Long term care
is the type of care that a person receives when they can no longer care for
themselves. It includes a wide range of mostly non-medical services that are
designed to help people maintain the maximum level of independence. Care can
be custodial, intermediate or skilled in nature and can be provided in the
home, community or institutional setting. Long term care can be provided in a
formal or informal manner. Formal long term care refers to services that are
paid for while family or friends provide informal care.
The three generic types of
coverage are typically called nursing facility, home care and comprehensive,
which includes both nursing and home care coverage.
Medicare
does NOT pay for Long Term Care (Page 65). Medi-cal (MediCaid) Welfare,
might pay, however if you have $$$ or Property, they might put a
lien on your home.
Consumer Brochures
Consumer Guide to
Long Term Care Insurance Marketplace Standards
Association
Average Cost for a private room in a nursing home in Los Angeles is
$175/day. Average hourly home heath care is
$15.
2010 Updates
Taking Care of Tomorrow - A Consumer's Guide to Long Term Care - (60
Pages)
CA Health Advocates -
Overview
FAQ's
Genworth Brochure 85196 1/1/06
Calif Health Care Foundation -
LTC
Facts & Figures
              
We also have plans if you have Medicare and you are under 65
Advantages to buy NOW
Mr. S. is better off buying a policy now for several reasons:
(1) He probably is a preferred risk at this time, he may not be at age 65.
(2) A lifetime premium today will be about $2,900 for a 5 year benefit period vs $8,000 at age 65. It will probably be even higher as the daily cost will be around $300 compared to $200 today, so his premium will be closer to $10,000.
He can purchase a limited pay plan (paid up in 10 years) today for the same premium is will cost him at age 65.
The advantage of a limited pay plan is that he will have no premium outlay when he retires.
Please advise some idea of the benefits of Mr. S. getting coverage now, vs waiting till say age 65 to get it.
xx/xx/1962
non smoker
excellent health Links
LTC
Consultant's
LTC Glossary
Genworth Glossary California Department
on Aging
cal medicare.org/
Tax Deduction for Long Term Care
IRS
Publication 502
Prevent & Report Elder Abuse CA Attorney General
California Partnership Website
California Partnership3 Page ExplanationCHAPTER 2.6. LONG-TERM CARE INSURANCE
Article 1. Definitions ................................... 10231-10231.8
Article 3. General Provisions ............................ 10232-10233.9
Article 3. Administration and Enforcement ................ 10234-10234.7
Article 3.7. Consumer Protection ...................... 10234.8-10234.97
Article 4. Implementation ................................ 10235-10236.8
Article 5. Inflation Escalator and Benefit Increases ..... 10237-10237.6
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