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Apart from its famous outdoor hunting trails and lakes which are, indeed, the best for trout fishing, Nebraska also boast top of the line nursing homes. As opposed to other people’s opinions about the state’s notorious blizzards and windstorms, those who were born and raised here have actually sought Nebraska long term care insurance information already. Meaning to say, Nebraska is a great place to grow old that is why despite the tempting offerings of other places in the US, many Nebraskans are firm on their decision not to live their state. Besides, compared to the cost of long term care in its neighboring states South Dakota and Iowa, Nebraska’s LTC facilities are comparatively lower. While others are paying $21 an hour for a home health aide to assist them in their activities of daily living, elderly Nebraskans are currently forking out only $19 per hour for one. To afford a private room in a nursing home, people in other US states need to put aside at least $85,712 annually or $227,760 at the most. Here in Nebraska, a private room in a nursing home would cost you $68,557 and there are even some that come in much lower rates. By the way, an amazing discovery in Nebraska is that many of its non-profit nursing homes offer excellent medical and custodial care to patients. Despite the significantly lower rates of LTC facilities, Nebraskans nearing the age of retirement aren’t up to be complacent so they have taken the necessary steps in order to be able to clinch the right LTCI policy. Perhaps many of them are aware that 300,000 of the state’s elderly population are solely relying on Medicaid and thus their refusal to be an addition to this number. Through Nebraska long term care insurance information, they get to understand the various options presented to them. Majority of the elderly folks here, think around 90%, prefer to receive care at home and they want a policy that will cover 100% of their LTC expenses. However ideal, they don’t want their nest egg slashed by annual premiums alone so they’re checking out other alternatives. Most of them have been advised by their insurance agents to look into the Nebraska LTCI Partnership Program. This actually came about after the Deficit Reduction Act (DRA) of 2005 was implemented. The partnership program features the dollar-to-dollar asset protection so if you want to save on annual premiums you should go for this type of policy. Even if your policy only provides two-year coverage, you should not fear being left hanging in the air once you have exhausted your insurance benefits because the partnership program qualifies you for Medicaid assistance. As you read through the Nebraska long term care insurance information, you will learn that with the partnership program, you can protect your assets with a total amount equivalent to your maximum benefit as stipulated in your policy. After you have used up your LTC insurance benefits but still require further care, you can apply for Medicaid assistance without spending down your assets. Without the Nebraska LTCI partnership policy, you will have to deplete your assets and actually go on food stamps to get Medicaid to notice you. Learn ways to minimize your long term care insurance premiums at CompleteLongTermCare.com. Visit our website to read Nebraska for long term care insurance information.
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