Federal Long Term Care Insurance Program

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Federal Long Term CareInsurance Program

• 1-800-582-3337
• WWW.ltcfeds.com

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What is Long Term Care

• Care you may need if you can no longer perform
  everyday tasks by yourself.
• It also includes the kind of care if you had a
  severe cognitive impairment like Alzheimers
  disease.
• Types of care In your Home, Assisted Living or
  Nursing.

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Why Would I Ever Need LTC

• Statistics Show That
• 60 of people over age 65 will need at some point
  in there life.
• 40 of people between the ages of 18 and 64 will
  need Long Term Care at some point.

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What It is

• Help for you if you cant perform daily tasks as
  eating, bathing or dressing by your self.
• LTC can be cover completely or in part with LTC
  coverage. Most plans let you choose amount of
  coverage you want as well as where and how to use
  benefits.

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What It isnt

• Medical care for sickness or injury.
• Short term rehab or recuperation from surgery.
• Long term care is not always administered in a
  nursing home.  In fact, more than 80 of all
  people receiving long term care assistance are
  not in nursing homes.7

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What Does LTC Cost?

• Average cost of semi-private room in nursing home
  is 52k a year.
• Average cost for Home care is 20k or 18 an hour
  for 5 days a week. Cost has been going up at 5
  a year so by 2032 the cost for semi-private room
  will be 192k

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Cost in Louisiana 2004

• Home Care 17,875.00
• Asst Living 25,975.00
• Nursing Home 32,620.05
• Must complete application form and be approved.
• Payments start 1st month after approval and are
  for as long as you want the insurance.

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Cost in Louisiana

• At age 24 monthly cost 57.90
• At age 34 monthly cost 65.69
• At age 44 monthly cost 91.45
• At age 54 Monthly cost 133.91
• At age 64 Monthly cost 202.96

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Cost Beyond Your Means

• Cost will deplete your assets and fall on your
  family.
• Health Insurance usually doesnt cover the cost.
• Disability Insurance replaces lost income not LTC

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Cost Beyond Your Means

• Health Insurance may pay for a short period of
  time in lieu of hospitalization.
• Medicaid/Medicare protects those with minimal
  assets. So husband wife will have to spend
  down their assets to get coverage.

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Coverage Options
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Coverage Options
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Coverage Options