It is easy to believe that long-term care insurance is something that is only for elderly individuals. However, nothing could be further from the truth. This is something that people of all ages should consider, regardless of where they live.
From one side of the country to the next, the Affordable Care Act has a lot of people focused on medical insurance and how it will impact them now and in the future. For this reason, many are overlooking the importance of other types of insurance.
Our California readers, much the same as those in the other 49 states, may be aware that November is Long Term Care Awareness Month. This is a nationwide initiative to ensure that people are aware of what long-term care is all about, with a strong eye towards buying the appropriate type of insurance.
At least 70 percent of people over the age of 65 will, at some point, require long-term care. Those who are able to make an insurance claim are in much better position, since this means the money for the care doesn’t have to come out of their own pocket.
During the month of November, Americans are urged to learn more about long-term care insurance, including whether or not they currently have the coverage they need. With this type of policy, paying for skilled care in a facility or at home is more affordable.
An attorney with an eye towards insurance-related issues can help consumers better understand their policy, while also dealing with any problems that may arise if an insurer does not want to pay a claim.
Source: The Tennessean, “Long-term care isn’t just for the elderly” Stacia Vetter, Nov. 08, 2013