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What are the chances that anyone will
actually need to pay for long term care expenses?
The Brookings
Institute says that the average 65 year old person has a 20% chance of
having
no long term care expenses during their lifetime.
The remaining
80% will have some long term care
expenses!
58% chance of $50,000 or less
9% chance of $50-100,000 expense
13% chance of $100,000 or more!
To pay these expenses many families are
forced to deplete their savings and
then apply for government assistance
through Medicaid. The Texas Medicaid program requires an
asset limit of
not more than $2,000 for individuals and $3,000
for couples in
order qualify.
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We Are
Certified To Show LTC Polices That Qualify For
The Texas
Partnership Program
The Texas Long Term Care Partnership is a joint
program of the State of Texas and private insurance companies
that aims to
encourage Texas residents to plan for their future
Long Term Care needs.
The program is
participated by various government agencies. The Texas Department of Insurance
establishes requirements that must be met by all insurance companies who offer
policies with Partnership coverage.
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We represent the leading LTC
carriers; Genworth Financial (formerly GE), John Hancock,
MetLife,
Prudential, Physician's Mutual, MedAmerica, and Allianz.
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