This is a very pressing topic and one that everyone should be aware of. It's obvious the cost of healthcare, whether short term or long term, is going through the roof. Long term care may not be for everyone, which is why you need to do your research.
There is a lot to learn about long term care, but a couple important things to consider when deciding if long term care insurance is right for you or your family:
1 - Select the Maximum Monthly Benefit
2 - Select the Benefit Period
3 - Select the Deductible Period
These are the only required benefit selections for any long term care insurance. provider. Don't get confused with all the other selections. Do your research, talk to friends who have gone through the process. More resources and tips can be found at ltcconnects.com
Ianof WA4:03PM July 09, 2008
Schneider & Shulman Associates (ssltc.com) are Long Term Care Insurance Specialists who will provide policy and planning information at no charge. There is no charge or obligation to call them for any information regarding Long Term Care Insurance solutions. Call toll free: 1 877 View LTC
David Shulmanof NY2:02PM July 01, 2008
This story an important question our country must consider: How can we ensure that all Americans who need long-term care, not just those with insurance, can the services they need at a price they can afford?
Right now, millions of us face filial and financial strains when we or someone we love needs long-term care. Despite individuals' considerable efforts and substantial public expenditures, many are still left struggling with unmet needs and catastrophic costs. It is simply unaffordable to care.
Long-term care insurance isn't the sole solution. Only one in five American can afford the long-term care insurance policy needed to meet their needs.And even if everyone purchased the best private coverage he or she could afford, Medicaid costs still would increase about fivefold by 2045. This is simply unsustainable.
What our country needs is a national insurance trust whose premiums provide cash benefits to pay for long-term care expenses. When we are well, we would pay premiums like we do for car or health insurance. When we needed help, we could receive cash benefits to hire an aide, pay a family member who misses work to help us or order groceries to be delivered. Based on sound financial principles, this plan would give us more choice and control over our lives.
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Ian of WA 4:03PM July 09, 2008
David Shulman of NY 2:02PM July 01, 2008
Sarah Mashburn of DC 10:41AM July 01, 2008