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More than 50% of Americans will need some form of long-term care, either home care or institutional care, at some point in their lives.* This includes a variety of services for people who cannot care for themselves, ranging from help with meal preparation and housekeeping to care by a registered nurse. Long term care can be provided in a number of settings, including the home, an adult day care or assisted living facility, or a nursing home.
While it is often thought that long term care is only needed during the last stages of the aging process, 40% of those who need long term care are working-age adults who need care because of stroke, heart disease, cancer, disabling injuries, or mental impairments.*
The average cost of nursing home care is currently over $60,000 per year,* and Medicare and private medical insurance plans do not provide coverage for these costs. For people who would rather not deplete their savings to pay these potential expenses, long-term care insurance can be the perfect solution.
The Future Guard Group Long Term Care Insurance Plan is underwritten by Continental Casualty Company, a CNA member company, and administered by GLTC Insurance Administrators, Inc. It takes the large-employer group plan offered by CNA to major corporations and makes it available to other employers, labor unions, association groups, and credit unions.
* U. S. Department of Health and Human Services
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