5 Reasons for Considering LTC Insurance
As a Nation, improved longevity is a reality. Enhanced medical care, better diet and exercise, and less invasive medical technology are adding years to our lives. Living longer is a blessing but can propose significant financial worries.
Here are the main reasons to consider protecting yourself by investing in Long-Term Care insurance.
—The odds are in your favor that you will need it.
—The cost of care is steadily rising.
—Family member cannot be counted on. Family sizes are shrinking.
—Self-insuring is not a reasonable option.
—The Government will be trimming benefits, not enhancing them. Assistance is currently being scrutinized for a reduction. The Medicaid program is even more fragile.
The Long-Term Care plans offered today have many options and innovative benefit parameters to help put together an affordable policy to offset these financial woes. There are even plans that offer your premiums back. Regardless of how you tackle this problem, you must act before a health problem arises. It is MUCH less expensive to seek this protection BEFORE poor health makes it difficult or impossible to purchase.
You will never save money by waiting until you are older, even though you will pay premiums longer statistically before you need the benefit. And the healthier you are the less you will have to pay for premiums. Be smart, plan ahead.
Editor’s Note: This article was submitted by Rosemarie Hurley, President of Senior Insurance Solutions, 239-274-6678, www.longtermcareinsurance-online.com