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Copyright © 2007 All Rights Reserved
Dedicated to Protecting and Preserving The Lives, Hopes And Dreams of Today's Baby Boomers.
Long Term Care - An Overview
No reasonable person disputes that they will do everything they can to live a
long life. When we do live a long life one thing is certain, we get old. Now
when we do get old, I am sure you would agree, the likelihood of less than
stellar health confronts most of us. That results in the high probability of
needing long-term care, defined as requiring assistance with your everyday
activities or needing supervision due to a cognitive impairment. The cost of
providing that care often leads to a severe strain on a family's finances
because of the lack of other options.
Medicare, the primary health care program for retirees, pays only for skilled
or rehabilitative care, not custodial care in any venue. Veterans believe that
the VA will pay for home care, adult day care, or assisted living. Funding is
limited and generally based on service-related disability. In fact, the federal
government has communicated this message to veterans by encouraging them
to purchase long-term care insurance through the new Federal Long-Term
Care Insurance program.
Medicaid, a federal and state program for financially needy individuals, will
pay for custodial care but primarily in nursing homes. Funding for home care
and assisted living is very limited and based on availability of funds. Now
please understand, Medicaid will pay for your custodial care in a skilled
nursing home. That's correct. But where do you want your care to be
delivered? Like most people it is at home and in the community, not in a
nursing home. In short, Medicaid pays for the one thing you never wanted;
care in a nursing home.
From a financial point of view, LTCI allows your retirement plan to stay
intact. That is particularly important given the recent steep decline in portfolio
values. The product, in effect, protects the balance of the investment account.
LTCI also protects income. Income needed by your spouse and/or family to
continue on with their lives as they have known it and isn't that exactly what
you had always intended?
When buying coverage, choosing a long-term care specialist is critical.
Consider their training, educational credentials, and commitment to help solve
your long-term care needs. The key is whether they talk about a plan or a
product first. If they are interested in the plan you are dealing with a
professional.
E. Shel Yetman, is a licensed Pennsylvania insurance professional and had
earned the designation "Certified in Long-Term Care" after completing a
rigorous multidisciplinary course focused on the profession of long-term care.
Mr. Yetman is a recognized expert in long-term care insurance and knowing
you understand your options, how coverage works and searching to provide
you with a policy that best meets your needs and budget is first and foremost
with him. Helping you to make an informed choice is his ultimate goal.
Mr. Yetman feels meeting with you personally to answer any additional
questions you may have is the best place to start, or if you prefer, he invites
you to look deeper into this web site and investigate for your own answers.
You may also request a Free copy of Mr. Yetman's upcoming book,
"Long Term Care Made Simple"
by simply filling out the Free LTC Book Request Form provided in our
monthly newsletter.
Please stay as long as you like, take with you what you need and be sure to
subscribe to the Yetman News for current updates on LTC as well as articles
on a variety of other interesting topics. Don't forget to request your free copy
of Mr. Yetman's soon to be released book. It's a must read!
long life. When we do live a long life one thing is certain, we get old. Now
when we do get old, I am sure you would agree, the likelihood of less than
stellar health confronts most of us. That results in the high probability of
needing long-term care, defined as requiring assistance with your everyday
activities or needing supervision due to a cognitive impairment. The cost of
providing that care often leads to a severe strain on a family's finances
because of the lack of other options.
Medicare, the primary health care program for retirees, pays only for skilled
or rehabilitative care, not custodial care in any venue. Veterans believe that
the VA will pay for home care, adult day care, or assisted living. Funding is
limited and generally based on service-related disability. In fact, the federal
government has communicated this message to veterans by encouraging them
to purchase long-term care insurance through the new Federal Long-Term
Care Insurance program.
Medicaid, a federal and state program for financially needy individuals, will
pay for custodial care but primarily in nursing homes. Funding for home care
and assisted living is very limited and based on availability of funds. Now
please understand, Medicaid will pay for your custodial care in a skilled
nursing home. That's correct. But where do you want your care to be
delivered? Like most people it is at home and in the community, not in a
nursing home. In short, Medicaid pays for the one thing you never wanted;
care in a nursing home.
From a financial point of view, LTCI allows your retirement plan to stay
intact. That is particularly important given the recent steep decline in portfolio
values. The product, in effect, protects the balance of the investment account.
LTCI also protects income. Income needed by your spouse and/or family to
continue on with their lives as they have known it and isn't that exactly what
you had always intended?
When buying coverage, choosing a long-term care specialist is critical.
Consider their training, educational credentials, and commitment to help solve
your long-term care needs. The key is whether they talk about a plan or a
product first. If they are interested in the plan you are dealing with a
professional.
E. Shel Yetman, is a licensed Pennsylvania insurance professional and had
earned the designation "Certified in Long-Term Care" after completing a
rigorous multidisciplinary course focused on the profession of long-term care.
Mr. Yetman is a recognized expert in long-term care insurance and knowing
you understand your options, how coverage works and searching to provide
you with a policy that best meets your needs and budget is first and foremost
with him. Helping you to make an informed choice is his ultimate goal.
Mr. Yetman feels meeting with you personally to answer any additional
questions you may have is the best place to start, or if you prefer, he invites
you to look deeper into this web site and investigate for your own answers.
You may also request a Free copy of Mr. Yetman's upcoming book,
"Long Term Care Made Simple"
by simply filling out the Free LTC Book Request Form provided in our
monthly newsletter.
Please stay as long as you like, take with you what you need and be sure to
subscribe to the Yetman News for current updates on LTC as well as articles
on a variety of other interesting topics. Don't forget to request your free copy
of Mr. Yetman's soon to be released book. It's a must read!
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| The Yetman Agency |
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