Long Term Care Insurance
Long-term care is not just nursing homes - it's a wide array of health and 
personal care for those who are elderly or chronically ill, and can range from part-time home health assistance to nursing homes.
The cost of these services can vary widely as well. It is estimated
that 60 percent of people who turn age 65 will need long-term
care at some
point in the future, and 20 percent will spend
two years or more in a nursing home.
Below is a list of resources that will help you evaluate long-term care insurance.
Long-Term Care Insurance: The basics on long-term care insurance, Colorado's Long-Term Care Partnership Program, and a list of insurance companies that offer
long-term care insurance in Colorado.
Long-Term Care Frequently Asked Questions: Basic questions and answers to help you better understand the issues surrounding long-term care policy premium increases.
How much does nursing home, assisted living, home care or adult day care cost? Link to Genworth Financial, which provides a state-by-state map of the cost of these kinds of care, both now and in the future.
The Long-Term Care Planning Tool: offered by Medicare.gov, this tool will guide you through a series of questions designed to help you understand
what kinds of services are available, how much you could spend on long-term care and
how to finance long-term care costs.
About the Colorado Long-Term Care (LTC) Partnership Program: The Colo
rado
Long-Term Care (LTC) Partnership is an alliance between the private insurance industry and the state government to help Colorado residents plan for future long-term needs without depleting all of their assets to pay for care. It is designed to encourage and reward Colorado residents for planning ahead for future LTC needs.
The website has a listing of current insurers offering Colorado Long-Term Care Partnership Policies, producers who have completed the 16 hour long term care training requirement, continuing education providers who are teaching the 16 hour long term care training course and a host of helpful information.
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