3 in 4 Americans Need More LTC Information

By: shevon miller


Based on the records of the U.S Department of Health and Human Services, 70% of Americans over the age of 65 will require long term care anytime between today and 2030. Unfortunately, only 10% of this population has secured a concrete long term care plan, it appears 3 in 4 need more information about long term care insurance and how it can spare them from the soaring cost of care.
Many working class Americans still bear the false notion that their health insurance will shoulder their long term care expenses should the need for this arise someday. They have not fully grasped the explanation that their health insurance policies will cover neither long term care for certain types of sickness such as Alzheimer’s, Parkinson’s, diabetes nor custodial care.

Medicare is not an option, too, because it will only cover your expenses in a nursing home for 100 days under the condition that prior to this you were confined in the hospital due to a medical catastrophe. If you’ll walk in and require assistance in activities of daily living, the program won’t shell out a single penny for you.
Sociologists claim that the Baby Boomer Generation is much stronger than the past generations and its members have a longer life expectancy, especially the women who are expected to make it to 90 years old or even beyond.

Living longer, however, makes one susceptible to serious health conditions and when he unexpectedly comes down to a debilitating sickness, he better be ready for the cost of care. Sadly, very few Americans can say outright that they have their long term care ironed out and this worries the government.

While the country continues to face long term care crisis, leading providers of long term care insurance (LTCI) displayed positivism as they united in the much celebrated 3 in 4 Need More campaign which kicked off recently in Times Square, NYC.

Conceptualized to raise awareness of the importance of having a concrete long term care plan and to educate people on how to achieve this, the campaign saw the participation of top LTC insurance providers MedAmerica, LifeSecure, LTC Financial Partners LLC, and Dr. Marion Somers, an eldercare specialist, among others.
They will travel the different regions and 50 states of the country to disseminate important long term care information, the pros and cons of not planning, and personal stories of people who are currently receiving long term care.

In an interview on the morning show, The Morning Blend, Dr. Marion Somers said many people at present neither know how much it would cost to stay in a nursing home nor do they understand that having an LTCI policy will cover a huge amount of expenses which they could possibly incur from a particular long term care service.
Contrary to the common belief that one’s age and the coverage of his LTCI policy will correspond to a fixed annual premium, Dr. Somers said the payment of your insurance policy is what you negotiate.
As the 3 in 4 Need More campaign gears up, industry leaders hope that they will succeed in changing the perspective of 77% of Americans between ages 30 and 65 on long term care.

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Are you considering long term care insurance? Support the 3 in 4 need more Kick Off campaign to raise awareness on the importance of LTC planning

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