Frequently Asked Questions????
1. What is Long-Term Care?
2. Is long-term care only provided in a nursing home setting?
3. Who provides the care if I become ill?
4. Won't the government pay my bills for long term care?
5. Doesn't my medical insurance or Medicare pay LTC expenses?
6. Since I am a verteran, If I need care, won't the government pay for care?
7. Why do people purchase long-term care insurance?
8. Do I really need long-term care insurance?
9. What does Medicaid pay for?
10. Do long-term care illnesses only affect Seniors?
11. Should I consider paying my parents premium for long term care?
12. Can't I just put my money into savings instead of paying insurance premiums?
13. What are the advantages of long term care insurance plan?
14. What is the average cost per day for nursing home care?
15. What is the average cost of long-term care services provided in my home?
16. Why can't I just have my spouse take care of me?
17. What is the OBRA 1993 act?
18. If I purchase an annuity or IRA, do I need LTC insurance?
19. What is the difference between a tax qualified and a non-tax qualified plan?
20. Can I deduct long term care expenses from my income tax?
21. Why should I buy long-term care insurance?
What does all the terminology mean? (A glossary of LTC terms)
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FAQ1100