Do you have Long Term Care?

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Long-term care insurance usually takes effect when you cannot perform at least two activities of daily living such as bathing, eating, or dressing. The cost of this insurance rises as you grow older, but if you don’t have it and can afford it, you should consider it. The cost of a home health care aide, an assisted living facility or a nursing home can quickly deplete your life’s savings. Medicaid, a government program, only kicks in once your assets are significantly depleted, and you may not get exactly the care you’re hoping for. To find out more about long-term care insurance and if you need coverage, use our Interactive Planner.

If you develop a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services.

And they aren’t cheap. 

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The median cost for a home-health aide for an eight-hour day is more than $44,000 a year, while nursing care in a facility with a private room has a median cost of almost $84,000 a year One, As life expectancies increase, so does the duration of long-term care needs, and the financial burden may end up falling on your loved ones after you’ve run through your own life savings.

If you would like to hear more about how we can help you please reach out to us at, or call at 212-697-2000.

Cara Lovenson is president of Plan Professionals, Inc., a licensed insurance consultant located in New York City. She can be reached at 212-697-2000, or by e-mail at Her Web site is

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