| Long-term
care is costly. The national average monthly cost
exceeds $4,600. Approximately one sixth of all individuals
who are now 18 years old can expect to spend two
and a half years in a nursing home at a cost of $100,000.
Statistics show that 72 percent of people admitted
to a nursing home become penniless within the first
year. Without enough assets to spend about $30,000
a year on long-term care, an individual’s or
family’s life style could be severely affected
without financial protection. Fortunately, Christian
Brothers Employee Benefit Trust offers a workable
solution, voluntary long-term care insurance.
Long-term care insurance protects against financial
strain of paying for extensive stays in nursing homes
or the extended use of in-home care, not covered
by disability or private health insurance. The coverage
provides a daily benefit amount to pay for care at
a nursing home or alternative care facility.
If you would like to add Long Term Care to your existing benefits or are interested in receiving more information about the Trust, please Contact Us.
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