Categories Long Term Care Insurance

What Can Long Term Care Insurance Do For You?

Long Term Care Insurance Statistics Gee Insurance Solutions Arlington TX Dallas TX 58% are concerned about paying for long-term care services but only 16% own long-term care insurance

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It’s not just what long-term care insurance can do for you, but what it can do for your loved ones.

Chances are most of us will need help at some point in our lives. In fact, those age 65 and older have a 70% chance of needing long-term care services at some point, according to the U.S. Department of Health and Human Services.

Where will that care come from?

Relying on family to care for you is an appealing option. You have their love and trust, and it’s comforting to know they would care for you and ensure your well-being.

At what cost?

But what many don’t consider is the difference between a companion and a caregiver. Having family to assist you is great, but studies show that relying on them day in and day out for your personal care takes a toll on their physical and emotional health.

Family members who work and provide caregiving services for a loved one are much more likely to suffer from maladies such as high blood pressure, reoccurring pain and depression than those who aren’t caregivers.1

Plus, many caregivers suffer long-term work and financial consequences from providing care. Nearly six in 10 caregivers report making work accommodations because of caregiving responsibilities.2

In addition, 62% report loss of income, and primary caregivers contribute $10,000 of their own money, on average, towards care and services, which could put their own financial goals such as college for their kids or retirement at risk.3

The solution

Long-term care insurance is a good solution to this problem. It pays for care when you need it and where you’d like to receive it. The majority of people—about 80%—who rely on care as they age get that care at home.4

Long-term care insurance can pay for a wide range of care, from help with housework to visits from a nurse to care in an assisted living or nursing facility, if needed.

Long-term care insurance gives you options and allows your loved ones to spend quality time—not caregiver time—with you.

Free Long Term Care Insurance Quotes

Getting free long term care insurance quotes has never been easier. Just contact us to get an information sheet that you can send back to us. Within a few days we will have results back to you showing you if you’re eligible for LTC insurance, and what the cost will be.

Our pre-screen keeps you from having to fill out long applications before knowing if you even want coverage.

At Gee Insurance Solutions our goal is to make your life easier, both now and in the future. Let us know how we can help, and take a look at a family that was held together thanks to Long Term Care Insurance.

1 Gallup-Healthways Well-Being Index, 2010
2 National Alliance for Caregiving and AARP, Caregiving in the U.S., 2015
3 Beyond Dollars 2015, Genworth
4 Congressional Budget Office, Rising Demand for Long-Term Services and Supports for Elderly People, June 2013

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