People tend to think they will never need long-term care. Unfortunately, when they do need it they are not prepared. With long-term care insurance you can take control and be prepared. It helps you:
As life expectancies increase, there is a greater chance that people will require long-term care. Long-term care includes all health, social, psychological and other services to persons requiring supportive help for a long time.
As an IEEE member, you have access to a special benefit—the Long-Term Care Resources Network, a unique long-term care buying service.
This benefit allows you to work with a long-term care insurance representative who will give you all the information about benefits and rates of different highly rated long-term care provides.
With so many different providers, you may have questions about the coverage they provide:
One simple phone call to the Long-Term Care Resources Network for IEEE members is all it takes to start protecting your assets from long-term health risks and get your questions answered. No obligation necessary!
For more information, a one-on-one consultation with an experienced Long-Term Care Resources Network Representative and how to apply, please call 1-800-588-7421.
"I recently decided to purchase long-term care insurance for myself and my spouse. My spouse was rejected by another company and (initially) by the IEEE member plan. However, the IEEE-sponsored agent worked with us through the appeal process and we were successful in getting coverage for both of us. The rates are slightly higher than what the other company was offering, but the underwriters were willing to review and weigh the entire person rather than simply look for a reason to say no." — IEEE Member, Daniel R. Adams
What is long-term care?
Long-term care refers to assistance with the very basic, everyday activities that most of us can do for ourselves. We call them Activities of Daily Living, or ADL’s. As a result of illness, injury or advanced age, many people need assistance in order to eat, dress or bathe. The need for long-term care may also result because a person has cognitive impairment. Some people need supervision or reminders to accomplish every day activities, such as using the toilet, eating, bathing, dressing and so forth.
What is Long-Term Care Insurance?
What is the average cost of long-term care?
Today, the average cost of staying in a nursing home can be very expensive, often over $70,000 a year. Home care can be very expensive as well. Few people can afford this cost without using their life savings. Long-Term Care Insurance allows you to protect your assets in the event you need long-term care some time in the future, just like you protect yourself with homeowner and auto insurance.
How much does Long-Term Care Insurance cost?
Plans vary greatly based on your age, health and state. To give a general idea, the average buyer is in their late 50’s and they are spending $175 per month.
The premiums charged for tax-qualified Long-Term Care Insurance policies are treated as medical expenses under Federal tax law, which may qualify you for a more favorable outcome on your tax return.
A Long-Term Care Resources Specialist will be able to develop specific quotes based on our desired options. And you should check with the insurance carrier to determine if your plan is tax-qualified and consult with an attorney, accountant or tax advisor regarding the tax implications of purchasing a tax-qualified policy.
Who pays for Long-Term Care?
Why won't the Federal Government pay for my long-term care?
Does Medicaid pay for long-term care?
Does medical insurance pay for long-term care?
What companies do you represent?
How old do you have to be to have Long-Term Care Insurance?
Can I have this for my spouse, mother, or other family members?
Do you have to be healthy to have this?
Generally speaking yes, there are different levels of health within the underwriting process as well as heath conditions that are unfortunately uninsurable such as:
Where am I calling - how do you fit into this (meaning who is Long-Term Care Resources)?
When you call 1-800-588-7421, you are reaching the Customer Service Center for Long-Term Care Resources, the authorized Long-Term Care insurance plan administrator for our Long-Term Care Insurance Program.
I want information, but do not want anyone to call me (I will not provide my phone number).
Does someone have to come to my home?