West Virginia Long Term Care Insurance

Long Term Care is a type of care that is needed when someone needs help with basic, day to day living activities due to aging, a chronic medical condition, or accident.  These are called activities of daily living, or ADL's.  ADL's include eating, bathing, dressing, toileting, walking, and continence.  Long Term Care can also be needed as a result of a cognitive impairment such as dementia or Alzheimer's Disease.  Because West Virginia has one of the highest percentages of retirees in the nation, planning for how to pay for long term care is very important.  

Long Term Care is very expensive.  In West Virginia, the average cost of long term care varies depending on the skill of the person providing the care, and where the care is received.  Typically, the costs can run anywhere from $20,000-$80,000 per year.  Will you have that kind of money to spare?

The United States government predicts that an individual has a 70% chance of needing Long Term Care in his or her lifetime.

Studies reveal that if you are 60 years old you have more than a 60% chance of needing long term care. If you live to be 65 years old, your chances of needing care goes up to 70%.At Deacon & Deacon Insurance Agency, we realize how important it is to look into long term care insurance.  As with all of our lines of coverage, we represent many of what we consider to be the best carriers in the business.  There are different types of policies for different needs, and we understand the complex array of choices.

Long Term Care services are quite expensive and are generally received in one of four places:

1.  Home Health Care

2.  Assisted Living Facilities

3.  Adult Day Care.

4.  Nursing Home

According to Genworth, a leading provider of LTC insurance, the cost of long term care is upwards of $84,000 per year.

There are many ways to pay for LTC, contact us for a no cost consultation to determine your specific exposure and potential funding sources today.