CashBridging allows you to reconstruct the make-up of a LTC insurance policy at an equivalent, or lower, premium cost and with a higher benefit output. Most important is the improvement in the cash benefit side of the equation. The construction process is simple; combine a stand-alone cash benefit policy with a reimbursement or indemnity policy.

Most carriers do not have care coordination limitations on long-term care insurance and a policyholder may have more than one policy. CashBridging puts more cash in the hands of the family, without restrictions on paying anyone, at a lower or equivalent premium than just a traditional long-term care insurance policy.

Having Cash for Care will reduce stress, and the amount of lost income, to the caregiver. This can be a great relief for everyone. We must remember, when we have a caregiving life event occur, to be one team with one goal… maintain peace and harmony throughout trying times for each family member.

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It is estimated that over 40% of all Americans will spend at least some amount of time in a nursing home or other type of skilled living facility.

The average annual cost for a long term care facility in the United States is a little bit over $40,000 (with some areas of the county averaging as high as $60,000 per year).

Medicare and Medicaid combined will pay less than 5% of all long term care costs. Generally speaking only those who are fairly wealthy or have family that can take care of them (and don’t mind inconveniencing them in this way) do not need long term care health insurance.

Technorati Tags: long term care, Long Term Care Insurance

My parents are nearly 68 and not in great health. They are both overweight (my mother is morbidly obese) and are under lots of stress. They had money, but lost lots in the bond market. They’ve bought and sold 7 homes in the 8 years they’ve retired and are obviously miserable and just keep moving for something to do.

Now they are leaving their family again (heartbreaking again) and I feel they are both at a high risk for needing care not too far down the road. My mom can’t walk due to arthritis, they both have high BP, borderline diabetic, my dad had TIA attacks (like mini strokes). I think they’re overall unhappiness is their biggest health risk. My mom also drinks. (no Rockwell painting here).

Could they get LT care insurance and how much would it be? These people have broken my heart a million times, are selfish, don’t do anything with their wonderful grandkids and are huge pains in the a ss, but I love them and worry about them. My gram died in a state home-very bad.

I would assume that they would not be eligible for Long Term Care insurance (not sure where tou are located though). Long term care insurance is there for when when you can no longer do the activities of daily living or mental deterioration. Strokes cause mental deterioration and arthritis limits movement, so I would assume that might be cause for a declie of coverage.

That being said every company underwrites insurance different and has slightly different coverage, so the best bet would be to contact a liscensed insurance agent where you live and run that scenario past them.

Technorati Tags: long term care, Long Term Care Insurance, Long Term Health Care Insurance