MCC Financial Services, Inc.
 
Why Long Term Care Insurance?

More than 12 million Americans currently need long term care.1

Expenditures for nursing home and home health care totaled $117.1 billion in 1998. Medicare covered only 18% of that. Medicaid (available only after your assets have been depleted) covered 39%. Almost 30% of it -- more than $35 billion -- was paid out-of-pocket by individuals.2
  1. The Henry J. Kaiser Foundation, Fact Sheet #2186, "Medicaid's Role in Long Term Care," March 2001.
  2. "Long Term Care," by Natalie Graves Tucker, Enid Kassner, Faith Mullen, and Barbara Coleman, AARP Public Policy Institute, May 2000.
Long Term Care Policies

Long term care costs can be financially devastating. Considering the rise of costs & increased needs for long term care, the impact of long term care on individuals and businesses has grown, long term care insurance has become one of the most rapidly growing benefits today.

Long term care plans cover the medical care, nursing care and certain in-home care (home health aides or physical therapy, for example) that you might need if you ever are unable to care for yourself due to an extended illness or disability. Most long-term care policies pay a fixed dollar amount for each day you receive covered care in a nursing home. The daily benefit for at-home care is usually half the benefit of nursing home care. 		    
   
     

© 2012 MCC Financial Services, Inc.

 Securities offered through Registered Representatives of Cadaret, Grant & Co., Inc., Member FINRA/SIPC
Licensed in the States of NY, CA, FL, IL, MA, NC, and PA.
MCC Financial Services, Inc. and Cadaret, Grant & Co., Inc are separate entities.