Long Term Care Insurance- Are you Covered?

The amazing advances in modern medicine are undeniable and will only continue to improve as time goes on. What does this mean for us? It means, on average, we are all going to live longer. They say a baby that is born today has a life expectancy of 100 years, wow!

The real question is how are we all going to afford those extra years on this planet? What happens if we have to go into some type of assisted living facility, nursing home, or home care situation? Statistics show that more than sixty percent of people over age 65 right now, will need some type of long term care while they are alive. But Medicare will pay for this right? The answer is no.

Please note that long term care insurance comes into play when people have chronic conditions to where they 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.

Most folks don’t believe this sort of thing will ever happen to them or don’t want to believe that it will and so it’s important to understand the subject and to plan accordingly. Just like with other types of insurance, once your health changes, long term care insurance may no longer be available. The good news is that these plans are becoming more and more flexible in nature. Please contact us today to learn more about how long term care insurance can benefit you and your family.

Dustin Cooley
LionShare Insurance Group