How to be Successful with Long Term Care Planning

Unfortunately, many Americans lack the preparation or desire for long term care planning. They are worried about the effects of senility such as weaker bodies and aging-related illnesses. However, they do not plan to get long term care insurance. Americans cannot rely much on Medicare and Medicaid.  These two programs have limited coverage for long term care benefits.

Save Money through LTCI Quotes

You may have heard statements about long term care insurance quotes. If not, then you may have seen their links while reading websites that provide long term care information. In case you do not know, LTCI quotes are forms that you sign up to get a long term care insurance policy. Most LTCI quotes found in the Internet are offered by famous insurance companies like John Hancock and Genworth.

Leave behind the nursing home?

Guide to Long-Term Care blog

There is a new trend to move patients out of nursing homes and into home care, giving patients more options and lowering costs. Of course some patients will still need nursing homes, but it’s estimated that about one-third of people in nursing homes could be cared for at home.

According to the Census Bureau, the percentage of people 65 and older who live in nursing homes has steadily decreased over the last 20 years, from 5.1% in 1990 to 3.1% in 2010.

One reason for the change is the high cost of institutional care: the average annual cost per person for nursing home care is about $75,000 nationwide, while in-home care costs around $30,000 to $60,000 a year. But perhaps more important is the improved quality of life for people who can live at home. Studies have have long shown that older people prefer to stay in their homes as…

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