Origin Of Long Term Care Insurance

In the early 1980's Medicare started using a system called the diagnosed related group of guidelines for advance payments to hospitals. This has really given hospitals authority and incentive to discharge patients very soon after admission to the hospital.

The hospital gets paid the same whether the patient is in 3 days or 6 days. So the hospital can make more money if they free up the bed space for the next patient. The problem this has caused is that nursing homes have become the recovery place for these patients that were not ready to go back to their homes. The problem with this is that Medicare only pays up to 21 days of skilled nursing care. Therefore, if a patient is not recovered after the 21 days in the nursing home, then the funds come out of the patients estate, provided they have one. Needless to say, it does not take long to eat up one's estate at the nursing home rates.

Insurance companies have just in the last decade recognized this problem and now are offering Long Term Care Insurance. The long term insurance rates vary by geological location, as well as state and local regulations. The premiums are costly, however, a person has to weigh out the advantages and disadvantages to purchasing long term care insurance.

Many people assume that their healthcare provider will cover long term care. Unfortunately Health care insurance covers medical bills, hospital bills and some prescriptions. They do not cover nursing home expenses. The same rule applies for Medicare. Medicare will pay for skilled nursing home care only for patients that are able to fully recover from their injuries or illnesses. Then the myth is that a person can always fall back on Medicaid, but Medicaid is for the people who fall under the low income guidelines and have little or no assets.

If a person can afford long term care insurance, it is highly recommended that they purchase it when they are young, as the rates are substantially lower.

Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers discount long term care insurance, life, auto and home insurance that you can research in your pajamas on his website.

---

Google News Updated : Tue, 14 Oct 2008 11:56:09 GMT Berlusconi Shares Investor Pain With $2 Billion Loss (Update2) - Bloomberg Voice of America Berlusconi Shares Investor Pain With $2 Billion Loss (Update2) Bloomberg - 2 hours ago By Andrew Davis and Lorenzo Totaro Oct. 14 (Bloomberg) -- Prime Minister Silvio Berlusconi promises Italians they won't lose ``even a euro'' of their bank accounts in the current credit crisis. Video: Bush Says He Will Help US Banks AssociatedPress Bush To Speak About $250 Billion Banking Rescue Plan Monday Morning AHN BBC News - Voice of America - The Associated Press - Wall Street Journal all 809 news articles Publ.Date : Tue, 14 Oct 2008 09:46:59 GMT Milk, Sunshine Each Day Keep the Doctor Away - Washington Post ABC News Milk, Sunshine Each Day Keep the Doctor Away Washington Post - 5 hours ago · Kids from newborns to teenagers should take twice as much Vitamin D as previously recommended because it may help prevent serious disease, a leading medical group said yesterday. Video: HealthWatch CBS More tenacious about vitamin D Chicago Tribune Reuters - WBIR-TV - WebMD - eFluxMedia all 656 news articles Publ.Date : Tue, 14 Oct 2008 06:17:28 GMT Kashkari Leaps From Obscurity to Lead Role in US Bank Rescue - Bloomberg New York Daily News Kashkari Leaps From Obscurity to Lead Role in US Bank Rescue Bloomberg - 3 hours ago By Robert Schmidt and Rebecca Christie Oct. 14 (Bloomberg) -- Minutes before Neel Kashkari's public debut as the chief of the US Treasury's financial rescue plan, he sat in a hotel lobby in Washington, unrecognized by many of the international bankers ... What Treasury is planning CNNMoney.com After Historic Rally, Feds To Buy Bank Ownerships WCBS-TV New York Reuters - Bizjournals.com - San Francisco Chronicle - The Associated Press all 1,670 news articles Publ.Date : Tue, 14 Oct 2008 07:57:34 GMT Cambodia: Thailand withdraws troops from border - The Associated Press Washington Post Cambodia: Thailand withdraws troops from border The Associated Press - 2 hours ago PHNOM PENH, Cambodia (AP) - Thai troops retreated from a disputed border zone Tuesday, a Cambodian general said, averting a possible military clash after Cambodia's prime minister issued an ultimatum to Thailand to withdraw by midday. Thai army to maintain troops in disputed area Xinhua Thailand, Cambodia spar over border troop positions AFP AHN - Scotsman - Bernama all 747 news articles Publ.Date : Tue, 14 Oct 2008 09:51:31 GMT Asian, European Markets Continue Upbeat Rally - Washington Post Washington Post Asian, European Markets Continue Upbeat Rally Washington Post - 1 hour ago By Blaine Harden TOKYO, Oct. 14 -- Feverish buying in Japan on Tuesday replaced last week's market panic, as the benchmark Nikkei stock index soared to its largest-ever percentage gain in a single day, up 14.15 percent -- part of a global rally in ... Video: Asia Markets Mostly Up Monday AssociatedPress World Markets Reflect Growing Hope TIME The Associated Press - guardian.co.uk - Bloomberg - MarketWatch all 1,133 news articles Publ.Date : Tue, 14 Oct 2008 10:11:14 GMT North Korea to resume nuclear dismantlement - The Associated Press Voice of America North Korea to resume nuclear dismantlement The Associated Press - 2 hours ago SEOUL, South Korea (AP) - North Korea planned to resume dismantling its nuclear program Tuesday for the first time in two months, days after the United States removed the communist regime from a terrorism blacklist as a reward under a disarmament pact. IAEA: N. Korea disabling set for Tuesday CNN International North Korean foreign minister set for nuclear talks in Moscow RIA Novosti Bloomberg - AFP - New York Times - Daily Nexus all 3,718 news articles Publ.Date : Tue, 14 Oct 2008 09:11:42 GMT House Race Is Shaken by Report of an Affair - New York Times ABC News House Race Is Shaken by Report of an Affair New York Times - 8 hours ago By IAN URBINA WASHINGTON - The Florida congressman who succeeded Mark Foley after he resigned because of a sex scandal is now embroiled in a sex scandal of his own, and has requested a Congressional ethics investigation to clear his name. A Florida (House) Bombshell Washington Post House to investigate lawmaker for alleged affair, ethics lapse CNN The Associated Press - Local10.com - CBS News all 357 news articles Publ.Date : Tue, 14 Oct 2008 03:20:36 GMT RSS Feed Reader Increased Web Site Traffic

