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Insurance Group of America

17 Warren Road - Suite 5B
Baltimore, MD 21208
Toll Free: (800) 688-9241
Local: (410) 415-0700
Fax: (410) 415-0800
E-mail: sales@igalife.com


Long Term Care Insurance

What is long-term care? Long-term care involves a wide variety of services for people with a prolonged illness, disability or cognitive disorder (such as Alzheimer's disease).

Long-term care is not one service, but many different services aimed at providing people with the help they need when a prolonged illness or disability keeps them from being able to care for themselves. It can range from help with day-to-day activities in the home (custodial care such as dressing, preparing meals, bathing, etc.) to more sophisticated services such as skilled nursing care in your home or a nursing facility.

Persons with physical illnesses or disabilities often need hands-on-assistance with activities of daily living. Persons with cognitive impairments generally need supervision, protection or verbal reminders to accomplish everyday activities. Skilled care and personal care remain the most common terms used to describe long-term care and the level of care a person may need.

What is long term care insurance?

Long Term Care (LTC) Insurance provides for handling the financial burden of either nursing home care or at-home care. Policies typically pay a fixed daily benefit, which is chosen at the time of inception of the policy.

LTC coverage is important if your wish to preserve your estate or if you do not wish to burden your family with the care or expense of nursing care.

Do I need Long-Term Care Insurance?


If you are asking yourself this question, consider these few facts:

  1. Every 53 seconds someone in the U.S. has a stroke.

  2. Strokes afflict one-half million Americans every year, killing one-third and disabling another 200,000 individuals.

  3. The average length of stay in a nursing home for a recovering stroke patient is 868 days (more than 2 years).

  4. The national average cost for nursing homes is approximately $105.00 per day. Assisted living ranges anywhere from $50 - $90 per day. If you live on the Eastern Seaboard you can easily spend $50,000 to $80,000 for a year's stay in a nursing home. These costs are perfectly capable of wiping out a lifetime of savings-not to mention the emotional effect long-term care has on a family.

  5. A Harvard University study showed that 69% of single people and 34% of married couples would exhaust their assets after 13 weeks in a nursing home. 13 Weeks = 91 days!

  6. The government isn't going to pay for long-term care at home, in a nursing home, or in an assisted living center. Medicare pays 100% of long-term care for 20 days and all but $95.00 per day for the next 80 days--after that nothing. However Medicare only pays for skilled care and most long term care is not skilled care.