Long Term Care problems Solved
Ask the expert, Dennis H. Lentin

Long Term Care Insurance, who needs it?

If you are over forty years of age, probably you. To determine who needs Long Term Care Insurance, let us first look at who does not need LTCI.

People who have a net worth of over one million dollars do not need LTCI, but they might want it, as they did not amass their wealth by spending their money, when they could have spent an insurance company’s money. If you know, positively, that they are not ever going to be sick, have an accident, be incapacitated in any way, or know that when your time comes, you will just put your head on a pillow and not wake up in the morning, you do not need LTCI.

By this past statement we have not eliminated anyone from needing Long Term Care Insurance, except the very wealthy and those who qualify for Medicaid. So, now we have to determine is Long Term Care Insurance appropriate for you and if so, what type?

There are three types of Long Term Care Insurance, Facility Care, Home Health Care, and Comprehensive Care.

What are the basic differences between these plans?

Facility Care is just what it says it is, care in an Assisted Living Facility and or a Nursing Home.

Home Health Care is care ONLY in the home, whether it is your home or the home of a relative. Be careful, some policies are very restrictive, limiting the type of care and who provides it.

Comprehensive Care is the best and most complete, covering you at home, in an Adult Day Care Facility, an Assisted Living Facility and a Nursing Home.

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Dennis H. Lentin
DL Financial Consultants
3852 Black Forest Circle,
Boynton Beach, Florida 33436