Living Longer

It's a known fact that Americans are living longer. However, staying healthy during retirement may depend entirely upon how well you've planned for your retirement health insurance coverage.

Presently, there's more pressure than ever to make sure we are sufficiently prepared for the inevitable rising health costs and long term medical care.

Today, you may have all your insurance needs provided for through your company sponsored insurance programs. However, when you start thinking of retiring, it will be time to reevaluate your health care options.

There are a number of trends affecting long term care insurance:

• Forty-three percent (43%) of Americans over the age 65 as of 1990 will enter a nursing home at some time during their life. (The New England Journal of Medicine, February 28, 1991)
• The average length of stay in an independent care facility is about five-years, an assisted living facility is roughly two years and an average stay in a nursing home could be 2.5 years. Therefore, an average stay in a long-term care facility could be approximately, 9.5 years.
• Medicare pays only about two percent (2%) of all nursing home costs nationwide. (U.S. Department of Health and Human Services)

As you get older, long-term care insurance protection may become a major concern of yours. Entering a nursing home or some other type of home care service can quickly deplete your nest egg. Long-term care insurance can assist you in making sure you retain your independence and protect your family from expropriate expenses and provide financial peace of mind.

When you start thinking of retirement, be sure to contact your local independent insurance agent who can provide you with objective information covering a full-range of possible choices. 

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