kya Hai Long Term Care Insurance

kya Hai Long Term Care Insurance

Long Term Care Insurance

With the increasing life expectancy, more people will likely spend a year or longer in some sort of adult care facility. In fact, according to a 2006 Kaiser Foundation study, over five million people ages 18-64 need some type of long-term care (LTC) in their lifetime.

Many people forego LTC insurance because of the price tag. But with a small adjustment to your standard of living today, you can guarantee yourself a more comfortable tomorrow. At InsureMe, we will connect you with agents on our network who can get you the right coverage at a price that won’t break your bank.

Don’t neglect your future happiness to save a few bucks today. Be proactive and ensure you spend your golden years in a dignified manner with LTC insurance.

What is Long-Term Care Insurance?

Long Term care insurance, also known as LTC insurance provides coverage should you need assistance with activities of daily living (ADLs), such as bathing, dressing, and eating. It also covers supervision for those who are mentally impaired. It includes care received in a nursing home, assisted living, adult-daycare facility or at home from a health aide.

Who Should Buy Long-Term Care Insurance?

LTC insurance is not for everyone. If your net worth is extremely high (above 1.5 million, excluding your home), you should be able to afford to pay out of pocket for long-term care. Conversely, if you expect to qualify for Medicaid by the time you’re 65, the government will subsidize the cost of care.

When Should I Buy Long-Term Care Insurance?

Sooner is better. If you’ve just celebrated your 50th birthday, you don’t need to run out and get LTC insurance tomorrow. But it’s time to start weighing your options.

Long-term care is expensive. It can eat into the money you intended for your children or you set aside for retirement.

Get insured today so you’ll never have to worry about the expense of caring for yourself long-term. Your relatives will appreciate the self-provision and your family will love you for it.

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