Long term care Insurance
Long term care insurance
Long-term care insurance can help protect your savings, give you more choices for medical care, and make things easier for your family if you need help later in life.
Many People Will Need Care
About 70% of people who turn 65 will need some kind of long-term care in their lifetime.
This can include help with daily needs like bathing, getting dressed, or eating. Medicare usually does not cover this type of care.
Care Can Be Very Expensive
A private room in a nursing home can cost more than \$10,000 per month. Home health care can cost around \$6,675 per month.
Without insurance, these costs can use your retirement savings quickly. You may even have to sell things you own to pay for care.
Helps Protect Your Savings
Long-term care insurance can help protect the money and property you want to leave for your spouse, children, or loved ones.
It may also help you avoid using most of your own money before you can get help from Medicaid.
Gives You More Care Choices
With coverage, you may have more choices for where you receive care. You may be able to get care at home, in assisted living, or in a nursing home.
5. Makes Things Easier for Your Family
It can lower the stress on family members who might otherwise have to care for you or pay for care themselves.
Helps Keep Up with Rising Costs
Some policies include protection against rising prices. This helps your benefits stay useful as care becomes more expensive over time.
Would you like help seeing if long-term care insurance is a good fit for you or your family? I can also help you compare policy options or estimate future care costs in your area.
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