March 2013 ISSUE - Lake Fairways Estates A 55+ Adult Community ...
March 2013 ISSUE - Lake Fairways Estates A 55+ Adult Community ...
March 2013 ISSUE - Lake Fairways Estates A 55+ Adult Community ...
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Did You Know?...Medicare doesn’t pay<br />
for Long-Term Care<br />
PLANNING FOR LONG-TERM CARE<br />
Long-term care includes medical and non-medical care<br />
for people who have a chronic illness or disability.<br />
Non-medical care includes non-skilled personal care<br />
assistance, such as help with everyday activities, like<br />
dressing, bathing, and using the bathroom. At least<br />
70% of people over 65 will need long-term care services<br />
at some point. Medicare and most health insurance<br />
plans, including Medicare Supplement Insurance<br />
(Medigap) policies don’t pay for this type of<br />
care, also called “custodial care.” Medicare only<br />
pays for medi- cally-necessary skilled nursing facility<br />
care or home health care if you meet certain conditions.<br />
Long-term care can be provided at home, in the community,<br />
in assisted living, or in a nursing home. It’s<br />
important to start planning for long-term care now to<br />
maintain your independence and to make sure you get<br />
the care you may need in the future.<br />
PAYING FOR LONG-TERM CARE<br />
Long-term Care Insurance – This type of private insur-<br />
ance policy can help pay for many types of long-term<br />
care, including both skilled and non-skilled (custodial)<br />
care. Long-term care insurance can vary widely. Some<br />
policies may cover only nursing home care. Others<br />
may include coverage for a range of services, like adult<br />
day care, assisted living, medical equipment, and infor-<br />
CRYSTAL CLEAR WINDOWS<br />
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WINDOW CLEANING<br />
Specializing in vinyl window<br />
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Bill and Judy Judge <strong>Lake</strong> <strong>Fairways</strong> 29-I<br />
978-345-8988 North Fort Myers, FL 33903<br />
25<br />
mal home care. Note: Long-term care insurance<br />
doesn’t replace your Medicare coverage.<br />
Your current or former employer or union may offer<br />
long-term care insurance. Current and retired Federal<br />
employees, active and retired members of the uni-<br />
formed services, and their qualified relatives can apply<br />
for coverage under the Federal Long-term Care Insur-<br />
ance Program.<br />
Personal Resources – You can use your savings to pay<br />
for long-term care. Some insurance companies let you<br />
use your life insurance policy to pay for long-term<br />
care. ASK YOUR INSURANCE AGENT HOW<br />
THIS<br />
WORKS.<br />
Other Private Options – Besides long-term care insur-<br />
ance and personal resources, you may choose to pay for<br />
long-term care through a trust or annuity. The best option<br />
for you depends on your age, health status, risk of<br />
needing long-term care, and your personal financial<br />
situation. (Taken from the 2012 Medicare & You Hand-<br />
book)<br />
I can offer many different options for covering your<br />
long-term care needs. Contact Kathy Thousand, a con-<br />
tracted, licensed insurance sales agent, at (239) 851-<br />
7457, email me at kathy@851-7457.com, or visit my<br />
website at www.851-7457.com. Next month we’ll<br />
talk about Extra Help paying for Medicare prescription<br />
drug coverage.