Ohio

7/24/2012

0 Comments

 
Picture
OHIO

While the annual expense for Ohio long term care is less than the US average, it is still a substantial bill that caregivers and their aging loved ones need to address. Semi private nursing home rooms tend to require anywhere between $ 60,000 and $ 70,000 a year while a private one bedroom nursing home can cost as high as $ 75,000 on an annual basis. In addition, home health aides and assisted living in most cases cost around $ 40,000 to $ 50,000 per year.

The Ohio Partnership for Long Term Care insurance program responds to these cost trends by furnishing an insurance option to help OH long term care families finance such extraneous rates. The first feature of the partnership program is inflation protection. The caterings of inflation protection include a mandatory 3 % minimum inflation benefit for policy holders younger than 76 years of age. The second feature is convenience of access to Medicaid, allowing for policy holders to inquire for Medicaid even if their benefits have yet to be diminished. The third feature is a reciprocity agreement, which allows for partnership policies purchased in one state to be made use of in another.

The fourth feature that Ohio long term care offers is unique to OH LTC services. The state of Ohio's partnership program offers Medicaid Asset Protection, which is an outlet for dollar to dollar asset protection. Meaning that if you have a fixed amount of benefit funding, it won't be affected by Medicaid application.

Senior citizens in Ohio encompass 14 % of the total population

Find Ohio long term care agents and representatives in Cincinatti, OH and Columbus, OH

Contact
0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    July 2012

    Categories

    All

    RSS Feed