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Long term disability can lead to need for long term care policy

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When it comes to dealing with a long term disability, there is nothing worse than not knowing what the future holds. For many, this means months away from work, frequently leading to lost income.

To protect against the ill effects of a long term disability, many people, including our California readers, purchase long term care insurance. This goes a long way in helping with the financial pitfalls of such an accident.

As of 2012, it was estimated that approximately 8.1 million Americans have purchased a long term care insurance policy. This type of policy includes a variety of coverage, often including care in a nursing home or assisted living residence.

Our California readers are well aware of the high cost of a nursing home stay. According to the California Partnership for Long Term Care, the average cost of a one year stay in 2014 is $94,400.

When purchasing long term care insurance, in the hope of protecting against the downfalls of a long term disability, it is important to know what is and is not covered. This will help ensure that there are no problems down the line, such as a denied claim.

The cost of a long term disability can quickly add up for those who do not have outside financial assistance, such as a long term care insurance policy. This story shows why it is important for consumers to consider this coverage.

In the event of a long term care claim being denied, it can be necessary to consult with an experienced attorney so that the next time around comes with no snares and the claim is approved.

Source:  The Sacramento Bee, "Q&A: Gauge the costs, advantages of long-term care" Claudia Buck, Mar. 10, 2014

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