feel you probably would not qualify for Medicaid.
2. You don't want to rely on assistance from the state or other sources such as relatives.
3. You can afford to pay the premiums. (Depending on your tax situation there may be tax benefits.)
4. You currently have health problems or have a family history of a long term illness. (Once you have a long term illness or disability you probably would not qualify to purchase a policy.)

If you feel you may fall into any of the categories above, it is important you find out more about where to purchase a policy. Your employer may offer long term care as a part of your benefits. If not, you can purchase an individual policy.

For more information about our Malpractice Insurance For Long Term Care Insurance policies and options and/or an application, please contact CM&F Group at 1-800-397-3008, extension 346 or email us at info@cmfgroup.com.