Long-term care insurance is an insurance policy that you purchase to help you pay for the high cost of care in the future. The policy provides coverage if you need assistance with two basic self-care tasks like toileting, feeding, grooming, bathing, walking, etc. While you may believe that it is unlikely that you would ever need that type of assistance, the odds are very high that you will require help with these basic tasks. The U.S. Department of Health and Human Services expects 70% of people turning 65 years old now will require long-term care during their lives.
Many long-term care insurance policies cover the cost of care in your home, assisted living care, or nursing home care. While this level of care varies greatly depending on the quality and level of care that you require, you can expect to pay thousands of dollars a month. In Georgia in 2010, in home care cost $38,897 per year for 44 hours per week of care, an assisted living facility cost $30,000 per year, and a nursing home cost $63,875 per year. (CareScout 2010 Cost of Care Survey)
At these rates, you can see where it would be beneficial to have long-term care insurance to pay for your care.
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!