Kansas Long Term Care Costs Exceed Inflation
By simply glancing at the figures referring to Kansas long term care costs, you will most likely think that you’ll be able to get affordable care in this part of the country. Now if you look closer and check how much they have increased in the past six years, maybe you’ll change your mind.
Just like in any part of America, long term care (LTC) in Kansas is getting expensive year after year. As a matter of fact, the cost of LTC facilities in this state is climbing faster than the national average, plus it has gone beyond the inflation rate which is close to 3%.
The median monthly rate of assisted living facilities in Kansas is $3,518 which is a big jump from $3,271, or a 7% increase in a period of six years according to the Genworth Financial. Meanwhile, the cost of a private room in nursing home has increased 5% over the same period as opposed to 4% nationally.
Only the cost of in-home care has managed to stay flat if this is of any consolation to Kansans. Both homemaker services and home health aide services have only increased 1% over a six-year period.
Although Kansas, which is situated in the Midwestern area, gamely participates in the race of expensive LTC states it would be pointless to leave and migrate to another state because you will inevitably experience the same problem.
Nobody can escape the high cost of care and this is the reason it is treated as a very serious issue by the government. Unfortunately, not many people have secured LTC plans because majority of them still stick to the belief that Medicaid and Medicare will be there for them when the need for care arises.
Kansas Long Term Care Costs
Long term care insurance (LTCI) companies and various state government agencies in Kansas work hand in hand to encourage everybody to prepare their LTC needs via an LTCI policy that qualifies for the benefits of the LTC Partnership Program.
Not many people are willing to put their money into an LTCI policy because they believe that doing so will only wipe out their assets in no time. Reports about premium hikes have all the more discouraged many Kansans from planning their future using this type of insurance product.
Although they have a point for dismissing a standard LTCI policy, the uninsured folks of Kansas should understand that there are more reasons to look into a Kansas Partnership LTCI policy.
With this kind of LTCI product, an individual can settle for a small benefit amount and a shorter benefit period to save on his annual premium. Should he need ongoing care after having exhausted the benefits of his policy, he can apply for Medicaid coverage without spending down the total amount of his assets that is equivalent to the amount of benefits which he was able to receive from his policy.
Regardless of what most people think, it’s only with an LTCI policy that you can beat the unbearable Kansas long term care costs. Get in touch with your LTCI broker today.
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