Long Term Health Care ... |
| By special arrangement, your association has endorsed a valuable program offering long term care insurance to members and their families. Please call toll free 1-866-CSBR-444, email us at csba@pacbell.net, or visit our web site at www.csbrweb.org to receive full information. |
| LONG TERM CARE: The Risk & Challenge for Today's Family Throughout the United States, there is growing concern about the high costs of long term health care, and the effect these costs may have on retirement security, quality of life and family budgets.
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For the Retired, or Soon to be Retired Person
- The costs of long term care may represent your greatest threat to financial
security, particularly during retirement years, and the risk of needing such
care may be much higher than you realize.
- Over 40% of the elderly are expected to enter a nursing facility at some time in their lifetime. Based on an average stay of 2.5 years, the cost could be from $100,000 to $250,000. Importantly these costs are increasing due to inflation. Medicare is directed towards hospital and physician expenses, and pays only a small percentage of these costs. Unless you qualify for the Federal State welfare program known as Medi-Cal, most long term care expenses must be paid by the patient from personal or family assets.
For the Working Age Person
- Automobile accidents and serious health care problems create the need for
long term care for people of all ages. Traditional medical insurance
normally does not cover such expenses.
- Many families today are involved with care giving, or the care of an older family member or friend. This is a situation which could affect virtually all of us at one point or another. Therefore it makes a big difference whether or not we can work productively when that time comes.
CONSIDER THE ADVANTAGES OF A LONG TERM CARE POLICY