Many people think long-term care insurance only covers you if you go into a nursing home, but that is far from true. Long-term care insurance also covers home health aides, assisted-living centers, continuing care communities and many other steps before you go to a nursing home.Many people also mistakenly think that long-term care costs are covered by Medicare, Medicaid, regular health insurance or life insurance policies, but none of them will pay for extended care if you become unable to care for your basic needs or are struck with Alzheimer’s, Parkinson’s or other diseases.

The reality is that nursing homes can easily cost $10,000 a month or more these days, and the financial burden they place on families can be enormous, wiping out decades of asset accumulation. By locking in payment for long-term care when you are younger—typically in your 40’s through 60’s—you will not have to worry that you will deplete all your assets and become a financial burden on your children.

Many people apply for long-term care insurance when they are already infirm and are denied coverage because insurers do not want to cover those with pre-existing conditions. About 40% of the people receiving long-term care benefits are under age 65 because they have become victims of car accidents or debilitating diseases.

Long-Term Care Quote is an objective source to help you find a policy that meets your needs and budget. They are not allied to any individual insurance company, and therefore can present a range of alternatives from several firms. You are under no obligation to buy any policy from them, but they will provide a great deal of educational material so you understand long-term care insurance more thoroughly.

Long-Term Care Quote
www.searchltc.com
1-800-587-3279