Click Here To Get Your Copy.
Wednesday, April 6, 2016
Long Term Care Insurance Shopper's Guide
Click Here To Get Your Copy.
Tuesday, June 2, 2015
Long Term Care Insurance: The 3 Big Myths
Most people have heard of Long Term Care Insurance but surprisingly only a small percentage of Americans have it. There are 3 big myths that we believe keeps individuals from purchasing this very important coverage. With this video we want to explain why these myths are simply not the true facts.
Sunday, March 1, 2015
The Major Retirement Expense You May Not Have Thought Of
At least 70% of people over the age of 65 will need long-term care in
their lifetime, according to the U.S. Department of Health and Human
Services.
Just let that sink in for a moment. Even if you're in great health now, odds are you'll need long-term care at some point. Have you planned for it? You should, because it could be one of the biggest threats facing your retirement.
The cost of long-term careLong-term care is far more expensive than many people realize. According to Genworth Financial, in California, the average cost for a day healthcare facility is about $20,000 per year, while a home health aide costs an average of $53,000 and the average private nursing-home room costs over $100,000 annually.
Consider insuranceIf you don't have a significant asset base, you should consider long-term care insurance, especially given that health insurance plans generally cover limited types and dollar amounts of long-term care.
For example, most health insurance will only cover up to 100 days of skilled nursing that follows a recent hospitalization for a related condition. That means you're on the hook for the rest.
From this perspective, long-term care insurance starts to look really attractive, especially considering that seven out of 10 Americans could make use of it.
If you're thinking of buying a policy, then don't delay. The older you get, the more expensive you are to insure, therefore stalling defeats the purpose of the insurance. And if your health takes a turn for the worst, you may be ineligible for coverage. In fact, 45% of long-term care insurance applicants are denied coverage. That number rises to 66% for those 80 and over. So, even though it's an extra cost now, getting a policy while you're relatively young and healthy could pay huge dividends later on when you really need it.
SOURCE: The Motley Fool, Feb. 8, 2014 (Click Here For The Full Article)
Just let that sink in for a moment. Even if you're in great health now, odds are you'll need long-term care at some point. Have you planned for it? You should, because it could be one of the biggest threats facing your retirement.
The cost of long-term careLong-term care is far more expensive than many people realize. According to Genworth Financial, in California, the average cost for a day healthcare facility is about $20,000 per year, while a home health aide costs an average of $53,000 and the average private nursing-home room costs over $100,000 annually.
Consider insuranceIf you don't have a significant asset base, you should consider long-term care insurance, especially given that health insurance plans generally cover limited types and dollar amounts of long-term care.
For example, most health insurance will only cover up to 100 days of skilled nursing that follows a recent hospitalization for a related condition. That means you're on the hook for the rest.
From this perspective, long-term care insurance starts to look really attractive, especially considering that seven out of 10 Americans could make use of it.
If you're thinking of buying a policy, then don't delay. The older you get, the more expensive you are to insure, therefore stalling defeats the purpose of the insurance. And if your health takes a turn for the worst, you may be ineligible for coverage. In fact, 45% of long-term care insurance applicants are denied coverage. That number rises to 66% for those 80 and over. So, even though it's an extra cost now, getting a policy while you're relatively young and healthy could pay huge dividends later on when you really need it.
SOURCE: The Motley Fool, Feb. 8, 2014 (Click Here For The Full Article)
Friday, December 19, 2014
Assisting Latinos With HCR Enrollment
Many in the Latino community are confused by the process of applying for health care reform subsidies and purchasing health insurance from the NC Health Insurance Exchange. Carolina Insurance Market offers bilingual enrollment agents at their office at 4740 Old Pineville Road in Charlotte, NC. (Across from the Woodlawn Road Blue Line Station)
These experienced insurance professionals can assist members of the community in determining their options from the 3 insurance companies and over 60 plans offered in the N.C. Health Insurance Exchange. Call 704-896-1818 for more information.
These experienced insurance professionals can assist members of the community in determining their options from the 3 insurance companies and over 60 plans offered in the N.C. Health Insurance Exchange. Call 704-896-1818 for more information.
Tuesday, November 11, 2014
Thursday, October 30, 2014
Carolina Insurnace Market Opens Second Location
Carolina Insurance Market will have a second location for the 2015 Open Enrollment period that starts November 15, 2014. This location will be located at
4740 Old Pineville Road Charlotte 28217 Across from the Lynx Train Station
We will also be returning to our Franklin Square location in Gastonia next to Wal-Mart.
Both locations will have Spanish speaking agents.
4740 Old Pineville Road Charlotte 28217 Across from the Lynx Train Station
We will also be returning to our Franklin Square location in Gastonia next to Wal-Mart.
Both locations will have Spanish speaking agents.
Open Enrollment Starts November 15
The NC Health Exchange opens up on Saturday November 15th. If you are currently enrolled you will need to update your information in order to make sure that you are getting the most up to date subsidy.
Contact Carolina Insurance Market to help you with your update and explain the new options that are available. Our services are no cost to you.
Contact Carolina Insurance Market to help you with your update and explain the new options that are available. Our services are no cost to you.
Subscribe to:
Posts (Atom)