Most people don’t know what long term care is until they or   someone they love need it.

Long-term care (LTC) is a variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods.


Many of us worry about who would take care of us if something happens, and no one wants to be a burden. Your Long Term Care Insurance benefits can be used to pay for Home Health Care, Assisted Living Facilities, Adult Day Care and Nursing Homes.  In fact, 72% of all LTC claims are paid for Home Health Care. This service is where an aide comes into your home to help with with your Activities of Daily Living and also provide help with cooking and cleaning.  Long Term Care Insurance will help ensure you will be able to stay in your own home to receive care.

 Did you know that...

  •  At least 70% of people over 65 will need long-term care services and support at some point in their lives.(Source: 2015 Medicare & You, Centers for Medicare & Medicaid Services)


  • About 68% of nursing home residents and 72% of assisted living residents are women.
    (Source: Long-Term Care Services in the United States: 2013 Overview, National Center for Health Statistics)


  • The national median daily rate in 2014 for a private room in a nursing home was $240, an increase of 4.35% from 2013.
    (Source: Genworth 2014 Cost of Care Survey, March 2014)


  • The average length of a nursing home stay is 835 days—or more than two years. But I had several relatives, both with Alzheimers, who were in homes for five years. (Source: Centers for Disease Control and Prevention, Nursing Home Care FastStats, last updated May 2014)


  • At a median daily rate of $240, an average nursing home stay of 835 days currently costs over $200,000, making it virtually unaffordable for many Americans. (The average hotel room is just $121/day!)

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Financial 411, Robert Goldsmith, and Deanna Goldsmith are representatives of Financial Fitness & Insurance Servcies, LLC, a Nevada Corporation.  Robert has been a licensed insurance and financial professional since 1982 and is a member of the National Ethics Association and National Association of Professional Agents.  Deanna Goldsmith is also a member of the National Association of Professional agents and has earned her certificate as a National Social Security Advisor. Deanna Goldsmith has been a licensed insurance professional since 2003. Financial Fitness & Insurance Services, LLC, Robert Goldsmith, and Deanna Goldsmith do not provide legal or tax advice, any information perceived as legal or tax advice is purely consequential.  For legal or tax advice you should always consult a licensed tax advisor or attorney.