Four reasons you need long-term care insurance

If you are a certain age and you are healthy, active and happy, you might not be thinking about something like long-term care insurance.

But the fact is, about half of retirees end up needing it at some point in their lives. And the other fact is, it is expensive. Here are four reasons you need long-term care insurance. Read on:

Health care won’t cut it for long-term care insurance

The fact is, many health insurance plans simply won’t cover care for conditions like Alzheimer’s, dementia, disabilities or other chronic illnesses. And Medicare/Medicaid won’t either, as it really only covers things like short nursing home or rehabilitation center stays. And if you need long-term care or assistance, you’ll have to be low income, meaning all your assets are gone.

It protects your assets

To that end, no one wants to see their hard-earned savings dwindle, paying for something like a chronic condition, a disability or memory care. And you can protect your assets with insurance!

It’s peace of mind

Maybe you’ll beat the odds and live a long, healthy life and die peacefully in your bed. But maybe you won’t. And don’t you want your family to have a plan on how to pay for your care and not stress about finances? That’s what this type of specialized insurance does. It buys peace of mind.

It means better care

Generally speaking, if you have good long-term care insurance, you can choose where you go and who provides your care. That usually means better quality of care for you or your spouse. And the younger you get this type of insurance the better, as that can save you money due to lower premiums.

Skip Ivery Agency

At the Skip Ivery Agency, we can help you with any questions or concerns you might have about long-term care insurance. Contact us today.