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
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
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...