long term care virginia
long term care virginia
Long term care insurance can be a practical and affordable way to pay the costs of long term care services. It can also help you:
. Maintain control over how you spend your savings
. Have a choice in who provides your care and where
. Afford higher quality care for a longer period of time
With the right long term care insurance in place, you can take comfort in knowing
that you have taken the next step toward a more secure and independent future.
PREPARING FOR LONG TERM CARE IS YOUR RESPONSIBILITY.
Long term care insurance can play a critical role,providing a variety of important benefits:
. Insurance is primarily designed to cover the costs associated with long term care
while helping protect your retirement income for the purpose you intended.
. It enables you to participate in the choice of where you receive care, including at home where most people prefer to stay, at an adult day care center or in a nursing home.
.The cost of coverage is based in part on your age and health when you apply. So, the younger and healthier you are, the lower your premiums may be.
Long term care insurance doesn’t replace what families do, but it does help them provide care
for their loved ones better and longer.
CHECK THE FACTS
LONG TERM CARE INSURANCE
Underwritten by
Genworth Life Insurance Company
Check the facts, then check into
long term care insurance.
Genworth Life Insurance Company offers comprehensive, flexible long term care insurance
policies that provide superior protection.Our Long Term Care Insurance Division helped
pioneer the development of long term care insurance more than 30 years ago and we’ve been an industry leader ever since.(1)
Over the years we’ve helped over one million policyholders (2) protect their assets and their future financial independence. We can help you, too.
1 Life Plans 2008 Long Term Care Individual and Group Association Top
Writers Survey Results. Based on number of individual policies sold and
individual annualized premium in force.
2 Over one million policyholders as of 12/31/08, beginning 12/74.
This solicitation of insurance is for policy series 7042, 7042 Rev,
7044, 7044 Rev, 7048, 7050 (7042FL Rev & 7044FL Rev in Florida,
7042ID Rev, 7044ID Rev & 7048ID in Idaho, 7042NC Rev & 7044NC
Rev in North Carolina, 7042OK Rev, 7044OKRev & 7048OK in
Oklahoma, 7042TX Rev & 7044TX Rev in Texas, 7042WA, 7044WA
and 7048WA in Washington). Not all policies are available in all
states. Complete details of the benefits, cost, limitations, and
exclusions, of these valuable long term care insurance policies
will be provided to you by the company. Copies of articles and
survey results are available from the company or one of our
insurance agents.
Alzheimers Association and Genworth Financial, Inc. have entered
into a strategic relationship that permits Genworth use of the
Associations trademarks and/or logos. The use of the Alzheimers
Association logo does not constitute an endorsement of the company’s products and services
Financial and the Genworth logo are registered service marks of Genworth Financial, Inc.
81900 07/03/09
IT WON’T HAPPEN TO ME, BUT IF IT DOES,I CAN AFFORD IT.
We believe we’ll live a long life. That’s why we prepare for retirement. Too often, however,retirement savings are used to pay for long term care.
If you do need long term care services, it is prudent to have a strategy in place to help pay for them;otherwise, your retirement savings may be at risk.
Nationally, across all home care provider types,the average median hourly rate for home health aides is .36.
Genworth 2009 Cost of Care Survey,
conducted by CareScout, April 2009.
Nationally, the average median annual cost for a private room in a nursing home is ,208. The
five-year annual increase in cost of private room has increased more than 4%.
Genworth 2009 Cost of Care Survey,
conducted by CareScout, April 2009.
I CAN COUNT ON MEDICARE OR MEDICAID TO PAY FOR MY CARE.
Most Americans, age 65 and older, are eligible for Medicare, but benefits for long term care services
are generally limited. Medicare wasn’t designed to adequately pay for home care, adult day care or assisted living care. It does pay for a portion of nursing home care, up to 100 days per benefit
period, but only for skilled or rehabilitative services. Medicaid will pay for custodial care in
a skilled nursing home, but those rules are governed by each state. And, the Deficit
Reduction Act of 2005 made qualifying for Medicaid even more difficult.
Most states
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