HBI Insurance Services

Important update - May, 2010 - Herman Bruns was recognized as one of the top ten leading LTCi producers in Georgia in 2008 and then again in 2009, according to the American Association for Long Term Care Insurance. For more info, go to www.aaltci.org

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Nobody relishes the idea of spending his or her sunset years in a nursing home. Nevertheless, it's something we all need to think about. Fact is, long-term care — whether it's in a nursing home, assisted-living facility or even in our own home, is breathtakingly expensive, and without careful planning, you may exhaust your assets trying to pay the bills. These days, the average cost for one year's stay in a nursing home is $75,190 ($206 per day), according to the Metlife Mature Market Institute. And in some areas it can be much more than that. In Stamford, Conn., for example, the average cost is $125,560 ($344 per day). These figures are expected to almost triple over the next 20 years (assuming a 5% rate of inflation in long-term-care costs).

For some of us, the financial solution lies in long-term-care (LTC) insurance. Long-term-care policies charge a fixed monthly premium based (in part) on your age when you sign up. As long as you keep paying the bills, you're covered — regardless of changes in your health and advancing age. The premiums are much lower if you buy the policy at a relatively young age (i.e., your mid to late 50s to early 60s), since younger people are unlikely to incur long-term-care expenses anytime soon. But if you wait until an advanced age to buy a policy, you'll pay through the nose. And if you have a serious medical condition or bad medical history, you may be unable to find coverage at any price.

We would be happy to help you decide if a LTC plan is right for you and help you build a solution that will match your needs for coverage and budget. Our philosophy is that some LTC coverage is always better than none at all. By shopping all the top carriers in the country, we can guarantee the best plans and rates.

Alternatives to LTC insurance include "Linked Benefit" plans, which are life insurance products with LTC benefits built in, and also Annuities with LTC features.We can help you with all the options.

The top carriers in the country for LTCi are Genworth Financial, John Hancock, MetLife, Assurity, Prudential, Mutual of Omaha, and others. 

Determine the cost of care on your own  (This is an interactive file that lets you graphically show how much money you need to set aside today to fund a long term care need in the future...VERY COOL)

What are LTC Costs in your state?  (interactive map showing costs by state)

Click here for a unbiased Guide to LTCi 

Click here for simplified LTC plan design options

Good LTC reading material:

LTC reprint #1 Insurance for the Long Haul

LTC reprint #2 WSJ Smart Money Article

LTC reprint #3 Negative Inheritance Article

How much do you really know about Long Term Care?

Are you prepared to pay for LTC?

10 key considerations for purchasing LTCi

2008 Cost of Care

LTC alternative - Funny read!!!!!.

What does health care reform mean to LTC?

Go to our blog site for some LTC discussion.

 Top carriers: