Long Term Care

Do I Need Long Term Care Insurance?

People are living longer and longer these days. That's good news, but the flip side of that is there are more years in which there's a risk of serious health problems. And that could  cost all of your remaining life's savings.

Harvard Magazine says: People are living longer with men living 80.9 yrs and women 84.5 once they reach age 65. Modern medicine is keeping people alive longer, but most will need some form of long term care before they die.

• Prevent being a burden on your kids and family. It will also protect your retirement savings. Long Term Care Insurance will prevent you from running out of money and ending up on welfare.
• Ensure quality care if you do need help because private pay typically gets better treatment than Medicaid (The U.S. welfare health system).
• Maintain your independence and dignity by receiving home health care in your own home where you are most comfortable.
• Most importantly, long term care insurance will protect your quality of life as well as the stress levels for the people around you.  "Relax, you are covered."

Long Term Care Insurance usually covers the cost of:

• Home care with daily activities like bathing, dressing, eating and cleaning.
• Community programs, such as adult day care.
• Assisted living services that are provided in a special residential setting other than your own home. These services may include meals, health monitoring, and help with daily activities.
• Visiting nurses.
• Care in a nursing home.

When is the right time to buy a Long Term Care policy?

Many people don't consider long-term care until they get into their 70's and 80's and their health becomes an issue. At these ages, you may be too high a risk for an insurer to cover you; or if you do qualify, the premiums can be astronomical.

The best time to buy long-term care insurance may be middle-age. It's the time when you have the highest likelihood of being eligible for a policy and, just as important, when premiums costs might be lower.

Local Broker

Call (1-800-345-0789) or email your local Colorado broker, Michael Horvat, if you have any questions. Michael has over 28 years of experience in the health insurance industry.

Health Insurance University

Check out our Health Insurance University to get insider tips on how to apply for health insurance and get a better understanding of how to pick the best plan type - HMO, PPO, POS, Indemnity or HSA - for your unique situation.  Plus there is information on COBRA, a glossary of terms and FAQs.

Consult with Healthquotes and determine the best solution for your Long Term Care Insurance.  Call 1-800-345-0789.