 The Problem
Thanks to advances in medical technology, we are living almost twice as long as our ancestors 100 years ago. Unfortunately there's a complication. The longer we're around, the greater the odds we'll need long term care.
But can we count on government programs or health insurance to pay the care expenses?
As 78 million baby boomers approach retirement age full of vim and vigor, the majority do not know the the danger they face! ... Do you? Take the eye-opening quiz, below, and see.
7 Questions that Could Change Your Life |
| 1. My chances of needing long term care at some point in my life are at least -- |
A. |
1 out of 4 |
B. |
1 out of 10 |
C. |
1 out of 25 |
D. |
1 out of 50 |
| 2. The average length of time one needs extended care is -- |
A. |
only 6 months |
B. |
about a year |
C. |
nearly 3 years |
D. |
6 years |
| 3. The average annual cost of a nursing facility is -- |
A. |
$30,000 - $35,000 |
B. |
$40,000 - $50,000 |
C. |
$50,000 - $60,000 |
D. |
$60,000 - $70,000 |
| 4. Major medical policies, Medicare and Medicare supplements will pay for care in what kind of nursing facility? |
A. |
Skilled |
B. |
Intermediate |
C. |
Custodial |
D. |
All of the above |
| 5. The cost of long term care is the leading cause of financial failure for individuals in the U.S. |
| 6. The House of Representatives has approved a 100% federal tax deduction for long term care insurance premiums. |
| 7. Self-employed and business owners have an excellent federal tax deduction TODAY for long term care insurance premiums. |
|
> CLICK HERE for the eye-opening answers.
|
Gary Melnikoff
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