Got Long-Term Care Insurance?

If you don’t have long-term care insurance, you owe it to yourself and your loved ones to take a look. Long-Term Care plans can be crafted to suit a wide variety of needs and budgets. So, don’t assume that it’s too expensive or only covers you if you enter a nursing home. Many plans have benefits for home care, custodial care and assisted living. Purchasing a long-term care insurance plan could be the key to maintaining your independence as you get older.

If you do have a long-term care insurance policy, that is great. Is it a standard plan or partnership plan? This is important because in California (and other states that have partnership plans) long-term care partnership plans give you and your dependents the assurance that catastrophic long-term care expenses will not reduce you to poverty even if you run out of benefits. That is something that a non-partnership long-term care insurance policy cannot offer. Unlike a traditional policy, each dollar your partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medi-Cal services.

None of us like to think about needing help as we grow older, but it is better to be prepared. Long-term care insurance is not for everyone, but the only way to determine if it is right for you is to check it out.

Please take a look at the resources available on my web site, or take the Long Term Care Quiz to gauge your knowledge of LTCI. And, if you would like to investigate plans and quotes, I hope that you will call me at 800.608.7278.

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