Long Term Care Insurance

Long term care insurance is right for people who have assets to protect. Those assets include, retirement savings of all forms, cash, life insurance cash value, homes, cars and anything that can be sold for value. (IE. jewelry, etc) If you have any of the above then you should consider long term insurance. The risk of paying for your long term healthcare should be passed to an insurance company. In long term care planning you will need spend down most of your assets you worked your whole life to accumulate before Medicaid will pay for your care. The current look back period for Medicaid qualification is 5 years. Also, your family should be able to choose the facility and type of care you receive. As with all insurance, the longer that you wait, the more expensive it can be. Contact us for a free quote and consultation. (If you have had health challenges , then new changes to the Pension Protection Act will allow for a linked benefit annuity to payout for care in a long term healthcare facility.)