Have you considered a long term care insurance policy? If not then you are not alone. Many people do not want to think about the possibility of needing long term care let alone having to buy an insurance policy for extended health care. However, you need to have this policy in place if you want control of your life.
Did you know that the average cost for long term care is sixty thousand dollars a year? And this is the bare minimum care you can expect to have. When your assets run out, and at sixty thousand dollars per year this will be fast, you will become a Medicaid patient.
You do not want to be a Medicaid patient and you do not want your family to have to spend their money taking care of you. Instead, you want to be in control of your future. With a plan in place, you will have say over your long term care. If you have no plan in place and have to turn to the government, then you will have to live where they choose and accept the care they provide.
It is time to shop for this policy if you are fifty or older. Of course the younger you are when you sign up, the less your premiums will cost. But this is not money wasted no matter what age you apply. The reality is that you will spend more for one year of extended care than you would ever spend on insurance premiums.
Most people simply decide to skip this policy because they believe they will never need long term care or if they think they will, they think their relatives will take care of them. Of course you may not need this type of care, or perhaps your family will care for you, but this is insurance, and insurance provides peace of mind.
But it is better to have peace of mind rather than uncertainty. You cannot predict what might happen tomorrow. You might have an injury or disease that will make extended care inevitable. You could have the most loving family in the world, but you cannot count on them having the necessary resources to care for you until the end.
Be prepared for the worst case scenario. Call an experienced long term health care insurance agent today for more information.
For more information on how Long Term Care Insurance can help prepare us as we age. Also you can get a long term care insurance quote. We represent 20 of the top LTCi providers. This gives you tremendous options.
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