Why Do You Need
Long Term Care Insurance?
As you plan for the future, it's important to be sure you have
the security you need. If you're not sure if you need long term
care insurance, ask yourself these questions:
What about Medicaid and Medicare? Won't they cover my
expenses?
Unfortunately, you probably can't rely completely on government
programs like Medicaid and Medicare for help. These programs can
be hard to qualify for and they only provide limited coverage
for long term care costs. For example, Medicare only pays for
up to 100 days of nursing home care - and you have to be hospitalized
before you can qualify for the benefits. The best protection against
the escalating cost of long term care is your plan for the future.
Could I make it on my savings?
For most people, the answer is no. Even if you have an emergency
fund, today's medical costs and your living expenses can quickly
exhaust your savings. What's more important, you may need your
savings to pay your other day-to-day expenses. 
How does long term care insurance work?
Under a long term care policy, you receive a daily benefit to
cover the cost of a nursing home stay or skilled or custodial
care in your home. Generally, your benefits are paid when you
are unable to handle the normal activities of daily living. You
can also receive benefits if you suffer a cognitive impairment
such as Alzheimer's disease.
Your Options
when considering long term care insurance.
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