Long Term Care

A way to guarantee life’s simple joys with one of the most important planning decisions a couple can make today.

Long Term Care is that priceless peace of mind knowing that a loved one will be cared for at home, if that is your wish. These plans are designed to help you pay for care in a range of settings whether it is at Home a Nursing Home or an Assisted Living center. The new plans are Tax Qualified and offer CASH benefits to be used at your discretion. We can show you how to protect yourself, your dignity and your assets all in one simple plan. Spousal Discounts are also available to make this coverage even more affordable.

Fazio Agency Inc. can tailor make a Long Term Care plan for you and your spouse offering all the leading companies in Long Term Care insurance. Andrew J Fazio, the Agency owner, is trained and NYS Certified to offer the New York STATE PARTNERSHIP PLAN’S and the Traditional Non Partnership plans. Protecting your assets and assuring your care in the senior years will be self directed is our primary focus. As more and more seniors decide on Home Care rather than that of nursing homes, we can show you the way to plan for your own future where you will have the funds to decide where you wish to live.

Research shows that at over 6 million people aged 65 or older need long-term care, with one in two over age 85 requiring some type of care. At least half of the population who are 85+ will need help with Activities of Daily Living Such care is needed when someone can no longer independently carry out essential but basic everyday activities like eating, bathing, dressing, etc. Most people think of long-term care as something needed only by our senior population, but accident or illness can strike someone of any age and at any time. When it does, they will find themselves in need of assistance. This is where a well designed Long Term Care plan will guarantee your right to preserve the way of life you cherish.

Who will care for you? Today’s smaller families may be scattered across the country. Caring for a loved one full-time can overwhelm even the most devoted family members. More families than ever are turning to outside help with the care of a family member. Long Term Care will provide the benefits needed to fund your future the way you plan it.

So many people automatically think of nursing homes when they think of long-term care, but there are other options readily available as well, some provided in your own home or others in the community setting. Let us show you and explain some of these long-term care arrangements, what they cost and how to plan for  Long-Term Care insurance policy to help cover such expenses and protect your assets.

Options to consider when choosing a policy to meet your needs:

• New York State Partnership Approved Plan
• CASH BENEFIT POLICIES ARE NOW AVAILAIBLE
• Financially Stable Insurance Company - As rated by Standard & Poors, Moody's, AM Best.
• No Skilled Care Requirement Home
• Health Care Provision - None, 50%, 75% or 100% of nursing home benefit.
• Waiver of Premium
• Covers Alzheimer's Disease
• Length of Benefit - 2, 3, 4, 5, 6, 10 years or lifetime benefit.
• Daily Benefit Amount – Choose what amount is best for you.
• Elimination Period - 20, 30, 60, 90, 100 or 180 days.
• Inflation Protection - 5% simple or 5% compound.
  

Potential advantages from Fazio Agency Inc & its carriers:

• Preferred health discounts up to 20%.
• Married discounts up to 20%.
• Premium discounts up to 8%, per policy, for paying annually versus monthly.
• Option of selecting New York State Partnership Plan.
• Your choice of insurance companies and policy options based on your needs.
• Choice of home health care benefits.
• Choice of optional benefit riders.
• Availability of limited pay option.

Additional benefits commonly available in individual policies:

• Bed hold reservation.
• Respite care for caregiver.
• International coverage (non-partnership plans).
• Home modification coverage.
• Caregiver training.
• Hospice coverage.
• Shared-care benefit with spouse, optional rider
• Home health care with no elimination period, optional rider.

Please contact Andrew J. Fazio for more information:

Email:fazioinc@frontiernet.net

Request a Quote