LTC is an insurance product provide for the cost of long-term care for older age people, and Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.
For millions of Americans,celebrating an 80th,90th and even a 100th birthday is increasingly likely. When you live a longlife,there is a very high risk you will need the type of care that's referred to as long-term care.
Needing long term care places an enormous emotional and physical strain on loved ones and family members.That's why having a plan is so important. Incorporating long-term care(LTC) insurance into your financial plan can help you protect your assets. It can reduce the burden of care that would otherwise fall on family members and enable you to receive care in the setting you most prefer, including your home .
You will never be younger or healthier than you are today.That's the reason to start planning now when you have the most options.The average age for new individual long term care insurance applicants is 57; an age when many are able to qualify for good health discounts. This discount reduces costs and remains even if your health changes.
