Decades ago, few people were aware of Long-Term Care Insurance. Today, most people are aware of the product and the consequences of changing health and aging.
Long-Term Care Insurance pays for the care you need to help with daily activities due to an illness, accident, or the impact of aging. Some people need ongoing semi-skilled or skilled medical services as well. Plus, millions of people suffer from the decline in their memory due to dementia, including Alzheimer's. LTC Insurance pays for the supervisory dementia care these people need.
Health insurance, which includes Medicare and supplements, won't pay for most of this care, leaving the financial burden on the family. Medicaid is available for some people; however, you must have little or no income and assets to qualify.
In many cases, unpaid, untrained, and unprepared family members, often daughters or daughters-in-law, become default caregivers. They must find a way to juggle their career and family with the new role of caregiver for mom or dad.
In fact, over 53 million family caregivers are providing care today - Unpaid Family Caregivers Now Total 53 Million People | LTC News
That leaves Long-Term Care Insurance. Many people have plans and are using their plans to maintain independence.
In 2020 over $11.6 Billion was paid to American families in Long-Term Care Insurance benefits. These benefits help provide care in any setting, including in-home care. LTC Insurance gives your loved ones the time to be family and not caregivers. You will also have access to your choice of quality care in all settings.
Long-Term Care Insurance is medically underwritten and priced based on the age you obtain coverage, in addition to your health, family history, and the amount of benefits you purchase.
Today, most buyers of Long-Term Care Insurance are in their 50s - Majority of LTC Insurance Buyers are in Their 50s | LTC News
You might read that premiums for Long-Term Care Insurance are expensive. The fact is they are very affordable if you purchase a plan younger and when you still enjoy good health Are Long-Term Care Insurance Policies Expensive? | LTC News
Today, there are many options to plan for the costs and burdens that come with getting older and changing health. There are several types of products to choose from, and all of them are custom designed.
Be sure to work with a qualified specialist who works with the top companies. With over 20 years of experience and thousands of clients nationwide, I help families find the best coverage at the best value.
Shop the top companies from one trusted source. Get free and accurate quotes along with professional recommendations - Quote (mccannltc.net)
