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Ohio licensed, located. Serving Ohio residents and business owners. |
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Long Term Care Protection
It is important to consider the effect a long-term stay in a nursing home can have on an estate. With costs approaching and frequently exceeding $50,000 annually, long-term care is an area of concern to all, especially those who have been successful in accumulating significant assets.
Extensive planning is often done to conserve assets and protect them from high estate taxes. Both taxes and a long-term illness can exhaust accumulated assets. To avoid having to "spend down" assets before government programs (Medicaid) will pay for long-term care, a long-term plan may be purchased to provide the dollars necessary for care. As with most types of health insurance plans, the premium increases as we age and the risk increases.
> Click for more info on Long Term Care Costs
For more info see "Must Know" info below.
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Unsure of how much coverage you should have? Click here>
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Summit Insurance Agency 5170 Darrow Rd. Copyright © 2006 - Summit Insurance Agency |
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