LONG AND SHORT TERM CARE
Many people believe that Medicare will generally cover nursing home stays. Unfortunately, the fact is that there are many costs associated with nursing home stays that are not covered. This makes it important to review what coverage options are available, and which one might be right for you and your family.This becomes increasingly important as people continue to live longer. Recent statistics show that a private nursing home stay can cost more than $80,000. The government says the average length of stay is more than 800 days. The Wall Street Journal reported that of those who turn 65, more than 70% will eventually need Long-Term Care.
Long Term Care may not be an option for everyone, which is why I also have Short Term Care plans available. This is affordable protection against unanticipated events that can create serious financial damage. And it deserves much thought and discussion. Additionally, if possible, most people would prefer to stay in their home. Home Health Care coverage may be just the thing that can prevent a nursing home stay.