Long Term Care Insurance

Reasons Everyone Needs Long Term Care Insurance

Growing older used to only scare you because of the wrinkles and the sagging – less thought of was long term care insurance. But as you begin to actually care for your parents and other elderly relatives, you might realize that things are far more complicated than that. People need long term care insurance these days more and more with the constant developments in medicine and in health care. You’re going to reach your formidable years eventually – why not be ready for anything?

You’ll Live Longer Than You Think

One of the main reasons why you really do need long term care insurance is that you will be around longer than you think. Even those with poor diet and exercise habits are sticking around into their seventies and eighties. This is partly due to better medicines and diagnostic tests, and it’s also partly because humans have evolved into creatures that can live for longer periods of time. But since you’re living longer, the chances of you needing long term care also increase. Though it used to be that you may have died after a short illness, that illness may now be treated over the course of months or years with success or failure – either way, you need to pay for these costs.

You Want Your Spouse to Live Comfortably

Paying for medical care is no joy of retirement. And if you’re concerned that you might need this type of care, you may want to purchase long term care insurance. This way, your spouse doesn’t have to fret about bills and about making more money to pay for your care. They can live comfortably and focus on being with you and attending to you as much as they can.

You Don’t Want to Dip into Your Retirement

Along the same vein, long term care insurance allows you to manage those medical costs without having to dip into any savings that you were setting aside. This way, your spouse and your family can continue to live normally and still have funds after your death. Medical costs can pile up quickly, which is why having as many plans in place right now is the best way to avoid unexpected bills and costs.

Senior Health Plans Don’t Cover Everything

And the truth is that things like Medicare simply don’t pay for everything you might need as you grow older. Long term care insurance can help to fill in those gaps, especially when you need around the clock care from medical professionals. If you should need in house care, you can use the benefits of the insurance to obtain this, allowing you and your spouse to stay in your own home.

Having long term care insurance doesn’t necessarily mean that you’ll use it, but instead of worrying about the ‘what ifs,’ you can focus on the ‘right nows.’ And you can begin to enjoy growing older instead of fearing what might happen next (and how you will pay for it).

Hodges & Company will shop the market to find the best long term care plan for you.

Contact them today, 1.866.993.9710 or 713.993.9710.

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