Life Insurance Advice
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Five Basic Types of Policies
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Reducing Insurance Costs

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Life Insurance and Estate Planning

Terms You Need To Know

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Long-Term Healthcare Insurance Is It Right for You?

You may have heard a lot about insurance at work or in the media, but with all the different kinds of insurance floating around, its easy to get confused about what you really need.  You may be less familiar with long-term healthcare insurance than you are of other types. 

But if youre like the average American, youll probably live to be at least 77 years old, so long-term care will be important for your future.  Its vital that you make decisions about your upcoming care as soon as possible.  So, lets take a look at a few important questions you may have.

What is long-term healthcare insurance?  Think of it as insurance that covers the cost of healthcare for people with chronic illness or disabilities.  It can cover nursing homes, assisted living facilities and in-home care (such as bathing and dressing).  These costs arent covered by Medicare or most other private insurance companies.  Medicaid does cover these costs, but youll have to use up most of your savings and assets in order to qualify for Medicaid.

Disclaimer:  The information provided in this site is not legal advice, but general information on financial issues commonly encountered. We shall not be liable for any errors in the content or for any actions taken in reliance thereon. Please consult your financial advisor.



While the information contained in this document is thought to be accurate,
it should not be used as a substitute for legal advice.

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