FINDING THE RIGHT PRODUCT   Unlike a life insurance policy, There are several “moving” parts to a Long Term Care policy.  You have the flexibility to make choices and these choices affect the premium.    Some of the basic choices are:   Facility Daily Benefit  - dollars per day you receive from the insurance company. The average cost per day for 2006 was $160. Facility/Home Care Period – this will be stated in numbers of years.  The average stay in a facility nationwide is 3 years. Home Care Daily Benefit – dollars per day to take care of you at home. The average cost in 2006 was $20.00 an hour. Inflation Protection – since health care costs continue to outpace inflation with no sign of letting up, this feature is highly suggested.  Elimination Period – how many days you can afford to pay for a facility before the policy takes over. People usually choose 0 to 180 days.  We only represent A+ rated insurance companies that:   Are committed to the long term care industry Have been in the industry for 15+ years Long Term Care is a relatively new offering) Have not raised premiums for existing clients for 15+ years Have a track record of paying claims Offer complete coverage Are client-friendly Please give us a call today and we can discuss the best company to suit your needs. Do I really need this? Here is what is happening:  The Deficit Reduction Act of 2006 has had a huge impact on people trying to get rid of their assets in order to have the government (in the form of Medicaid) pay for their care.  Now, if you have over $2000 total, you must give the excess away 5 years BEFORE you have a health event that can qualify you for LTCi.  So how can you plan for that?  Maybe you will NEED that money to live on for the next 20 years and NOT for LTCi. The government has a huge burden as the Baby Boomers age and it is closing every gap for Medicaid qualification.  Medicaid was never meant for anyone but the very destitute. That is why, if you have assets to protect for a spouse or to pass on to your family, LTCi is a good way to protect them. Talk to your attorney, CPA or financial planner. They may advise you to obtain LTCi. There are two factors only that determine what you will pay for LTCI : your current age and health. That's it. You want to buy this product if you can afford it and as soon as possible. The younger and healthier you are, the cheaper the premium.