You’ve probably heard the expression, “What you don’t know can’t hurt you.” In reality, it’s the things you don’t know that can actually hurt you. That is especially true when it comes to the future and, for the purposes of this blog, long-term care insurance. Get a long-term care insurance quote for the possible unthought of idea of long-term care.
Most people have never heard about long-term care insurance. They don’t even think much about it, even when they do hear about it. Right now, this may very well be one of the first times you have come across the topic of long-term care insurance.
Even though you may not know very much about it, if anything at all, that doesn’t mean you won’t be hurt if you ignore it. If you are in your mid 50’s, for example, you are in the prime age spot to consider a long-term care insurance policy.
If you ignore it, if you assume you are never going to need it, that long-term care is not something in your future, you could be setting yourself up for a major mistake in life.
Think about the cost of long-term care.
There are many different types of long-term care available to most people. Home care is arguably one of the most popular because it allows men and women to remain home, where they are most comfortable.
There is also independent living, assisted living, and nursing home care. If you have never thought about how much it would cost you in the event you required long-term care in your 70s, for example, why not?
Do you assume your health insurance or Medicaid will cover those expenses?
If you do, you are actually like a lot of Americans. They incorrectly assume that long-term care costs are simply going to be covered by their primary health insurance company or that the federal government, through Medicaid, will pay for them.
All of these people who make these assumptions ultimately realize, far too late, that the federal government is not going to cover any of those expenses until all of their available assets have been used up.
This is often a shock to the system. And, for those who have retirement savings, investments, or even own their home outright, they learn too late why they should have looked into long-term care insurance.
Most health insurance providers only provide coverage for short-term care. That might include a few weeks or, at best, a couple of months. What if you need to spend a year in a nursing home recovering from a stroke? If you live in Alaska, that could cost you more than $300,000. That doesn’t even factor in inflation and other details.
You see, what you don’t know can hurt you, so inquire about a long-term care insurance quote.
Right now is the perfect time to learn more about long-term care insurance, what different types of long-term care are available, and how to protect yourself, your savings, and your investments during those blessed retirement years. Don’t play ignorant when it comes to your future, not when you now know something, even the tiniest bit, about long-term care insurance.
If you or a loved-one are considering Long-Term Care Insurance Quote in Encinitas CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
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