Five Reasons You Should Think About Long Term Care Insurance
70% of people turning 65 can expect to use some form of long-term care during their lives. 90% of those who receive long-term care assistance live at home or in a community setting. These stats are pretty sobering and yet most of us are not really prepared to have to pay for outside help for 10 or possibly 20 years during retirement. In fact, many people believe assisted living is covered by Medicare. 57% of people surveyed said they plan to rely on Medicare to help pay for any senior care they might need. However, while Medicare is available to help with short-term personal health coverage or pharmaceuticals, it is not available to pay for assisted living in most cases. And Medicaid is only available [...]
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