PARLOT::Ebooks, Scripts, Websites, and more...

Adsense websites

Eleven Money-Saving Auto Insurance Tips for Senior Drivers

Following a few simple tips and taking these measures will... Read More

Hidden Ways to Cut Car Insurance

Consumers are countering rising gasoline prices and other vehicle operating... Read More

Life Insurance Beneficiaries

Naming a beneficiary for your life insurance policy can be... Read More

What Type of Doctor Should I See Under My HSA?

You can withdraw money from your Health Savings Account (HSA)... Read More

Why Buy Life Insurance?

Love. Yes, that's right. Love for your spouse, children, family,... Read More

Travel Insurance Might Be Just What You Need!

Travel insurance is something that many people haven't considered. Sure,... Read More

Life Insurance Providing Little Protection from Terrorism

Recent statements by the City of London Police Commissioner James... Read More

Disability Insurance For The Long Term

Disability insurance covers you for an extended period of time.... Read More

Cheap Health Insurance Rates and Personal Health Insurance

If you've been out of school for a couple of... Read More

Finding California Truck Insurance

It's very easy to find California truck insurance on the... Read More

High Risk Auto Insurance - How to Lower Rates

How is your driving record lately? Do you have a... Read More

I Was In An Accident, Will My Car Insurance Rates Go Up?

You were on the phone, got distracted and before you... Read More

Which Car Should You Own To Keep Your Insurance Rates Most Affordable?

Do you consider the cost of insurance before you buy... Read More

About Accidental Death Dismemberment Insurance Quote

We don't hear much about getting an accidental death dismemberment... Read More

Term Life And Whole Life Insurance

Which type of policy is best for you, term or... Read More

Independent Insurance Agents Unite! Insurance and Financial Discussion Forums are all the Rage

The online discussion forum has emerged as the medium of... Read More

Filing An Insurance Claim

Everything seemed pretty simple when you purchased that insurance policy.... Read More

5 Strategies To Reduce Your Car Insurance Premiums

Your latest car insurance bill has arrived and it is... Read More

Life Insurance: Why Theres No Need to be a Desperate Housewife

Life insurance looks set to make a comeback in the... Read More

Who Else Wants to Understand Travel Insurance Policy Language?

Aren't all travel insurance plans basically the same?No. When you... Read More

What is Home Insurance?

Home Insurance is designed to provide you with financial protection... Read More

Can I Get Affordable Dental Care?

In the United States most companies offer their employees dental... Read More

Outside Pressures On The Typical Insurance Adjuster

Insurance adjusters are not without outside pressures they must deal... Read More

We Dont Need Another Broker: How To Get The Best Liability Insurance Rates Available

Some business relationships are forged through blood and friendship. When... Read More

Your Cars After-impact Diminished Value

The(ACV)Actual Cash Value Policy DOES NOT insure the property itself... Read More