need for long term care insurance

to protect your assets and income You have worked hard to accumulate assets for your retirement and to pass down to your heirs and/or to help those less fortunate. A long-term illness could wipe out those assets in a very short time. Many people are forced to "spend down" their assets to qualify for Medicaid. Protect your assets now. You deserve to do with them what you desire in the future.

Do you really want to rely on your family members or friends for your day-to-day care? In most families, both spouses work, making it very difficult to provide care for a parent or friend. It is not necessarily that they don't want to care for you, but time, money and life's responsibilities may hinder their ability to care for you and may put additional strains on their lifestyle. Long-term care insurance allows them the choice of caring for you when they can and for how long.

Most people would prefer to stay at home or in an assisted living facility rather than a nursing home. In addition, if you don't have enough assets, or you were forced to spend down your assets to qualify for Medicaid, you will be limited in nursing home choices to those that accept Medicaid patients. Medicaid approved facilities may not provide the quality of care you deserve. Long term care insurance gives you the options you deserve.

Long term care insurance gives you peace of mind. Knowing that if you need care, you not only have adequate insurance to cover the cost, but you can choose where you want to stay. You know that you will not be a burden on your loved ones, and your assets will remain protected. This peace of mind allows you to go to bed at night knowing that you are properly protected.

Do you want family or friends to have to support you financially? Without long term care insurance, you might have to rely on others to decide what kind of care you receive. Long term care insurance affords you the luxury of maintaining control over your financial decisions.

What happens if I need long term care, and then I recuperate? If you choose to spend down your assets and utilize Medicaid, once you recuperate you are impoverished. Long term care insurance can help assure that this does not happen to you.

Medicare only pays for skilled care, and the benefits are usually limited. Don't rely on Medicare to pay for your long term care needs.

Medicaid will pay for some long term care needs, but you must be "impoverished" to qualify. Rules are complicated and vary from state to state. In addition, Medicaid usually only pays for nursing home care. You have limited choices in where your care is provided. With long term care insurance, you can avoid having to rely on Medicaid.

You wouldn't think about going without auto, health, life or homeowners insurance. You should think of long term care insurance the same way. You need to protect your property and your assets. If you experience a long term illness and need care, you could deplete all of your assets. Keep your hard-earned assets. Let the insurance company pay for your long term care needs.