Supplemental long-term care insurance makes sense – protection from government access!
Answer the following questions for yourself and you'll know if long-term care insurance Castrop-Rauxel makes sense for you:
You don't need supplemental care insurance if…
- …You think long-term care insurance alone is enough!
- …there are no assets worth protecting!
- …your assets are sufficient and you can or/and want to spend them on your care
- …you have enough current income to cover your care needs and don't have to deplete your assets to do so
- …you are convinced that it will always be the others who get hurt and you will not become a nursing case
- …your children should and can cover for you
If you're not sure about any of the above or want to find out if supplemental long-term care insurance makes sense for you, here's some information on how to do it.
Nursing risk increases with age
Due to the increasing average life expectancy, however, the risk of becoming a nursing case also increases. At the age of 75 to 85, every third person becomes a nursing case, from age 90 it hits ca. 61%. The average care time is a little over 8 years.
Compulsory long-term care insurance is only basic provision
The care need and thus also the financial expenditure is differently high, consequently also the achievement from the nursing care insurance differently high turns out. This is paid depending on the degree of care determined by the medical service and is something like basic care in the case of care (partial casco). As a result, the compulsory long-term care insurance only ever covers part of the actual care costs. The remaining costs must therefore be paid by the patient himself. For this purpose, the current income (e.g. B. If the care is to be provided by the patient himself, the following must be used: pensions, rental income or investment income) or if these are not sufficient, assets must be used, either your own or those of your children. However, if used sensibly, supplementary long-term care insurance can prevent this from happening.
What does a place in a nursing home cost??
You can find out for yourself what a nursing place actually costs in your region with just a few details, for example, using the nursing home navigator.
Only the care services are included in the calculated personal contribution, which must be paid by the person in need of care. Consequently, the cost of hairdressing, cosmetics, pedicure, birthday gifts for the grandchild or other everyday things remain a private matter. This means that if you do not have sufficient financial resources, it can be quite a tight squeeze.
Example calculation for a typical course of care
Course of Mr. Meier
Mr. Meier requires nursing assistance at the age of 75. His wife is 72 and can still help him with some things. However, a professional caregiver is necessary in order to be able to cope with all aspects of daily life. However, her two children live an hour's drive away and the Meiers do not want to be a burden on them.
Mr. Meier is classified in care level 2 and thus receives € 689,- per month in state benefits from the compulsory long-term care insurance. This leaves a personal contribution of just under € 800,- per month.
After three years, Mr. Meier's health has deteriorated further. Also with Mrs. Meier however now the "Zipperlein" sets increasingly in. However, Mr. Meier would like to continue to stay at home in familiar surroundings and, after a new examination, the medical service now grants him care level 3.
Three years later, Mrs. Meier is physically no longer able to care for her husband, despite the support of a professional caregiver. Mr. Meier has to go to an inpatient care facility at the age of 81, where he dies after two years.
The care of Mr. Meier has thereby in this period approximately € 121.000,- personal contribution.
Consequences for Mrs. Meier
After about 8 years of sacrificially caring for her husband, Mrs. Meier is now also 80 years old. It is becoming apparent that she will probably also need care in the coming years. Whether their pension will be sufficient for the own contribution, however, is rather questionable. She will probably have to sell her home and therefore cannot bequeath it to her children as she had hoped.