Whitworth Horn and Goetten Insurance Agency

connect with us

Find us on Facebook Twitter Yelp

2 locations to serve

JERSEYVILLE, IL Jerseyville Illinois Driving Directions

100 N. State St. | Jerseyville, IL. 62052
Phone: 618-498-5508
Fax: 618-639-5799
Hours: 8am to 5pm Monday thru Friday

Carrollton, IL Jerseyville Illinois Driving Directions

526 N. Main | Carrollton, IL. 62016
Phone: 217-942-9444
Fax: 217-942-9352
Hours: 8:30am to noon and 1:00pm to 4:30pm
Monday thru Friday

Call us Today 618-498-5508 or 217-942-9444
For All Your Insurance Needs
Jerseyville
Carrollton
group_new rotator-house rotator-crop rotator-doctor rotator-autos

Long Term Care Insurance

Can you afford the cost of care?

Whether you’d like to stay at home or prefer a facility outside your home, long term care insurance protects your finances from the costly burden of caring for a loved one.  Long term care can quickly deplete your savings as many people are living longer and the costs of medical care increase exponentially.

Usually health insurance, disability insurance and Medicare will not cover the costs of long term care.  Medicare only pays for long term care if you require skilled care or rehab services for a limited number of days.  Unlike Medicaid, Long Term Care Insurance will allow you to choose a facility or stay at home, because it is important to maintain options regarding how and where you receive care.

With a growing number of the population requiring long term care, it is important to be financially prepared.  There is also a growing number of baby boomers and mellenials that are being parents to their elderly parents.  Nearly 25% of grown children are helping their parents with care.  While caring for an aging loved one may be the highest calling in your life, it can also be a labor of love and one of the most expensive, depleting your savings and requiring time off from your job and time away from your family.

Long Term Care Insurance can cover a variety of needs including home care, nursing home care, skilled and rehabilitative services, and personal care such as bathing and dressing.  Most policies pay benefits when you need help with activities of daily living or when you have a cognitive impairment such as Alzheimer’s or dementia.

Although the costs vary, the 2014 Cost of Care Survey indicates that in Illinois the daily rate of a semi-private room in a nursing home is between $115 and $375 a day.  Annually, that’s between nearly $42,000 and $136,875!

Long Term Care Insurance premiums can be deducted under your federal income tax return if it meets certain qualifications.  Factors like how old you are when you buy the policy, number of years the policy will pay, amount of benefit per day, and optional benefits like home care determine the cost of a long term care policy.  Protect your family and your financial future by thinking ahead now!

Who will take care of you and how will you pay for it?  Long Term Care Insurance is the answer.  Call today or click the link below for an online quote.

For more information on Long Term Care Insurance you can visit the US Department of Health and Human Services at http://longtermcare.gov/costs-how-to-pay/what-is-long-term-care-insurance/