If you have an accident or illness, are not able to work or take care of
yourself over a considerable period of time, what are you plans?
Do you have
enough income put aside to pay out of pocket for a caregiver? In the year
2006 a nursing home in Illinois cost $6000 a month! How could I maintain my home
plus other living expenses and still pay for a caregiver?
These are the issues that I asked myself after watching both my parents
needing assistance in their 80's.
Thank goodness they had the foresight to
take out long term health care when they were healthy. They were one of the
few of their friends who had the foresight at the age of 60.
When we saw what happened to my father and the burden it would have placed
on my mother without the long term care, both my brother and I immediately
took out policies.
I was thinking of long term home care insurance as analogous to being a
homeowner. I have flood insurance and replacement insurance in case my home
burns or floods because I could not pay out of pocket to replace it in
today's inflated dollars. If I would take out home insurance why would I not
get insurance that would take care of me - my body that houses the essence
of me?
Then I started thinking about a couple of other issues. I did not want to be
a financial burden to my adult children. It would be irresponsible of me to
expect them to take me into their home if I could not take care of myself.
What would be left would be a nursing home. The thought of a nursing home is
what tipped the scales for me.
My former husband is a physician, I am very familiar with the
inner workings of a nursing home. I am petrified of winding up in one of
these facilities.
Being able to stay in the comforts of my own home with a caretaker of my
choice is the only answer I could come up with. Therefore, I see Long Term
Insurance as a necessity.
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We have research and explored every possible question that you may have about long term care. There are over
52 articles to read loaded with up-to-date information and tips.
Long term care policies vary and each one has its own benefits and quirks. Learn about
what to look for and strategies on how to compare benefits. Find out what is the best long term care insurance for you.
LTCI rates vary from policy to policy. Read about the criteria on which the rates are based.
Continue reading the information about the long term care insurance rate.
Each policy has different coverage. Learn what is available so that you can pick the policy that is best for you.
Continue to read this guideline on long term care policy benefits.
Know what to look for when picking out a long term care facility. Long Term Care Review had
a nurse who worked in a facility for 8 years write the articles.
Find out what kind of long term care facility is best for you.
Where you can purchase your policy and who to buy from is important.
Read tips on how to determine reputable companies who offer a long term care insurance policy.
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