Long-Term Care Needs Analysis

Why Is There a Need for Long-term Care Insurance? There is a widespread misconception that "Medicare is going to help." Of the $60 billion spent annually, Medicare pays less than 2% of nursing home costs and a limited amount of skilled nursing care in a home care situation. Did you know consumers that have Long Term Care had the choice to receive care in their own home rather than in a nursing facility? Or that you can design your own long-term policy that best fits your needs. Here are few suggestions keep in mind. Choice-There are more features available with long term care insurance that can complicate the policy design and could affect the cost. Cost- Long-term care insurance can seem expensive; it becomes progressively more expensive as one gets older; and, for seniors, premiums are often payable after earned income has stopped. Personal Impact- Unlike most other insurances, the quality of your day-to-day lifestyle may be directly impacted by the long-term care insurance policy choices that you make. Apply now while you are still healthy enough to receive affordable coverage.