There are three reasons we say long-term care is a national challenge today. First, people are living longer. Secondly, is more of a social reason with families being smaller and moving through out the country. And finally, our health system is not designed to meet the needs of long-term care.
With the Deficit Reduction Act of 2005, the federal government gave us a clear message that it is our responsibility to plan for our own long-term care. This Act makes it more difficult to transfer personal assets in order to qualify for Medicaid. It also rewarded people with passage of the State Partnership Plans.
What is your plan? Could you need care? For younger people, it tends to be accidents. For older people, it's generally medical conditions that have deteriorated over time in additional to acute crisis like strokes and heart attacks.
Let us custom design a long-term care insurance policy that meets your needs and budget. The longer you wait, the higher the premiums will be because they are based on your age when you apply. In addition, you risk not being able to get approved when your apply if there are pre-existing medical conditions.
Why do people purchase LTC insurance? They want to maintain financial security, they want personal choice and freedom of where this care is given, when, and by whom, they want to reduce the negative impact on their family, and just because they love their family. What are your reasons?