subject: Why Should I Get Long Term Health Care? [print this page] Let's not create a burden for our children in the future. Long Term Health Care insurance prevents financial burdens on our family in care of illness in the future.
You and your spouse have a 70 percent chance that one of you will need long term care at least once in your lifetime. Those without a spouse have a greater need for Long Term Health Care than those with a spouse. This can happen at any time in your life - you don't want to eat away your savings?
After the hospital, you may require some long term rehabilitation. Insurance will only cover some of the costs. not all of them. What they do not cover you will end up paying out of pocket. This can take away most, if not all, of your savings. Long Term Health Care covers everything that your insurance will not.
If you are forced to go into assisted living because of an illness or disability, you will have to pay for any care out of your savings. Medicare will only cover a small portion of the care that you receive. Extra monies will come out of your pocket. Once your savings are depleted, you will have to apply for public aid. This may require you to be transferred to an assisted care facility that does not offer the quality as those that are privately funded.
Your children will not want to see you in a facility where they feel you are not well cared for and may try to take care of you themselves. This will be a burden on them, whether or not they admit it. As parents, we never want to do anything to harm our children, even in our old age. We do not want them burdened with our care. If we have long term care insurance, we do not have to worry about being a burden to our children. We can stay in comfort at a long term care facility that is close to their homes.
Long term care insurance can provide for you whenever you need long term care. You can choose from a variety of different plans and the cost will be determined by your age and general health. Long Term Health Care will make sure you are protected in case of illness in the future.
