Health Insurance Plans for Seniors: Long Term Care
NC and No Long-Term Care Partnership
North Carolina is one of the few states in the country that does not currently provide its senior residents with a long-term care partnership program. Because of this, it is more important than ever for retirees in the Tar Heel State to carry a quality supplemental health insurance plan for seniors. Some may even want to consider purchasing long-term care insurance to help cover their assisted living costs later in life.
What is a Long-Term Care Partnership?
Most Americans believe that once they retire, Medicare will cover all or at least most of their medical costs. This is a myth. Medicare only covers so much and when it comes to long-term care services, like a stay in a nursing home or at-home nursing services, Medicare rarely covers any part of it. Because of the high costs of assisted living and long-term care services many seniors discover all too quickly how fast a savings account can be depleted.
Long-term care partnership programs are agreements made between Medicaid and private long-term insurance providers designed to help seniors get the long-term care they need without using all of their assets to pay for it. After the individual exhausts their allotted coverage amount, Medicaid will kick in to help cover the costs of their care rather than the individual being forced to pay for it themselves. Since North Carolina does not offer this program, seniors need to protect themselves by maintaining an insurance policy capable of meeting their future medical needs.
The Importance of Having Senior Insurance in NC
Studies tell us that approximately two-thirds of all Americans will eventually require some type of assisted living services after the age of 65 and that roughly 40% of these people will require the type of ongoing support that only a nursing home can provide. This type of specialized care is very expensive and costs can run into the thousands for just a one-month stay. To help minimize your costs, it is important to have a quality supplemental health insurance plan that can help you stay as healthy as possible for as long as possible.
The fact is, retirees are entering a period of their life where they no longer have the security of a weekly paycheck and employer-paid health benefits. Since their income is likely going to be reduced, seniors need to find a capable health care plan that fits within their budget so they don't have to worry about accumulating medical-related bills.
Finding Suitable Insurance for Seniors in NC
Although North Carolina does not currently offer the long-term care partnership program, there are still plenty of affordable health insurance plans for retirees to choose from, including long-term care insurance and health savings plans, that can help offset the costs of your medical needs now and in the future.
Schnitzer-Slate is a leading provider of insurance plans in North Carolina and we can help match you with the best health insurance plan for your lifestyle. To learn more about health insurance plans for seniors or any of our other products for retirees, just visit our website athttp://healthplannc.com/ or call us at 910-392-7020. We'll be more than happy to assist you in finding the perfect plan to suit your needs.
NC and No Long-Term Care Partnership
North Carolina is one of the few states in the country that does not currently provide its senior residents with a long-term care partnership program. Because of this, it is more important than ever for retirees in the Tar Heel State to carry a quality supplemental health insurance plan for seniors. Some may even want to consider purchasing long-term care insurance to help cover their assisted living costs later in life.
What is a Long-Term Care Partnership?
Most Americans believe that once they retire, Medicare will cover all or at least most of their medical costs. This is a myth. Medicare only covers so much and when it comes to long-term care services, like a stay in a nursing home or at-home nursing services, Medicare rarely covers any part of it. Because of the high costs of assisted living and long-term care services many seniors discover all too quickly how fast a savings account can be depleted.
Long-term care partnership programs are agreements made between Medicaid and private long-term insurance providers designed to help seniors get the long-term care they need without using all of their assets to pay for it. After the individual exhausts their allotted coverage amount, Medicaid will kick in to help cover the costs of their care rather than the individual being forced to pay for it themselves. Since North Carolina does not offer this program, seniors need to protect themselves by maintaining an insurance policy capable of meeting their future medical needs.
The Importance of Having Senior Insurance in NC
Studies tell us that approximately two-thirds of all Americans will eventually require some type of assisted living services after the age of 65 and that roughly 40% of these people will require the type of ongoing support that only a nursing home can provide. This type of specialized care is very expensive and costs can run into the thousands for just a one-month stay. To help minimize your costs, it is important to have a quality supplemental health insurance plan that can help you stay as healthy as possible for as long as possible.
The fact is, retirees are entering a period of their life where they no longer have the security of a weekly paycheck and employer-paid health benefits. Since their income is likely going to be reduced, seniors need to find a capable health care plan that fits within their budget so they don't have to worry about accumulating medical-related bills.
Finding Suitable Insurance for Seniors in NC
Although North Carolina does not currently offer the long-term care partnership program, there are still plenty of affordable health insurance plans for retirees to choose from, including long-term care insurance and health savings plans, that can help offset the costs of your medical needs now and in the future.
Schnitzer-Slate is a leading provider of insurance plans in North Carolina and we can help match you with the best health insurance plan for your lifestyle. To learn more about health insurance plans for seniors or any of our other products for retirees, just visit our website athttp://healthplannc.com/ or call us at 910-392-7020. We'll be more than happy to assist you in finding the perfect plan to suit your needs.