| If you are like most people, you do not want | | | | If you are forced to go into assisted living |
| to be a burden to your loved ones as you age. | | | | because of an illness or disability, you will |
| As people are now living longer than ever | | | | have to pay for any care out of your savings. |
| before, many are living until their children | | | | Medicare will only cover a small portion of |
| approach retirement age. The last thing any | | | | the care that you receive. The rest will have |
| parent wants to do is to burden their own | | | | to come out of your own pocket. Once your |
| children with their care. | | | | savings are depleted, you will have to apply |
| | | | for public aid. This may require you to be |
| You and your spouse have a 70 percent chance | | | | transferred to an assisted care facility that |
| that one of you will need long term care at | | | | does not offer the quality as those that are |
| least once in your lifetime. If you do not | | | | privately funded. |
| have a spouse, you have a 40 percent chance | | | | |
| of developing some condition that will | | | | It will ease the burden on your children |
| require you to have long term care. This can | | | | |
| happen at any time in your life - do you | | | | Your children will not want to see you in a |
| really want it to eat away all of your | | | | facility where they feel you are not well |
| savings? | | | | cared for and may try to take care of you |
| | | | themselves. This will be a burden on them, |
| Some reasons for getting long term care | | | | whether or not they admit it. As parents, we |
| insurance are as follows: | | | | never want to do anything to harm our |
| | | | children, even in our old age. We do not want |
| It will pay benefits that your insurance or | | | | them burdened with our care. If we have long |
| Medicare will not | | | | term care insurance, we do not have to worry |
| | | | about being a burden to our children. We can |
| After getting out of the hospital, you may | | | | stay in comfort at a long term care facility |
| end up at a rehabilitation facility for a few | | | | that is close to their homes. |
| months. While your insurance will cover some | | | | |
| of these costs, they will not cover all of | | | | Long term care insurance can provide for you |
| the costs. What they do not cover you will | | | | whenever you need long term care. You can |
| end up paying out of pocket. This can take | | | | choose from a variety of different plans and |
| away most, if not all, of your savings. When | | | | the cost will be determined by your age and |
| you have long term care insurance, you can | | | | general health. Long term care can insure |
| rely on this to pick up what your insurance | | | | that you get the best care, that you do not |
| company will not cover. | | | | burden your children and that you do not have |
| | | | to use all of your hard earned savings paying |
| It will enable you quality care | | | | for long term care. |
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