Long-Term Care Insurance

you've worked our God great life to show for it and you set money for your retirement but sometimes life happens if you get in an accident or develop an illness that makes it impossible for you to care for yourself for an extended. Of time and then one who take care of you and how would you pay for that care wouldn't you like to know you can with long term care insurance long term care insurance means they can get the high quality care you need in the setting of your choice maintain your independence and relieve the financial in caregiving burdens from your family most people don't realize that there's a 70% chance you will need some type of long-term care after 65 and it can be expensive a home health aide cost around $20 per hour that's like hiring a full-time employee at $42,000 a year and a private nursing home can range from $80,000 to $100,000 a year unfortunately many people think their health insurance for a government
program will pay for that but for the most part that's just not true health insurance typically just pays for doctor and hospital bills Medicare only cover short-term skilled nursing home care and Medicaid only pays for your care if your assets are very limited that means you'll most likely be paying for care from your savings or retirement fund fast with long term care insurance which can help protect your retirement nest egg and don't put it off a good time to purchase long term care insurance is when your in your forties or fifties in premiums are affordable and your health is good you may be able to buy long term care insurance through your employer and associations or membership group or because everyone's needs different you can sit down with an agent to ensure you get a plan that works best for your needs and budget dreams of living a full life don't risk spending your money on anything else life happens that's why there's long term care insurance