Long Term Care Insurance:
Long Term Care Insurance is meant to assist you in paying for care services aimed at helping you with normal daily activities, including bathing, moving around, eating. These plans can also include supervision for those suffering from cognitive impairments and degenerative diseases.
While most Americans, over 65 years of age, are eligible for Medicare, Medicare plans provide very limited benefits for Long Term Care Coverage. In which case, Long Term Care Insurance is an ideal option for those looking not to incur the sometimes unwieldy costs of Long Term Care. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. Age is not a determining factor in needing long-term care. About 70 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. About 40% of those receiving long-term care today are between 18 and 64. Once a change of health occurs long-term care insurance may not be available. It is important to review your family medical history and take this into consideration when deciding on a strategy to cover your needs.