Private long-term care insurance remains relatively rare, but coverage rates are nearly twice as high among those with annual...Read more
ElderLawAnswers Visitors More Likely to Have Long-Term Care Insurance
- September 12th, 2008
ElderLawAnswers recently polled site visitors on whether they had long-term care insurance. According to the results, the percentage of visitors to the site with long-term care insurance is significantly higher than the national average.
Of the 270 visitors to the site who chose to answer the poll, 28 percent have long-term care insurance. While still not a large number, this is significantly higher than the national average. There are 8 million long-term care policies in force nationwide, according to the American Association for Long-Term Care Insurance Association. This means that approximately 3 percent of adults in the United States have long-term care insurance. (Assuming the 8 million policies were issued only to those 55 or older, that is still only 11 percent of that population.) The ElderLawAnswers poll also found that 70 percent of respondents do not have long-term care insurance and 3 percent do not have insurance, but their spouse does.
Long-term care insurance can be a good way to pay for a nursing home stay or a home health care worker, but it doesn't come cheap and some applicants may not qualify because of preexisting health conditions or age. For more information on long-term care insurance, click here
Local Elder Law Attorneys in Ashburn, VA
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Farr Law Firm
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...