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LONG TERM CARE INSURANCE

Long-Term Care in Missouri: What You Need to Know

Why Consider Long-Term Care?
Long Term Care InsuranceAs we age, the need for help with daily tasks becomes more common. In fact, nearly 70% of people turning 65 today will require some form of long-term care. Since Medicare usually doesn’t cover these extended care services, having a long-term care insurance policy can be a smart way to prepare for the future.

Average Cost of Long-Term Care in Missouri

In Missouri, the average cost for three years of long-term care can easily surpass $250,000. Annual premiums for long-term care insurance vary depending on factors such as age, health, and the type of coverage chosen. On average, a 55-year-old in Missouri might expect to pay around $1,500 per year.

Types of Long-Term Care Insurance Policies

  1. Home Care Only – This plan covers in-home care services but does not include nursing homes or assisted living facilities.
  2. Facility-Only – Provides coverage specifically for care in nursing homes or assisted living facilities.
  3. Comprehensive Plans – A combination of in-home and facility care, offering the most extensive coverage.
Hybrid Policies

Hybrid policies combine long-term care insurance with a life insurance policy or annuity. This option can provide a death benefit if you don’t end up using the long-term care coverage, making it a flexible choice.

Factors Influencing Costs

The cost of long-term care insurance is affected by various factors, including:

  • Age and health
  • Lifestyle habits (such as smoking)
  • Coverage options and benefit levels
Why Get Long-Term Care Insurance?

Long-term care insurance can help cover significant out-of-pocket expenses for care services, giving you and your family peace of mind and financial security as you age.

Get a Quote Today

Planning ahead for long-term care can make all the difference in ensuring your peace of mind and financial stability. At Stocker Insurance, we offer personalized quotes tailored to fit your needs and budget. Don’t wait until it’s too late—get in touch with our team today to explore your options and secure the coverage that’s right for you. Contact us now for a free, no-obligation quote!

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Dedicated to Protecting Missouri Families & Businesses

At Stocker Insurance, we take the worry out of protecting what matters most, so you can focus on enjoying life. With a wide range of coverage options and trusted carriers, we’re your one-stop solution for all your personal insurance needs.

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