There are still some individuals who are firm that they will not need long term care insurance since the government has programs that provide long term care coverage. The existence of Medicaid and Medicare is not enough to feel secured because these programs are very limited and as a matter of fact the latter doesn’t even cover the core of long term care, which is assistance in daily living activities. The cost of long term care services are skyrocketing nowadays and with the aid of ltc insurance, you will have an easy time paying for your expenses. There are other ways to pay for long term care but ltci is the most efficient one. You can continue reading about the different long term care payment options when you visit these websites:
Don’t think you will need Long Term Care Insurance, you may want to think again! Nearly 60 percent of those over age 65 will require at least some type of long-term care services during their lifetime.
What exactly is Long-term care insurance (LTC or LTCI)? It is an insurance product sold in the United States and United Kingdom and helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare or Medicaid.
People who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking. Read more…