Articles Editor's Blog Reader Mail

Coverage for Long Term Health Policies Ankeny IA

Why long-term care insurance? The costs associated with a quality nursing home or in-home care providers are rapidly becoming very expensive. Many of us would exhaust our savings long before our need for care would finish. As with any medical emergency, the depletion or elimination of our savings is a significant burden for our families or loved ones.

Bill Elson
3705 Grand Avenue
Des Moines, IA
Company
Company: Spectrum Financial Services
Service
Hourly Financial Planning Engagements,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning

Data Provided by:
Personal
001-785-395-5516
1541,International Court
Manhattan, KS
 
Bill Elson
3705 Grand Avenue
Des Moines, IA
Company
Company: Spectrum Financial Services
Service
Hourly Financial Planning Engagements,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning

Data Provided by:
HealthSource of Cedar Rapids
(319) 540-8065
206 Collins Road NE, Ste 102
Cedar Rapids, IA
 
American Family Insurance
(641) 683-1891
409 Church St
Ottumwa, IA
 
T. Scott Nevitt
2928 Ingersoll Avenue
Des Moines, IA
Company
Title: President/Trusted Advisor
Company: CORE Asset Management
Type
Investment Advisor Rep: Yes
Years Experience
Years Experience: 10
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Medicaid,Life Insurance,Inv

Data Provided by:
Craig Adamson
1000 Lindale Drive
Marion, IA
Company
Title: President
Company: Adamson Financial Planning
Type
Investment Advisor Rep: Yes
Education
BS Iowa State University 1996
Years Experience
Years Experience: 14
Service
Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Plan

Data Provided by:
T. Scott Nevitt
2928 Ingersoll Avenue
Des Moines, IA
Company
Title: President/Trusted Advisor
Company: CORE Asset Management
Type
Investment Advisor Rep: Yes
Years Experience
Years Experience: 10
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Medicaid,Life Insurance,Inv

Data Provided by:
Insurance Policy Centrers LLC
(319) 354-0097
765 Bay Ridge Drive
Iowa City, IA
 
Messerli Insurance Services
(641) 683-3393
540 Church St
Ottumwa, IA
 
Data Provided by:

Coverage for Long Term Health Policies

Provided By: 

What About Long Term Care?

This is a relatively new type of health insurance, which has been developed in response to consumer demand. In some ways, it resembles Disability insurance. You will only collect on this policy if you need long-term care, and your policy premiums are paid up, just like with Disability insurance. And, as with Disability insurance, you hope you never have to collect on it.

This insurance is geared towards taking care of you if you become unable to take care of yourself. Many more people are living longer and are requiring long term care related to chronic conditions or terminal conditions. However, just like Health insurance or other medically related insurances, you are best to be thinking about getting this coverage long before you would ever need it. The older you are when you negotiate your policy, the higher your premiums will be because you will pose a greater risk to the insurer.

Why long-term care insurance? The costs associated with a quality nursing home or in-home care providers are rapidly becoming very expensive. Many of us would exhaust our savings long before our need for care would finish. As with any medical emergency, the depletion or elimination of our savings is a significant burden for our families or loved ones.

Long-term Care insurance recognizes the high cost of nursing home or in-home care. It provides money for you to handle those costs. In fact, you can expect to pay between $40,000 and $100,000 per year for nursing home care. How long would it take you to exhaust your savings with those kinds of costs staring you in the face? In-home care can be just as expensive depending on what level of care you or your loved one requires. Health insurance normally does not cover this. So this is money out of your pocket.

Is it for you? If you have very little money and will likely qualify for Medicaid, the answer is no. If you have so much money that it will be no financial burden to pay for the cost of quality care at any level, the answer is no. However, if you are a middle-class family who wants to have some choice in the type of care that your members receive when elderly, convalescing or dying, then you should consider this insurance.

Long Term Care Calculator

This long term care calculator is provided to you as a free service of the Insurance Guide 101. The calculator will provide you with a quick estimate of your long term care, based on the information that you have entered. This is not an official or legally binding estimate, but it is intended to give consumers a rough idea of the cost of their long term care.

Simply plug in the figures using the best information that is available to you ( being sure to fill in all required fields ). You can use this calculation as you consider your long term needs or as you shop around for a long term health insurance policy or compare your employment health benefit's package with those of your spouse.

Please note: the sum will depe...

Click here to read the rest of this article from Insurance Guide 101

IA Residents Uninsured

Number of uninsured: 366,000 Iowa residents are uninsured, about 12% of the population.

Where the state stands: The state does not have a law establishing a health insurance exchange, and Republican Gov. Terry Branstad has said Iowa will create a state-based exchange only if the law is upheld. The Republican House Majority leader says the state has already enacted several pieces of the law, including a website that helps residents find insurance, but the state has yet to comply with other requirements.

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap