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Although people are generally living longer, many are requiring assistance
in their later years. Long term care services can be provided in your home, in an assisted living facility or in a nursing home. In many cases the family is no longer able to provide such care around the clock. Family |
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members may not live nearby, they may have other
pressing family commitments, or simply can't get the time off from work or away from the home. |
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According to recent data, 48.6% of people age 65 and
older may spend some time in a nursing home and 71.8% of people age 65 and older may use some form of home health care. |
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Some people can pay the bill out of pocket, others will
qualify for Medicaid (welfare), but most of us will fall somewhere in the middle. A Florida Long Term Care insurance policy can help protect your assets from the rising cost of care. |
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Long Term Care insurance is often referred to as
"asset protection." Individuals need to have assets worth protecting in order to justify the purchase of a policy. If you are able to pay Long Term Care insurance premiums without having to change your lifestyle - you should transfer that risk to the insurance company. |
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Facility Only: Will pay benefits for care in a nursing
home, assisted living facility or board and care facility. It's the most basic policy but often the most needed type. |
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Home Health Care: Will pay benefits for care in your home, but not in a
facility. The preferred policy when a home health care situation is possible. |
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Comprehensive: Will pay benefits for care in your home or in a facility. This
is the preferred type of plan (policy) because of it's flexibility, but is also the most expensive. |
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A long term care insurance specialist with Landmark Insurance Agency will
assist you in deciding which type of policy will work best for your needs. |
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More Information on Florida Long Term Care Insurance
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Click on the link below to fill out a secure quote request form for a Florida
long term care insurance policy that provides excellent health insurance coverage and services at an affordable cost. Or you can speak with our Florida Long Term Care Insurance specialist at (561) 496-2408 to discuss the policy features in more detail. |
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We are a Delray Beach, FL based insurance agency offering affordable
Florida long term care insurance policy premiums in the following cities and counties: Boynton Beach, Gulf Stream, Boca Raton, Lantana, Rainbow Lakes, Atlantis, Lake Worth, South Palm Beach, Palm Springs, Greenacres, Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge, West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Coral Springs, Fort Lauderdale, Parkland, Coconut Creek, Margate, North Lauderdale, Lighthouse Point, Hillsboro Beach, Deerfield Beach, The Hamptons, Highland Beach, Weston, Plantation, Playland Isles, Melrose Park, Lauderhill, Sunrise, Tamarac, Wilton Manors, Oakland Park, Lauderdale Lakes, Sea Ranch Lakes, Villages of Oriole, Pompano Beach, Lauderdale-by-the-Sea, Boca West, Boca Pointe, Juno Beach, North Palm Beach, Loxahatchee, Belle Glade, Palm Beach Shores, South Miami, Cutler Ridge, Princeton, Perrine, Naranja, Homestead, Florida City, Leisure City, Richmond Heights, Pinecrest, Howard, Coral Way Village, Westchester, Westwood Lakes, Brownsville, Sweetwater, Key Biscayne, North Bay Village, Miami Beach, Miami Springs, Virginia Gardens, Hialeah, El Portal, Miami Shores, Medley, Indian Creek, Surfside, Bal Harbour, North Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche Park, Hialeah Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami Lakes, Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach, Aventura, Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale Beach, Ives Estates, Pembroke Park, Coral Gables, Kendall, Dania Beach, Cooper City, Davie, West Miami, Hollywood, Broward County, Martin County, Palm Beach County, and Miami-Dade County, FL. We can also offer Florida long term care insurance coverage services throughout Florida, including in Miami, Pensacola, Orlando, Tampa, St. Petersburg, Tallahassee, and Jacksonville, FL. |
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Three Types of Long Term Care
Insurance Policies
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Benefit Limit: The number of years that a plan will pay a benefit from the time
you get sick. Benefit limits generally vary from one year to lifetime coverage. The longer the benefit limit, the greater the protection but the higher the cost.
Inflation Protection: Sometimes called an "inflation rider", this provides you
with a way for your daily benefits to increase over time. Otherwise, the policy may not be sufficient to protect you many years from now. Long term care insurance policies normally contain riders offering automatic daily benefit increases of 5 percent each year, either at "simple" or "compounded" rates.
