Long Term Care Insurance can be a critical part of your financial plan. More of us are living longer and will require some assistance as we age. Sometimes, that assistance will be minimal. Other times however, a chronic condition like Alzheimer's or Parkinson's Disease will require full-time, skilled nursing care. Most of us will not be able to put enough aside for the future to pay for an extended period of need. Relying on family can be difficult as well. Caring for aging parents can be a difficult emotional and financial burden for sons and daughters.
Current national averages indicate that you can expect to pay about $5,000 each month if you require the services of a nursing facility. The same reports indicate that you'll pay around $2,500 per month for Home Health Services or to stay in an Assisted Living Facility. At those rates, it won't take most of us very long to drain our retirement accounts or exhaust our fixed incomes. Long Term Care Insurance can be an affordable solution for those of us not lucky enough to amass the assets necessary to carry us through our period of need - especially if you buy when you're young.
|Long Term Care Policies Can Provide Coverage for:|
|Long Term Care Services Can be Provided at Different Places:|