Why are we talking about Long Term Care in an Auto & Home Owner Insurance blog?
For one, because hardly anyone else is talking about it.
Secondly, if you are age 50 or over, you need to consider buying it.
If you become sick and need a nursing home it currently costs about $65,000 per year for a private room in a nursing home. Do you have that money sitting in a savings account?
Even if you do, your money is more wisely leveraged buying long term care insurance.
Medicare does very little when it comes to paying for long term care.
The Medicaid program pays only after you have already spent nearly every asset and savings you own.
The best solution is to buy Arizona Long Term Care Insurance
Keep in mind, the cost of nursing homes and long term care assistance is going up, and fast.
If you do not buy LTC insurance, you are taking the chance on saving your entire life only to lose most or all of what you have in the final couple years of your life - spending it on nursing home care.
The odds of needing some sort of Long Term Care? About 50%.
If the lottery were 50%, we would be thrilled. But these are the types of odds in LTC that you would rather avoid.
If you are married and both of you are 65 or over, the odds increase to 75% that one of you will need LTC.
Do the prudent thing and seek a quote for Arizona Long Term Care Insurance
