3.   The Only Obvious Answer Is, Long Term Care Insurance May Be The Only Answer! 

Only deal with A rated or above companies....you want them to be there when you need the covered benefits of your policy.

Ask Yourself, Will My Coverage Be Sufficient?
Nursing home costs are projected to rise by a least 5.6 percent a year.

When Is A Good Time To Buy  Long Term Care Insurance?
Purchase coverage as soon as possible when there is a family history of chronic diseases. 
Premiums go up with age. A plan that costs $1,500 per year for a 50 year old will cost a 60 year old $3,000
and a 70 year old $7,500.

Qualifying For Benefits
The criteria for benefit payment is usually that you are unable to perform a specified number of  "activities of daily living": i.e. bathing, dressing, eating, getting from a bed to a chair, remaining continent, using a toilet, and walking.

Some insurers require that you be screened by their own physician, whose primary charge may be to keep claims under control.

Policy Elimination Periods
Elimination periods of 20, 30, 60, 90, or 100 days during which you must pay for nursing home care out of your own pocket are the norm. The longer the elimination period, the lower the premium. Lifetime coverage is available and should be considered early when a family history of  chronic diseases is present.


next > Step ^-Learn About Your LTC Needs!