ADVISOR
FINANCIAL SERVICES
Colorado Financial Advisor
Colorado Long Term Care
Colorado Financial Advisor Colorado Long Term Care
|
|
|
Colorado Long Term Care Insurance
Long Term Care insurance helps to protect your assets and prevent you from becoming dependent on family and friends for your care, by paying the expensive costs
of your long term care (LTC) at home, in adult day care, in an assisted living facility or in a nursing home. Nursing home care now costs over $50,000 per year in most
locations.
Term life and universal life insurance products
are available which include long
term care benefits, so that you will receive the life insurance benefits even if you never use the long term care benefits!
Long
term care insurance policies typically require that you need assistance or supervision with 2 or more activities
of daily living (ADL's) or you have a cognitive impairment. ADL's include: eating bathing dressing transferring toileting continence
Click here for a FREE Shopper's Guide to Long Term Care.
Note: On February 8, 2006, President Bush signed the Deficit Reduction Act of 2005 (DRA) into law. The DRA includes a number of significant changes to
the Federal Medicaid eligibility rules, particularly regarding transferring your assets and look back periods. You should discuss the current Medicaid eligibility rules with your advisor when planning for long term care.
|
Use
of this website, our contact information or our services confirms your agreement and acceptance of our
|
