Colorado Long Term Care Insurance Quotes
Colorado Long Term Care Basics
- Your chance of having a car accident = 1 in 240
- Your chance of house fire = 1 in 1200
- Your chance of needing long-term care = 1 in 2¹
Long-term care insurance can cost from $100/month to over $1000/month depending on your age and health. At first, it can seem expensive, and people will let the cost as a reason not to get long-term care coverage and procrastinate finding long term care insurance, which will cost them a lot of money every year they grow older before getting a policy. And, if they wait too long and don't have any at all when they do need it, it can be devastating. If you don't think long-term care would be a good investment right now because of the price, consider this: At 5% annual compounded inflation, in 10 years, actual real-life care costs could mount to over $120,000 per year. This means if you pay an annual long-term care insurance premium investment of $4,700 for 10 years, you will break even within only 6 months of receiving care. The annual long term care insurance premium investment is often less than the actual cost of just one month in a care situation. Long-term care insurance may make good financial sense for you. Insurance industry articles indicate that long-term care insurance is such a valuable planning tool that financial advisors may face legal action if they don't at least recommend consideration of coverage.²
¹Underwriter's LTC Council
²Trusts & Estates Magazine
Common Long Term Care Questions
 Most people assume that medicare will help pay for their long-term care. They work toward retirement assuming that they don't need to worry about it because should they need long-term care, medicare will pay some or all of the bill. Medicare is health insurance for people over the age of 65, and counting on Medicare probably isn’t the answer. After a 3 day hospital stay, nursing home costs for each benefit period are as follows:
- On days 1 through 20, Medicare pays 100%.
- On days 21 through 100, Medicare pays all but the first $101.50 per day
- After day 100, you are required to pay 100% of the costs incurred.
While no one wants to think about the worst case scenario, we can help you plan for and help protect your future so you can focus your energy on what’s really important – enjoying life.
Allianz, United of Omaha, Physicians Mutual, Lincoln Benefit Life
 Looking for a long term care policy is usually a long process. We make it easy by comparing the top long term care plans for what you need. There are a lot of different situations that you can encounter, and as you approach medicare age you will need coverage for typical activities of daily living (ADL). You will want to make sure the long term care policy covers an adequate daily or monthly amount and also covers in home care.
Allianz - American General - AIG - Physicians Mutual - Banner Life - ING - Lincoln Life - MONY - North American - Prudential - Transamerica - Travelers - United of Omaha
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