Questions to Ask When Looking to Purchase Long-Term Care

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As you or a loved one transition into your elder years, you may need more help with daily living than in the past. If you require assistance with tasks like cooking, administering medication, or other everyday activities, you may need long-term care. There are many aspects of the coverage to inquire about, and many people don’t know where to start. Allow us to clear some of that up.

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Does Medicaid Cover Long-Term Care Costs?

Does Medicaid Cover Long-Term Care Costs?Preparing for old age may seem like a dismal task, but it is an inevitability that we all must prepare for. When you’ve reached your senior years and you start requiring assistance for performing simple everyday tasks, then you should start looking into long-term care insurance. Without some type of policy, long-term care is expensive, and can even threaten your life savings. Fortunately, if you are eligible, Medicaid can help cover the costs of some long-term care. To better prepare for the future, it is important to understand long-term care and what types of care Medicaid will cover.   [Read more…]

At What Age Should You Apply for Long-Term Care?

At What Age Should You Apply for Long-Term CareThe thought of getting to your senior years can be nerve-racking, especially when there’s a chance you may require assistance performing simple, everyday tasks. The cost of these services can add up quickly and may even threaten your life savings. Fortunately, there is insurance to help cover the costs of long-term care. To plan for a bright future, you must understand what is covered in this policy and how far in advance you need to apply for long-term care. [Read more…]

Acute Care vs Long Term Care: What You Need to Know

Most people do not plan for or do not think they will need long-term care. However, 70% of people turning age 65 can expect to use some form of long-term care during their lives, according to the U.S. Department of Health and Human Services. Most people believe that they can save enough on their own to cover the costs. This can be very expensive and may endanger your retirement or other savings. Planning ahead for long-term care has real benefits for you and your loved ones. [Read more…]

10 Long-Term Care Insurance Questions to Ask Before You Buy

Two out of five Americans will eventually needs long-term care at some point in their lives. Long-term care insurance covers [Read more…]