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Long-term care situation and long-term care insurance in Hawaii in an aging society

Long-Term Care in Hawaii and Long-Term Care Insurance in an Aging Society

We may not realize it when we are healthy, but at some point in our lives, we will need long-term care.　
Long-term care insurance can help you in such a case.

According to data from the National Association of Insurance Commissioners (NAIC™),]
＊ 70% of U.S. residents who have reached age 65 feel that they will need some type of long-term care at least once in their lives. feel that they will need some type of long-term care at least once in their lives.
＊ Of U.S. residents who have reached age 65, 35% feel that they will be in a nursing home at least once in their lives
.
＊ A person at age 65 has an average of 19 ． 4 years （ remaining life expectancy for women 20 ． 6 years and 18 years for men ） The longer a person lives, the greater the need for
nursing care, including chronic illness.

[The cost of care when you need it ？ ] Data by NAIC
＊ Home Health Care (Home Care ） : Licensed Caregiver （ Certified Nurse Aid ） Home Health Care by
＝ $ 25/H x 6H x 5 days x 4 weeks = $ 3000 / month
＊ Assisted Living Facility （ Assisted ・ Living Facility ） ： As of 2018, monthly ＄ 4000, yearly ＄ 48000
＊ Nursing Home （ Nursing Home ） ： As of 2018 Annual ＄ 89 ， 297

（ Note 1 ） Hawaii's cost of care is higher than other states.　
（ Note 2 ） Japan's long-term care insurance system is administered by the government, but in the U.S., individuals must purchase their own insurance.
（ Note 3 ） Medicare enrollees are covered for up to 100 days if coverage is approved, but the first 20 days are 100% covered,
after that it is CO-PAY. Benefit Policy ( Long-term care insurance with a greater need than life insurance ）
3 ． Stand - Alone Policy ( People who do not need life insurance but need long-term care insurance ）

【 Two types of
1 ． Reimbursement （ Reimbursement ） ： The insurance company generally pays
claims directly to nursing homes for expenses deemed necessary for care.
2 2 2 ． Cash Indemnity （ Cash ・ Indemnity ） ： 100% of the amount of the long-term care insurance policy is received by the person in cash from the insurance company and can be used for
long-term care expenses or other purposes

Long-term care insurance was introduced in the 1980s as the cost of long-term care rose, and Nationwide research shows that 74%
of people in their 50s would like to live at home as long as possible in the future, but this is not always the case, depending on the person's wishes. However, there are those who cannot meet their wishes and those who have difficulty
providing care at home.
In addition, there are those for whom long-term care insurance is not suitable.　The average age for joining long-term care insurance is currently 59 years old.

There are various cases, so if you have any questions, please feel free to contact us so that we can guide you according to your case.

[Contact]

• ヒラタ ・コンサルティング
• 711 Kapiolani Blvd. Suite 1420, Honolulu, HI, 96813 US
• [TEL]+1 (808) 387-1148

We are a licensed Hawaii Real Estate Broker ・ and handle the buying and selling of real estate in the state of Hawaii, including ・ individual life insurance ） annuities ・ long-term care insurance ・ 401K, IRA rollovers, and more. In addition, we provide individual and family oriented guidance on the most beneficial ways to apply for Social ・ Security benefits. (NARSSA Member ： National Association of Registered Social Security Analysts )