Although people are generally living longer, many are requiring assistance in their later years. Long
term care services can be provided in your home, in an assisted living facility or in a nursing
home. In many cases the family is no longer able to provide such care around the clock. Family
members may not live nearby, they may have other pressing family commitments, or simply can't
get the time off from work or away from the home.
According to recent data, 48.6% of people age 65 and older may spend some time in a nursing
home and 71.8% of people age 65 and older may use some form of home health care.
Some people can pay the bill out of pocket, others will qualify for Medicaid (welfare), but most of
us will fall somewhere in the middle. A South Carolina Long Term Care insurance policy can help
protect your assets from the rising cost of care.

Long Term Care insurance is often referred to as "asset protection." Individuals need to have
assets worth protecting in order to justify the purchase of a policy. If you are able to pay Long
Term Care insurance premiums without having to change your lifestyle - you should transfer that
risk to the insurance company.
Three Types of Long Term Care
Insurance Policies
Facility Only: Will pay benefits for care in a nursing home, assisted living facility or board and care
facility. It's the most basic policy but often the most needed type.
Home Health Care: Will pay benefits for care in your home, but not in a facility. The preferred
policy when a home health care situation is possible.
Comprehensive: Will pay benefits for care in your home or in a facility. This is the preferred type
of plan (policy) because of it's flexibility, but is also the most expensive.
A long term care insurance specialist will assist you in deciding which type of policy will work best
for your needs.
More Information on S. Carolina Long Term Care Insurance
Click on the link below to fill out a secure quote request form for a South Carolina long term care
insurance policy that provides excellent health insurance coverage and services at a cheaper
cost. Or you can speak with our South Carolina Long Term Care Insurance specialist toll free at
(800) 849-7475 to discuss the policy features in more detail.
We are a Columbia, SC insurance agency offering affordable South Carolina long term
care insurance policy coverage in the following towns, cities and counties in South
Carolina: Chapin, Arthurtown, Saluda Terrace, Sandwood, Arcadia Lakes, Cayce,
Olympia, Forest Acres, Dentsville, Eau Claire, West Columbia, Springdale, Denny
Terrace, Belmont, St. Andrews, Irmo, Oak Grove, Lexington, Galaxy, Bluff Estates,
Hazelwood Acres, State Park, Haskell Heights, Lincolnshire, Ballentine, Killian, Red Bank,
South Congaree, Edmund, Gilbert, Summit, Gaston, Hopkins, Capitol View, Horrel Hill,
Fort Jackson, Pontiac, Elgin, Blythewood, Camden, Richtex, Whitehall, White Rock,
Sumter, Lugoff, Boykin, Rembert, Hagood, Horatio, Stateburg, Borden, Wedgefield,
Oswego, Gadsden, Fort Motte, St. Matthews, Swansea, Woodford, Winnsboro, Pelion,
Steedman, Samaria, Monetta, Batesburg-Leesville, Stoney Hill, Prosperity, Newberry,
Peak, Little Mountain, Slighs, Pomaria, Jenkinsville, Rion, Winnsboro Mills, Simpson,
Smallwood, Ridgeway, Orangeburg, Lexington County, Fairfield County, Calhoun County,
Sumter County, Kershaw County, Saluda County, and Richland County, SC. We can also
offer cheap South Carolina long term care insurance coverage premiums throughout the
Palmetto state, including in Florence, Greenville, Spartanburg, Myrtle Beach, and
Charleston, SC.

Benefit Limit: The number of years that a plan will pay a benefit from the time you get sick.
Benefit limits generally vary from one year to lifetime coverage. The longer the benefit limit, the
greater the protection but the higher the cost.

Inflation Protection: Sometimes called an "inflation rider", this provides you with a way for
your daily benefits to increase over time. Otherwise, the policy may not be sufficient to protect
you many years from now. Long term care insurance policies normally contain riders offering
automatic daily benefit increases of 5 percent each year, either at "simple" or "compounded"
rates.

