Care Facility Or Home Health Care Expenses
According to the U.S. Department of Health and Human Services, about 70% of Americans who reach age 65 will need long-term care at some point in their lives. More than 40% will need care in a nursing home.1 If you need round-the-clock care in an assisted living facility or nursing home, the expenses can be over $200 a day.2 To help protect your assets, your best option is an insurance plan that will bear the expenses of providing the care you need.
American Republic Insurance Services represents two different products, each with varying levels of coverage to fit your needs and budget.
Short-Term Convalescent Care
Short-term convalescent care plans pay for care in a nursing home, an assisted living facility, or in the comfort of your own home for a period of less than one year.
Long-term care plans pay for periods of one year or more in a nursing home, an assisted living facility or in the comfort of your own home.
Contact your local representative for additional information about ways to help protect your assets from care facility and/or home healthcare expenses.
1 Department of Health and Human Services/longtermcare.gov. 2011.