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Why Long Term Care Insurance Is A Good Financial Investment?

by

Jenny Nielsen

Most people do not perceive the risks of not insuring themselves from uncertain sickness and disability that may afflict them at some point in their lives. Lengthy stay in nursing homes and other rehabilitative care poses dangers to a persons financial security, concretely if the costs of care become excruciatingly unaffordable.

According to the Department of Health and Human Services, people age 65 and older have 60 percent possibility of entering a nursing home. The risks fall greater on women than men. It is true then if you visit a nursing home facility you will observe that most residents are comprise of women. However, both men and women have no escape in long term care. As science and technology advances our lives, we also extend the financial burden that will be shouldered by our families.

Others believe that self-insuring is a wise move to save on long term care. In reality, self-insuring is merely a selfish act to waste your earnings and assets that should have been saved for your children and family.

There are four fatal flaws that people think about long term care:

A person wont catch any health problem until age 75 to make them eligible for long term care insurance

The cost of long term care insurance today is still the same in the next five years.

A person can save at least $2,000 a year and earn at least five percent of their annual savings

They will not live longer than expected

Those assumptions are skewed in reality. Long term care, in the first place, is always expensive and continues to be expensive in the next couple of years. This means that becoming uninsured throughout your golden years only put financial stress on your part and your family.

The national annual average cost for nursing home care is $72,000; the lowest in Louisiana with $43,000, and the highest in New York with $140,000. Over the next 25 years, this rate will increase faster than the inflation rate as the shortage in nursing home workers agitate the heightening demand for LTC services that could double in few years.

Another reason why long term care insurance is a wise financial is because of the unavailability of strong health care program that will wane the problem with LTC.

Medicare is hailed as the nations saving grace for long term care, but this is not the a wise decision to rely solely on the program. Medicare partially covers the 100 days in nursing care, provided that the person has received hospital care for certain period. In fact, Medicare only pays the 20 days, and the remaining 80 days require a so-called Medicare supplement.

Medicaid, the nations main financer of long term care, provides limited assistance because it pays massive percentage of long term care. It is not a wise move to depend on Medicaid since it gives priority to the poor and requires the applicants with greater income to spend down or transfer their assets in order to qualify for coverage. Through this, The government has been trying to cut the reserves for long term care and encourage people to handle their own care through long term care insurance partnership.

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long term care insurance partnership

? Visit http://www.completelongtermcare.com to read vast collection of articles and resources on

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Submitted by: Victor Camille Lebouthillier

At Alive for Wellness, our team specializes in helping people who are experiencing relationship issues or whose relationships arent exactly what they would like them to be. Whether they are having problems at work or at home or they are experiencing relationship issues with their family, friends or co-workers, we provide our clients with the specialized tools that will help them take care of their issues and improve their relationships.

The Alive for Wellness team, led by Vic LeBouthillier, knows that relationship problems, regardless of their origin, can interfere with all aspects of life. This is why they know that mastery of the relationship tools that they teach will give individuals the freedom to move on and live their lives fully.

Vic and the Alive for Wellness team hold a number of core beliefs that form the basis of their system of support. They firmly believe that all people, regardless of health and income status, deserve the support they need to experience physical, emotional, and social well-being. The team believes that everyone deserves to experience solid, stable relationships that are rewarding, healthy, and fulfilling. And not least, they are committed to the belief that mental-emotional health problems are surmountable. In other words, the issues can be overcome and resolved, and that you can be productive and happy once again.

The Alive team doesnt just offer directions, as if all a good relationship needs is a good recipe found in some cookbook., The Alive team walks the walk right next to you. They take you by the hand and guide you, each and every step of the way. They help you clear the path. And, they help you walk down the path. It takes effort. It takes consistency. It takes constancy. It takes hard work. But, you will reach the end and the Alive team will be there with you, walking beside you during the entire journey.

You might not be in need of our services right now. However, there is a good chance that there is someone in your family, at your business, or in your life who is. More than you may realize, there is someone who can benefit from our specialized professional services to help them regain control of their life and their relationships. They just may not be ready or even willing to seek out, on their own, the help they need. We can provide that service for them, and you can be the conduit to make that happen.

Whether you are suffering from a relationship fracture or you want to improve and strengthen your existing relationships, reach out and let us here at Alive help you to develop the necessary skills. Remember, just as good mental health needs healthy relationships, healthy relationships need good mental health. To learn more about how the Alive for Wellness program can help you or a loved one overcome a mental or emotional health or relationship struggle, please contact our clinical director, Mr. Vic Lebouthillier by phone at 250-862-1927 or by email; vic@strongmentalhealth.net. or visit www.aliveforwellness.com for more information.

About the Author: Vic is President of Health Factors where he leads a team of clinical researchers whose focus is keeping abreast of the latest findings in the field of advanced behavioral science, to increase treatment effectiveness. Vic is also Clinical Director at the Alive Wellness Centre, an in-patient program for people seeking mental health well-being. Health Factors has been internationally recognized and used in 23 countries by both private and government clinics, insurance companies, and university clinical training programs and has received the following awards and recognition: 1. The United Kingdom Medipex National Health mental health Innovation of the year Award.2. Placed on the SAMHSA National Registry of Evidence-based Practices.3. Received three Benjamin Franklin publishing awards.4. Approved US Military contractor and used on more than seven military bases.5.Selected partner with Mental Health Commission of Canada to promote workplace best practices.Visit here

viclebouthillier.com/blog

for more recent updates about mental health.

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byalex

If you have a pool, you might enjoy many aspects of the convenience. Swimming whenever you want at the privacy of your own home can be very nice, but owning a pool comes with a lot of added responsibilities as well. You might find that you spend more of your time cleaning and maintaining your pool than you do actually enjoying it. If you would like to go back to simply enjoying your time off instead of cleaning all of the time, you might want to consider a pool service in your area.

Pool service companies are paid to do regular maintenance on your pool. These are things you likely can easily do yourself, but it can be so time consuming that you have a hard time finding space in your life for much else. Not only will the pool service take care of the time consuming tasks, but, as professionals, they will likely do it with more efficiency.

Here are a few things you will want to know about pool services in your area before you begin looking for a pool service company to hire. First, what types of services do they provide? The pool service company you hire could do a number of different things. Many of them specialize in pools in general and they can do everything from regular cleaning and maintenance to closing your pool up for the winter or opening it for the summer. They will always make sure you have the right chemical levels in your pool and they will keep your filtration systems clean as well. If you have specific needs or wants for your pool, make sure you ask the pool service companies when you call around so that you know what they do and do not cover.

When you have a pool, you have a large investment in your yard. Having to constantly make repairs because things break down on your pool can make it even more expensive. A pool service can help prevent those types of prepares by accentuating regular maintenance. Having a pool is just like having anything else. If you take care of it, it will serve you better. You wouldn’t dream of driving your car endlessly with no oil changes. The same is true for your pool. And hiring a pool service can help you take care of those maintenance issues with little to no time on your part.

In order to keep your investment clean and clear and your pool enjoyable for you, your family, and your guests, hiring a pool service to help you with regular maintenance and other issues is a great idea. Call a few different companies for quotes and you will find the one that best fits your budget and your overall needs.

Pool Service Phoenix Arizona– H2O cleaning service is a website for a family owned company in Phoenix that offers swimming pool services and repair for homeowners and businesses throughout the area.