Should you buy Long Term Care Insurance?
You might be thinking
“Long-term care insurance is complicated, costly and unnecessary. I’m healthy! I have family who will care for me, and I refuse to go into a nursing home, anyway. Medicare and Medicaid will cover care once I need it — why waste money on insurance?”
The odds that you’ll need long-term care are likely greater than you imagine. Seventy percent of all Americans age 65 and older will likely need some form of long-term care.
Read this article From the AARP about 10 Misconceptions About Long-Term Care Insurance.
Do you have any experience with buying Long-term Care Insurance for yourself or a loved one? Tell us about it.
The article is really informative and beneficial for the senior citizens who needs balanced retirement plans.By knowing certain information,they can make decision to have the best long-term care insurance plan for themselves. A long-term care insurance policy is the best way in which you have to pay in advance and that too in fewer amounts in order to combat future’s big financial problems.
Long–term care insurance is one way to pay for long–term care. While LTC insurance may not be the answer for everyone, I strongly feel that all of us needs to have some form of financial strategy to address the threat of high long-term care expenses.