Allgemeines zu uns » Preparing for Long Term Care Costs

As the November elections draw closer Cheap Womens Jerseys , citizens of America are hoping that the next leaders of the country will be those who advocate affordable healthcare because they dread current long term care costs which are expected to soar in the coming years.


According to a study which was conducted by Prudential, one of the major long term care insurance (LTCI) carriers, Americans 65 years old and older will double to 71 million in 2030 and 20 percent of this number will enter a nursing home at some point in their lives.


Unfortunately, a survey which the company conducted in 2010 revealed that 40 percent of adults believe that LTCI should be purchased when one has already past the age of 60. This is contrary to the advice of LTCI professionals that one should buy a policy while he is young and healthy. There are many 60-year-olds with preexisting conditions that is why majority of them were either declined by the insurance company or Cheap Mens Jerseys , if approved, they were required to pay a higher annual premium.


Without an LTCI policy it would be impossible for baby boomers to afford the cost of care in 2030 as it is foreboded to quadruple. At present it may be only Massachusetts, Hawaii, Alaska Cheap Jerseys Online , New York, and Vermont that have six-figure annual rates for nursing homes, but come 2030 you won’t find a single U.S state that would offer nursing home care for an annual rate below $100,000.


Even the states in Southern U.S. that currently offer lower nursing home rates will join the bandwagon as the demand for LTC will increase at a great rate in the succeeding years.


Preparing for Long Term Care Costs


According to LTC experts and financial advisers Cheap Jerseys Wholesale , the cost of care is not going down anytime soon. What’s going to happen is the exact opposite so everybody should be armed with a plan that will help them make it through the country’s high cost of care.
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