Provide for your family and plan for the future with Long Term Care insurance. Review your coverage choices and identify the options which best suit your needs. It's never too early to start planning for your future; protect yourself and your family with LTC coverage.
Planning for The Years Ahead with Long-Term Care Insurance
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As America's Baby Boomers begin to reach their Golden Years, the senior population is expanding at an unparalleled rate. Between the decreasing level of government support and the lack of prolonged coverage offered in a standard major medical health plan, there is an increasing need for long term care insurance. Insurance companies now offer many different plans, and these are becoming increasingly flexible. It is important to choose a good provider and to choose one that suits the unique needs of you and your loved ones.
Design the Perfect Plan for Your Future from a Trusted Provider
Long term care insurance is not the same as regular health insurance, and offers coverage where standard plans fail. It specifically covers your care should you become temporarily or permanently incapacitated due to accident, illness or old age. Coverage includes acute care, (2-3 weeks or a few months at most), chronic care, (episodic and ongoing care for chronic conditions), temporary and ongoing care in a variety of settings. These include in an assisted living facility, a nursing home or in your own home. These are not usually covered by regular health insurance and are covered only very limitedly by Medicare or Medicaid.
Costs for this type of care are very high. The average costs for a course of treatment are around $20,000 for in-home care and around $50,000 for nursing home care. And these estimates are rather low. Long term care can cost as much as $10,000 per month, depending on the level of care needed. Without long term care insurance, all of your assets will have to go to the cost of care. Even for affluent people, this can be a bankrupting expense, depending on the duration of life and level of need. Long term care insurance is one of the very few ways to at least partially avoid this.
It is always a difficult time emotionally, financially and practically when families face these issues. It is also a time when we all feel we are losing control. It is important to become educated about what happens when these things occur and to explore as many insurance options as possible before tragedy strikes.
Long-Term-Care.org is not a long term care insurance broker or carrier, and we cannot issue insurance policies. We are not associated with the companies profiled on Long-Term-Care.org and we make no representation, express or implied, that you will receive a quote from a specific company profiled herein. This site provides free information on insurance providers and coverage options. Products and policies may not be available in all states, and product and policy information is subject to change without notice. Please direct all insurance questions to your insurance company or broker.
