Life Can Change Suddenly Have you done all you can to protect your family What is Long Term Care Long Term Care is the assistance that people need when they are unable to perform activities of daily living such as ID: 784861
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Slide1
AIMS MED FC 175 W
© Copyright 2011 AIMS, Inc.
Life Can Change Suddenly
Have you done all you can
to protect your family?
Slide2What is Long Term Care?
Long Term Care is the assistance that people need when they are unable to perform activities of daily living such as:
bathing, dressing, eating, toileting,
continence, and transferring
Long Term Care can also mean the supervision required due to a cognitive impairment
Slide3An accident
A medical condition
Normal aging
The need for Long Term Care
can result from:
Slide4The percentage of people over age 65 that will require
some Long Term Care services during their lives is 70%.
- US Department of Health and Human Services, National Clearinghouse
for Long Term Care information, www.longtermcare.gov 10/10/11
More than 40% of those receiving Long Term Careservices are under 65.
- Georgetown University Long-Term Care Financial Project, “Long-Term Care Financing Policy Options for the Future,” June 2007.
What are the chances of
needing Long Term Care?
Slide5Home Care Services - The national average hourly rate for
home health aides is $21. The average hourly rate for
homemakers/companions is $19 an hour.
Assisted Living Communities - The monthly private room
base rate is $3,293 monthly or $39,516 annually in 2010.Nursing Homes - The average cost of a semi-private room
is $205 daily or $74,825 annually.
- Market survey of Long-term Care Costs. The 2010 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care costs, MetLife Mature Market Institute, October 2010, Page 4
How much does
Long Term Care cost?
Slide6Where do you envision receiving care?
- At home from a family member or friend
- At an assisted living facility
- At a nursing home
What’s your plan?
Slide7How will you pay for care?
Health Insurance
Medicare
Medicaid
Long Term Care Insurance
Personal Assets
Slide8Who pays for Long Term Care?
A Shopper’s Guide to Long Term Care insurance, NAIC, 2010
Home Care
Adult Day Care
Assisted Living
Nursing Home
Long Term Care Insurance
Yes, Homemaker & Health Aide Services
Yes
Yes
Yes
Health Insurance
No
No
No
No
Medicare
Very limited coverage for homebound patients getting
skilled nursing care. Homemaker care
is not covered.
No
No
May provide some coverage in certain situations. Skilled care only. No more than 100 days, co-pay
after 20
Medicaid
Very limited coverage for low income people, subject to spend
down rules.
Very limited coverage for low income people, subject to spend
down rules.
No
Very limited coverage for low income people, subject to spend
down rules.
Slide9Will your assets support your care and your family’s needs?
Your plan is
to use your assets.
If you haven’t made a plan…
Slide10Transfer the risk
Give you and your family peace of mind
Give you the freedom to make the decision
on where and how you receive care
FlexCare Long Term Care
insurance can…
Slide11FlexCare Long Term Care Insurance
FlexCare is the next generation
of ground-breaking innovation
in Long Term Care insurance
Slide12Reimbursement plans
Cash enriched plans
As low as 1
or 2 year
plans
FlexCare can be designed to
fit your needs and your budget
Slide13For the greatest flexibility, you can even receive your
home health care and assisted living benefits in CASH
by selecting the FlexCash rider.
- Use cash to pay a family member or friend to provide care - No need to keep up with bills and wait for reimbursement
Slide14Receive benefits ANYWHERE
in the world!
No restrictions on benefit length
or location.
100% Worldwide
Coverage
Slide1510% premium discount
25% married discount
- Even if your spouse does not apply
Simplified Underwriting
You can share the savings with members of
your family (even if you don’t take coverage)
- Including parents, adult children, siblings, aunts, and uncles
Advantages for Members of an
Employer Sponsored Group
Slide16Choose your daily benefit and number
of years of coverage
Choose any optional benefits that fit
your specific needs
Choose an inflation option to keep yourbenefits growing
[Agent Name] will help you through
the enrollment process
Slide17[contact
info]
Review the informational material
Call [Name] to schedule a personal consultation
How to Apply for Coverage