Elimination Period: Amount of time that you agree to pay out of your own pocket before the
plan (policy) begins to pay. This period normally varies from 0 to 100 days. The 100-day
elimination period will produce the smallest premium cost to you.
Daily Benefit: The maximum amount a policy will pay for one day of care. This can vary from
$50 per day to over $400 per day. You will decide whether to purchase sufficient insurance to
cover all of these costs or only most of them.
Stable Premiums: Premiums that will not be influenced by any change in your age or health, and
will not change during the life of the policy. Insurance companies do reserve the right to change
rates on a statewide basis.
Guaranteed Renewable: The insurance company can't cancel the long term care insurance
policy unless you fail to pay the premium.
Covers Mental Conditions: Covers mental and nervous conditions due to any organic brain
disease, including Alzheimer's Disease.

Exclusions: Exclusions should be minimal and should not adversely affect your stated insurance
protection goals.
No Pre-Existing Conditions: All previous medical history admitted on the long term care
insurance application and is approved for a policy, is of no consequence in the future.
Waiver of Premium: The insurance company allows you to stop paying premiums once you've
begun receiving benefits. There can be waiting periods of up to 90 days before this waiver takes
effect, and it may not be available when home health care is purchased.
No matter what age you are now, it's doubtful that you will pay more over your entire life in total
premiums for long term care insurance than you would pay for only a one year stay in a nursing
home.

The cost of nursing home care has risen at an average rate of 7% per year for the last 15 years.
Today's average cost of care in South Carolina is about $41,000, but inflation rates will propel
this cost much higher. An average inflation rate of 6% over the next twenty years would more
than triple the cost of nursing home care.
Medicare pays for less than 10% of all nursing home costs.

Over 50% of the U.S. population will require long term care at some point.
38% of the 13.5 million Americans currently receiving long term care are between the ages of
18 and 64.
More than 76% of people receiving long term care, receive it in their home or in other community
environments.
Facts
Type of Policy: Facility, Home Health Care, or Comprehensive
Age: The most important element in determining the premium. Naturally the earlier you start
paying for long term care insurance the better.
Long Term Care Insurance (Nursing Care)
There are three levels of nursing care that are covered by a South Carolina long term care
insurance policy:

Custodial care: Care necessary due to a permanent or chronic illness or injury, which is
less intensive, but which may continue indefinitely. This nursing care helps a person perform
activities of daily living or supervises a person if cognitive impairment exists. Many custodial
care situations start with a mild degree of illness which is followed by slow deterioration.
Alzheimer's disease is one example where custodial care is usually needed. Other types of
insurance policies do not offer custodial care benefits. The value of long term care insurance
for you or a family member and protecting a lifetime of created assets is never more evident
than in custodial care nursing services.
Skilled care: Short term nursing care needed after an illness or serious injury. Consists of
rehabilitative and intensive 24 hours per day care.
Intermediate care: Rehabilitative care by a nurse for up to six months and when less than
24-hours per day supervision is needed.
Skilled care: Short term nursing care needed after an illness or serious injury. Consists of
rehabilitative and intensive 24 hours per day care.
Click on the link below to fill out a secure quote request form for a South Carolina long term care
insurance policy that provides excellent health insurance coverage and services at an affordable
cost. Or you can speak with our South Carolina Long Term Care Insurance specialist toll free at
(800) 849-7475 to discuss the policy features in more detail.
Click on the link below to fill out a secure quote request form for a South Carolina long term
care insurance policy that provides excellent health insurance coverage and services at an
affordable cost. Or you can speak with our South Carolina Long Term Care Insurance
specialist toll free at (800) 849-7475 to discuss the policy features in more detail.
Click on the link below to fill out a secure quote request form for a South Carolina long term care
insurance policy that provides excellent health insurance coverage and services at an affordable
cost. Or you can speak with our South Carolina Long Term Care Insurance specialist toll free at
(800) 849-7475 to discuss the features in more detail.
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South Carolina
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Russell-Massey & Company, Inc.
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800-849-7475 toll free
803-779-7854
Serving South Carolina Since 1955
Russell-Massey & Co.
1320 Elmwood Avenue
Columbia, SC 29201
Richland County, SC
Toll Free: (800) 849-7475
Office: (803) 779-7854
Fax: (803) 799-6546
Russell-Massey & Co.
409 Lexington Avenue
Chapin, SC 29036
Lexington County, SC
Office: (803) 941-3650
Fax: (803) 941-3654
Richland County & Lexington County, SC