Long Term Care Insurance
Long term care costs continue to skyrocket in the United States. Currently, the national average for an assisted living facility is $47,000 per year, and over $88,000 for a private room in a nursing home. These costs are rising an average of 5% per year, which is nearly twice the rate of historic inflation.
A comprehensive financial plan will in many cases include some type of long term care insurance to help offset the costs of care.
Whether you're seeking a comprehensive plan designed to cover most of your future long term care costs, or a simpler policy to help cover some of the costs, I can help you sort through the options.
Some important aspects that determine pricing include the following:
- Inflation coverage
- Daily benefit coverage
- Total long term care coverage dollar amount
- Health history
- Years of coverage