| What is Long Term Care Insurance? | | | | Obtaining a Long Term Care Insurance |
| Long term care insurance serves to help | | | | Policy |
| those individuals who need extra care | | | | Many insurance companies offer long term |
| and attention as they age. Long term | | | | care insurance policies. It is always a |
| care insurance helps to take financial | | | | good idea to shop around for the best |
| burden away from family members, and for | | | | rates and coverage when it comes to |
| the individual in need of such care. | | | | purchasing any type of insurance policy, |
| Often, the elderly have very little | | | | but especially when it comes to health |
| income and no "extra" money. Yet, the | | | | insurance. |
| cost of aging itself seems to be rising. | | | | Rates on long term care insurance will |
| Those who can least afford it are | | | | rise as time passes, but in general it |
| expected to pay huge healthcare costs. | | | | is best to purchase a long term care |
| This is why long term care insurance can | | | | insurance policy before the need for |
| be beneficial, and take financial burden | | | | long term care arises. Do as much |
| away from those who cannot afford the | | | | research and obtain as many quotes as |
| high cost of healthcare. A long term | | | | possible when considering a long term |
| care insurance policy may be purchased | | | | care insurance policy. Make sure you |
| at any time, though policies are ideally | | | | know the rate at which the policy will |
| purchased before the need for long term | | | | increase and how much the long term care |
| care arises. | | | | insurance will pay. |
| Paying the Price of Long Term Care | | | | Understanding Your Long Term Care |
| Insurance | | | | Insurance Policy |
| Long term care insurance premiums and | | | | These days, simple insurance policies |
| rates will usually go up as the | | | | are so complicated that you almost need |
| policyholder ages. In some cases, long | | | | a translator to decipher the more |
| term care insurance will not be needed | | | | complex language. It's very important |
| at all. In those cases where long term | | | | that you understand the details of your |
| care is needed, however, long term care | | | | long term care policy, including limits |
| insurance can be invaluable. | | | | and deductibles that are applied to that |
| The price of paying for long term care | | | | policy. If you need help understanding |
| insurance is much less than the cost of | | | | a policy, you can consult with a lawyer. |
| paying for long term care. Healthcare | | | | Do not sign up for a policy unless you |
| these days is very expensive. Long term | | | | understand every detail of that long |
| care, these days, is astronomical. | | | | term care insurance policy. You want to |
| "An average private nursing home room | | | | have all the details before you sign. |
| this year costs over $190 per day. Now, | | | | How Do You Know Long Term Care Insurance |
| to receive 24 hour care at home costs | | | | is Right For You? |
| more than $400 per day. Life expectancy | | | | Long term care insurance is for anyone |
| for women is 80 years, five more than | | | | who does not have an unlimited supply of |
| men. You want to stay in your home as | | | | money, who does not want themselves or |
| long as you can. You want to choose | | | | their family to bear a heavy financial |
| where and how you receive long term care | | | | burden as they age. Long term care |
| as you grow older. About sixty percent | | | | insurance serves to protect you, both |
| of those age 65 and older will need long | | | | financially and health-wise. Long term |
| term care. A third of those receiving | | | | care insurance is a good idea for |
| long term care today are under 65" | | | | anyone, whether they believe they may |
| - Long Term Care web site, July 2006 | | | | need long term care or not. |