818 Route 202-206, Bridgewater, NJ 08807
Toll Free: 1-800-392-0980, Fax: 1-908-722-2827, E-Mail: info@forefin.com
Long Term Care
Update: On Wednesday, August 21, 1996,
President Clinton signed "The Kaussebaum/Kennedy Health
Insurance Portability Bill". Long term care insurance
premium is now tax deductible.
A Sensible Approach to Protecting Tomorrow's Independence
According to the Bureau of the Census, Americans are living longer. In 1950, the average life span in the United States was 66 years for males and 71 for females. In 1990, the figures were 72 and 79 years, respectively. People 65 and over are America's fastest growing age group and the group is growing at an astonishing rate. Their numbers are expected to double in 35 years- from 31 million in 1994 to 62 million in 2029.
At an average annual cost of $36,500, a long-term stay in a nursing home can be financially devastating. You and your heirs may be forced to make some very difficult, and costly, decisions.
 | What are your options? |
| Spend your assets? |
| Rely on Medicare? |
| What will it cover? |
| Spend down until you qualify for Medicaid? |
The best alternative is to insure against such a loss with a long-term care insurance plan which covers a wide range of health care, personal care and community services for individuals who need long term care. A plan provides these services in a wide range of facilities including nursing homes, alternate care facilities, community based settings and policyholder's homes. Long term care policies help people maintain their independence when they are not able to fully care for themselves.
Access to the covered benefit is triggered by the inability to meet any two of the activities of daily living (ADLs): dressing, toileting, continence, eating or transferring (the standard definition to trigger benefits in most long-term care policies) or the need of continual supervision due to cognitive impairment.
Other Long Term Care Issues.
NY Times Article About Long-Term Care
You may be eligible for Long Term Care Insurance if you had a stroke, cancer, diabetes. For additional information on your insurance needs or information about our Financial Services, call 1-800-392-0980, complete the no obligation inquiry request form, or simply E-Mail us at: info@forefin.com.