NOW:53022:USA01012
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01012
28°
H 30° L 19°
Cloudy | 0MPH

November is Long Term Care Awareness Month

Oct. 31, 2013

CONTACT: Jay Van Beusekom, RHU LUTCF
414-359-1756


November 1, 2013

FOR IMMEDIATE RELEASE:

Long Term Care Awareness Month:
Don’t Underestimate Your Need for Coverage
Long-term care is something Americans of all ages should be giving thought to, but most people are uninformed of long-term care issues and how long-term care insurance can help.
November will mark Long-Term Care Awareness Month and Mutual of Omaha Financial Advisor, Jay Van Beusekom is proud to be supporting this industry-wide effort.

Long-term care refers to a wide range of medical and non-medical services – including custodial help with daily activities, nursing care and skilled nursing services – for people who are physically or mentally unable to care for themselves. Home health care, adult day care, respite care, assisted living and nursing home care all fall into the category of long-term care.

Long-Term Care Insurance Critical for Any Age
A long-term care insurance policy can help cover the expenses incurred for long-term care. Many people mistakenly assume that long-term care insurance is only for the elderly, but a third of all individual long-term care policies are purchased by people younger than 65. The coverage is critical for a person of any age. Plus, it can be more economical to purchase such coverage when younger.

“Anything can happen to anyone at any time resulting in the need for some sort of care,” said Van Beusekom, “It is not uncommon to find a person in their 30s in a nursing home because of a debilitating accident.”

Other types of insurance or government programs don’t provide the amount of coverage available in a long-term care policy.

•Health insurance policies typically do not cover long-term care costs such as nursing homes or assisted living facilities. Also, most policies don’t pay for adaptive equipment, special transportation needs or home modifications.

•Many Americans assume that Medicare will cover these costs. However, coverage is limited and may still require large out-of-pocket expenses. Also, Medicare pays for skilled nursing facility care only after a discharge from a three-day hospitalization. It does not pay for custodial or intermediate care, and the majority of care provided in nursing homes is custodial, which includes assistance with dressing, eating and moving around.

•After an individual has exhausted all of their assets, they may qualify for coverage under Medicaid. However, with Medicaid, an individual and their family members lose choice over the care received.

“A long-term care insurance policy can save you from having to deplete your assets to provide for care,” said Van Beusekom. “In some sense it’s lifestyle preservation to ensure you have a choice in your care. At the same time, it’s asset preservation – allowing you to pass something to your heirs.”

“Take the time today, during Long-Term Care Awareness Month, to talk to your insurance professional and get help in finding the right coverage to fit your needs and budget,” Van Beusekom said.

Mutual of Omaha is a full-service, multi-line organization providing insurance and financial services products for individuals, businesses and groups throughout the United States.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Westbound I-94 near Miller Park to close for 31 hours beginning Friday night 12/18

» Central wrestlers take control of GMC race with 29-27 win over Falls 12/17

» Cambridge Major Laboratories plans $20 million expansion 12/16

» GHS Alumni founds prominent student organization at UW-Madison 12/12

» Wisconsin's first Pirtek USA location to open in Menomonee Falls 12/11

» Newman will not seek third term as Menomonee Falls Village Board president 12/11

» Menomonee Falls boys get defensive in beating Franklin, 48-30 12/9

» Momentum Early Learning seeks to open facility in Germantown 12/9

» Menomonee Falls School District's lobbying efforts likely to conclude in January 12/9

» Community Memorial Hospital seeks approval for major improvements 12/8

» Pilgrim Road reconstruction begins, to be completed next year 12/5

» New Menomonee Falls Toppers location aims to impress 12/5

» United Way agencies in Milwaukee, Waukesha announce merger Updated:  12/4

» Redevelopment proposal met with contention from Menomonee Falls residents, commission 12/4

» Plans for Menomonee Falls Costco under review 12/3

» State champion Germantown boys open with win over Kettle Moraine 12/2

» UPDATE: Man pronounced dead in Highway 41/45 accident near Holy Hill Road identified 12/2

» Police identify man killed in crash that closed Highway 41/45 12/2

» Germantown Fire Department referendum will not appear on April 2015 ballot 12/1

» TJ Hale drops plans to build headquarters in Germantown, will consolidate in Menomonee Falls instead 12/1

» Germantown crash closes Highway 41/45 in both directions at Holy Hill Road 12/1

» Sheboygan South spoils Menomonee Falls boys opener, 47-38 11/25

» Firm drops Germantown plan; work on village-financed business park continues Updated:  11/21

» Fast start propels Catholic Memorial past Menomonee Falls in girls basketball opener 11/20

» Trustee Lemmer explains Kwik Trip vote 11/19

View All Posts Got a tip? Welcome rss

Advertisement

Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Advertisement

Local Business Directory

CONNECT