The NC health insurance market is changing, causing consumers to look for new ways to make sure their health care needs are met at a price they can afford.  For instance, there has been a marked decrease in the public’s interest in long-term care insurance over the last few years and there are many reasons for the decline. Due to more and also more expensive claims, as well as the waning economy over the last few years and the impact that has had on insurance companies, the premiums for long-term care policies have spiked, making them unaffordable for many consumers.  In fact, according to the American Association for Long-Term Care Insurance the average cost of LTC insurance premiums can be as high as $3500 annually and for people living on a fixed income, that becomes difficult, if not impossible, to afford.

For this reason, only about 8 million Americans have long-term care insurance, despite the fact that there are around 45 million Americans who are age 65 and older.  Because people are living well into their 80’s and 90’s, the possibility of needing a long-term care policy is greatly increasing; however, affordability has become a huge problem.  Many people are looking for other options. (more…)

With a Home Health Care policy from Standard Life, you can now receive benefits for at home care up to $300 daily, plus a prescription drug benefit, with premiums starting as low as $12.15 a month.  These benefits allow you the freedom to recover at home without additional financial stress and can help you afford certain necessities that come with convalescence.  All benefits are paid directly to you and in addition to any other health insurance you may have.  While not a replacement for a Long Term Care policy, a Home Health Care policy can be a less expensive alternative for those that may not qualify for Long Term Care. 

The effects of an unexpected accident or chronic illness can be difficult on both you and your family members. If you or a loved one has ever required at home care for physical therapy, chemotherapy or other medical services, you know that having the resources you need to recuperate in the comfort of your own home is priceless.  Being able to live at home while receiving the care you need can make convalescing a much less lonely and expensive process.  In addition, it allows the ones you love to continue their lives and maintain responsibilities while having peace of mind in the knowledge that you are well-cared for at home.  (more…)