Understanding Long Term Care Insurance
Many Americans do not plan ahead financially for their long term care needs. Others wrongly assume that Medicare, Medicare supplemental policies or standard health insurance policies will cover the costs of long term care services provided in settings such as nursing facilities or assisted living residences. Consequently, many Americans are needlessly impoverished each year by the costs of long term care.
Long term care insurance is an excellent way to protect yourself from these expenses, and this brochure will help you through the important process of understanding and comparing long term care insurance policies. Finding a good policy will take some effort, but the effort will be worthwhile. To help you start, here are some steps to take when considering the purchase of long term care insurance:
- · Talk to your financial planner or insurance agent about the advantages of long term care insurance in your particular situation.
- · Investigate sources on your own at various websites.
- · Call your state government's Office on Aging or Insurance Department for information.