Long Term Care

       LTC Insurance reimburses you for home health care & nursing home expenses. Should you ever require this care, expenses average $50,000 per person per year nationwide. In downstate NY, they frequently exceed $100,000 per person per year. These expenses are not usually covered by health or medical insurance.

Everyone over the age of 40 should consider securing a LTC policy. We recommend applying before age 60 in order to hold down the policy premiums. In addition, you should check whether your older relatives own policies. Depending upon their age & circumstances, you might discuss this coverage with them. Because policies are medically underwritten, it is advantageous to apply before age related health problems develop.

Policy Premiums may be deductible from your state &/or federal income taxes. In addition, company paid policies can be deducted as a health care expense just like any health insurance policy.