- About Long Term Care
- Long Term Care Insurance
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You may have insured your life, your health, and your car, but have you
considered insuring for Long Term Care? With the cost of home care and nursing
home services rising, long term care is becoming even a greater necessity. Even
people who have accumulated substantial retirement assets may not be prepared
for the impoverishing costs that come with long term care. It is a risk that
can topple the most carefully thought out retirement plans.
>> Learn More About Long Term Care Costs
We offer Long Term Insurance in Virginia. We have assisted
clients in understanding the many terms used to describe
the types of care included under Long Term Care plans.
We are able to assist families with arranging appropriate
long term care policies to meet your needs and budget
requirements. We continue adding companies to meet special
needs. Just as important is our commitment to continuing
service after the sale.
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New England Journal of Medicine: 43% of those who are over the
age of 65 will spend some time in a nursing home.
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Consumer Board: 60% of people over 75 years old, will spend
time in a nursing home.
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Federal Government's Agency for Health Care Policy and Research:
"7 out of 10 couples turning 65 this year will require the use of a nursing
home."
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The average nursing home stay is 2.6 years.5
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National annual cost of a semi-private room is $52,000.6
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By the year 2030, it is estimated that the cost will be $190,600 for a
semi-private room.6
In this Long Term Care section of our F. Jim Parks Agency website we have
provided advice and information concerning long term care, allowing you to get
up to speed on the issues surrounding it.
Reading through this resource is the first step to understanding long term care
and protecting your future.