Georgia Group Long Term Care

Due to many advances in modern medicine and life-style changes, the number of people over the age of 65 is projected to double by the year 2050. Unfortunately, as people age, they are more likely to need treatment for chronic illnesses such as strokes or Alzheimer’s.

Statistics show that the average American over the age of 65 faces a 40% risk of entering a nursing home for Long Term Care services.

What is LTC Insurance?

Long Term Care includes a wide range of medical and assisted living services for people with a degenerative condition (e.g. Parkinson's, stroke, etc.), a prolonged illness (cancer) or cognitive disorder (Alzheimer's).

Who needs LTC Insurance?

Needing long-term health care is not rare. In fact, it is generally guaranteed as we get older. However, long term care is not just for seniors. While care is usually required as a result of the effects of aging, it is also for people who have been diagnosed with a chronic disease or for people who require care and treatment while recuperating from an accident or serious illness.

When should you buy Long Term Care Insurance?

The sooner the better! LTC insurance premiums go up in price as you get older. But once you buy a policy your premiums do not rise due to aging or health. While most Americans suspect that they might need long term care "sometime" in the future, many underestimate care costs and falsely assume that Medicare or their health insurance will pay for extended care. Many times they will not.

Lloyd Pro Group understands that preparing for long term care is a subject that makes many people feel uncomfortable. We strongly encourage our clients to get their family involved in the discussion as we help you decide which policy is best for you and your loved ones.

*References / Resources: The U.S. Administration on Aging and the Insurance Information Institute.