Long Term Care »

California has the largest elderly population in the country with 3.3 million residents age 65 or older. Nearly one in four California households are involved in care giving on some level. This huge financial and emotional burden is measured in out- of- pocket costs and lost work.

Today, family members provide 80% of all long- term care at home, according to “Welcome to California Facts”. Nearly one in four California households are involved in care gibing on some level. This huge financial and emotional burden is measured in out- of- pocket costs and lost work.

LTC can cost anywhere from $40,000 to $100,000 a year depending on where you live and the kind of services you need. Costs are expected to triple over the next 20 years. Medicare covers less than 10% of all LTC costs.

The majority of expenses are borne by the individual, their spouses, or family members. These costs can be crushing even for a middle class family with an home and assets, LTC insurance covers the actual costs of care to protect hard-earned family assets, can preserve a person’s independence, and provide peace of mind to a family and loved ones.

More than half of all Americans will need long-term care. For a couple reaching age 65, there is a 75  % chance that one of them will need LTC.

Your probability of needing LTC is actually greater than your likelihood of going to a hospital, having a fire in your homes, or being in an auto accident. Women are most likely to bear more of the care-giving burden since they often outlive their spouses.

Women too will probably need LTC services at the end of their lives.

Because most people are unaware of these probabilities, they incur the risk of being uninsured.

It’s my job to keep you informed and I can help you.


Cravello Insurance Services
411 E. Betteravia Road., Ste. 102 Santa Maria, CA 93454
805-928-7372

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