| 10. The government isn't going to pay for | | | | 6. Medicaid kicks in only after a person's assets |
| long-term care at home, in a nursing home, or in | | | | and dignity are gone. In many states the eligibility |
| an assisted living center. Medicare pays 100% of | | | | threshold for single people is $1,500 in assets. |
| long-term care for 20 days and all but $95.00 per | | | | After all Medicaid is WELFARE. |
| day for the next 80 days--after that nothing. | | | | 5. Children would like to help, but children often |
| However Medicare only pays for skilled care and | | | | have children of their own. They certainly can't |
| most long term care is not skilled care. | | | | quit their jobs to care for their parents. |
| 9. The national average cost for nursing homes is | | | | 4. Health rarely improves with age. |
| approximately $105.00 per day. Assisted living | | | | 3. People can't buy long-term care coverage at |
| ranges anywhere from $50 - $90 per day. If you | | | | crisis time or when they are ready to use it. |
| live on the Eastern Seaboard you can easily spend | | | | 2. American's have access to the best health care |
| $50,000 to $80,000 for a year's stay in a nursing | | | | in the world, if they can pay for it. |
| home. These costs are perfectly capable of | | | | 1. Most People want to choose where they go |
| wiping out a lifetime of savings-not to mention the | | | | instead of having to go where they are taken, |
| emotional effect long-term care has on a family. | | | | and if independence is important to them, they will |
| 8. A Harvard University study showed that 69% | | | | need to have either a big estate or adequate |
| of single people and 34% of married couples | | | | insurance. |
| would exhaust their assets after 13 weeks in a | | | | Information quoted directly from: |
| nursing home. 13 Weeks = 91 days!. | | | | * A Shopper's Guide to Long-Term Care |
| 7. At age 65, a woman has a one out of two | | | | Insurance , National Association of Insurance |
| chance of spending some time in a nursing home. | | | | Commissioners. |
| A man has a one out of three chance. In the | | | | * Long Term Care Companion Consumer Guide, |
| case of men, mortality catches up with morbidity. | | | | Transamerica Occidental Life. |
