How Likely Is It You Might Need Long-Term Care in Your Future?

Do you know what the future holds for you? Sure, you might have dreams and ambitions and plans, but unless you’re clairvoyant and can see clearly everything that will happen, you don’t really know. None of us really knows what the future holds. We may work for 30 or 40 years, invest in a 401(k) and other retirement packages, count on a pension or Social Security, and have goals to travel, take up a new form of art, learn to play a musical instrument, or simply relax around the house, but in the end, there is still that unknown factor. That brings us to the topic of long-term care, have you considered a long-term care insurance quote?

Long-Term Care Insurance Quote Del Mar CA - How Likely Is It You Might Need Long-Term Care in Your Future?

Long-Term Care Insurance Quote Del Mar CA – How Likely Is It You Might Need Long-Term Care in Your Future?

You may not have thought about long-term care for your future. Maybe nobody in your immediate family has ever relied on long-term care, at least to the best of your knowledge.

People incorrectly assume that Medicaid or their primary health insurance will cover long-term care expenses when they reach retirement age and beyond. In truth, Medicaid will only cover one type, usually nursing home care, and only after you have exhausted all your available savings and assets. That can include the equity in your home. As far as primary health insurance coverage, most only cover short-term care.

How long is ‘short-term care?’

Basically a couple of weeks, at most. Anything beyond that, if you have to spend time in a hospital following injuries or major surgery, need nursing home care for several more weeks or a couple of months, or even in-home care for when you return home, it’s going to have to come out of your own pocket.

So, how likely is it that you might need long-term care in the future? The answer to that is not possible to know precisely, but the older people are, the greater their chances of needing long-term care.

So, if you are 70 years of age, there is a 50 percent chance you will require some type of long-term care in the next several years.

That’s why long-term care insurance is so important.

Can you get a long-term care insurance policy if you are 70? It’s possible (but highly unlikely), but the cost may be prohibitive for most. The right time to begin looking into a long-term care insurance policy and a long-term care insurance quote is in your early to mid-50s. If you wait any longer than that, you may run the risk of being denied coverage or it being cost-prohibitive for you.

If you operate under the assumption you will never need any type of long-term care in the future, you are setting yourself up for some major potential problems. That doesn’t mean you will require long-term care in the future. Of course not. But your spouse might. Plus, you have no idea what tomorrow will bring, let alone the next five, 10, or 20 years.

There are many reasons you might need long-term care, including stroke, heart attack, cancer, aneurysm, injuries sustained in an accident, major surgery, and much more. There’s no reason to take chances when you have options available to you like long-term care insurance.

If you or a loved one are considering a Long-Term Care Insurance Quote in Del Mar CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today at (858) 350-3161.

Steve Elliott