Elimination Period: Amount of time that you agree to pay out of your own
pocket before the plan (policy) begins to pay. This period normally varies from 0 to 100 days. The 100-day elimination period will produce the smallest premium cost to you. |
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Daily Benefit: The maximum amount a policy will pay for one day of care. This
can vary from $50 per day to over $400 per day. You will decide whether to purchase sufficient insurance to cover all of these costs or only most of them. |
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Stable Premiums: Premiums that will not be influenced by any
change in your age or health, and will not change during the life of the policy. Insurance companies do reserve the right to change rates on a statewide basis. |
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Guaranteed Renewable: The insurance company can't cancel the
long term care insurance policy unless you fail to pay the premium. |
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Covers Mental Conditions: Covers mental and nervous conditions
due to any organic brain disease, including Alzheimer's Disease.
Exclusions: Exclusions should be minimal and should not adversely
affect your stated insurance protection goals. |
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No Pre-Existing Conditions: All previous medical history admitted
on the long term care insurance application and is approved for a policy, is of no consequence in the future. |
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Waiver of Premium: The insurance company allows you to stop
paying premiums once you've begun receiving benefits. There can be waiting periods of up to 90 days before this waiver takes effect, and it may not be available when home health care is purchased. |
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No matter what age you are now, it's doubtful that you will pay more over your
entire life in total premiums for long term care insurance than you would pay for only a one year stay in a nursing home. |
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The cost of nursing home care has risen at an average rate of 7% per year for
the last 15 years. Today's average cost of care in Florida is about $151,000, but inflation rates will propel this cost much higher. An average inflation rate of 6% over the next twenty years would more than triple the cost of nursing home care. |
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Medicare pays for less than 10% of all nursing home costs.
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Over 50% of the U.S. population will require long term care at some point.
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38% of the 13.5 million Americans currently receiving long term care are
between the ages of 18 and 64. |
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More than 76% of people receiving long term care, receive it in their home
or in other community environments. |
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Facts
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Type of Policy: Facility, Home Health Care, or Comprehensive
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Age: The most important element in determining the premium. Naturally the
earlier you start paying for long term care insurance the better. |
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Long Term Care Insurance (Nursing Care)
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There are three levels of nursing care that are covered by a Florida long
term care insurance policy: |
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Custodial care: Care necessary due to a permanent or chronic illness or
injury, which is less intensive, but which may continue indefinitely. This nursing care helps a person perform activities of daily living or supervises a person if cognitive impairment exists. Many custodial care situations start with a mild degree of illness which is followed by slow deterioration. Alzheimer's disease is one example where custodial care is usually needed. Other types of insurance policies do not offer custodial care benefits. The value of long term care insurance for you or a family member and protecting a lifetime of created assets is never more evident than in custodial care nursing services. |
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Skilled care: Short term nursing care needed after an illness or serious
injury. Consists of rehabilitative and intensive 24 hours per day care. |
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Intermediate care: Rehabilitative care by a nurse for up to six months
and when less than 24-hours per day supervision is needed. |
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Skilled care: Short term nursing care needed after an illness or serious
injury. Consists of rehabilitative and intensive 24 hours per day care. |
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Click on the link below to fill out a secure quote request form for a
Florida long term care insurance policy that provides excellent health insurance coverage and services at an affordable cost. Or you can speak with our Florida Long Term Care Insurance specialist at
(561) 496-2408 to discuss the features in more detail.
|
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Click on the link below to fill out a secure quote request form for a Florida long
term care insurance policy that provides excellent health insurance coverage and services at an affordable cost. Or you can speak with our Florida Long Term Care Insurance specialist at (561) 496-2408 to discuss the policy features in more detail. |
|
Click on the link below to fill out a secure quote request form for a Florida long
term care insurance policy that provides excellent health insurance coverage and services at an affordable cost. Or you can speak with our Florida Long Term Care Insurance specialist at (561) 496-2408 to discuss the features. |
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**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your insurance needs should be discussed with a licensed insurance agent. |
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Landmark Insurance Agency
4975 W. Atlantic Avenue
Delray Beach, FL 33445
Palm Beach County, Florida
(561) 496-2408
Fax: (561) 496-7740
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Answer a few questions and we
will provide you with an insurance quote by email, phone or fax. Choose the Florida personal or business insurance coverage you're interested in from the option menu list above. |
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Florida
Personal Insurance
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Long Term Care
Insurance
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LANDMARK
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Insurance Agency, Inc.
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Your Florida Long Term Care
Insurance Source Since 2000
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Landmark Insurance Agency, Inc.
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