Long term care health insurance provides help to protect wealth
Long term care health insurance is a critical part of financial planning. Long term care provides assistance when someone can no longer take care of themselves or handle the routine activities of daily life such as bathing, eating, dressing and moving about. The cost of such health care can be high – up to $85,775* for a private room in a nursing home – and health insurance that assists with these payments can help protect retirement savings and minimize the impact on assets. Long term care health insurance can provide coverage for various levels of care – from custodial care to help manage daily activities to skilled care that provides physical, speech, respiratory or occupational therapy on a periodic or daily basis. For long term care health insurance from a leading provider that can customize your coverage to your needs, consider John Hancock.
Learn more about John Hancock’s long term care health insurance now
John Hancock – a leading provider of long term care health insurance
John Hancock, a leading provider of insurance products for more than 145 years, provides long term care insurance plans that can help you secure your family’s financial future. John Hancock long term care health insurance provides comprehensive coverage for a variety of care and locations including nursing homes, assisted living facilities, community settings and the home. When you choose health insurance from John Hancock to cover the cost of long term care, you will have more independence, control and choice as you face the difficult decisions about your own long term care or the care of a loved one. Planning for long term care health insurance today can minimize the emotional and financial burden on your family and helps provide greater protection of the wealth you have built for your family.
How much health insurance will you need for long term care?
When choosing a long term care health insurance policy, it is wise to consider these variables:
- Where do you plan to live in your later years? The cost of long term care varies from state to state and knowing where you may end up can help you better plan for your long term care insurance rate and the kind of coverage you will need.
- Your age and health.
- How long do you anticipate needing coverage? The average length of long term care is three years** but you may want to adjust your long term care coverage based on personal or family health history.
Learn more about long term care health insurance and get long term care information and long term care insurance ratings now
* Based on John Hancock's Cost of Care Survey, conducted by LifePlans, Inc., 2011.
** Based on the average annual rate of inflation over the past 30 years ending December 31, 2008 of 4.1%, using the Consumer Price Index for All Urban Consumers, Bureau of Labor Statistics, www.bls.gov.
