Why Might a Young Person Buy Long-Term Care Insurance?

Long-term care insurance refers to services that are not covered by regular health insurance. It can mean things like getting assistance for routine daily activities like dressing, eating, chores, bathing, getting in and out of bed and meal prep.

A long-term policy will often cover the costs of care for a chronic medical condition, disability or a disorder like Alzheimer’s. Regardless of where the assistance is given. You could receive help in your home, an assisted living facility, adult day care center or a nursing home.

The cost of long-term care can vary depending on things like age and health, gender, marital status, state in which you live and of course the insurance company and amount of coverage.

The older you are and the more health problems you have the more you’ll pay when you buy a policy. So, it tends to reason that the younger you are, the less you’ll pay when you buy a policy. Now that doesn’t mean your premiums won’t ever go up.

The fact is that, most people will need some kind of long-term care insurance. It’s designed to fill in the gaps between what your care costs and what funds are actually available to pay for those costs.

When you are young the last thing on your mind is long-term care. But when you are in your 50’s or 60’s it seems more reasonable to think about. However, you’ll pay more out of pocket if you wait.

Want to know more about long-term care? Call Advanced Insurance Concepts today and Jim Rooney will work with you to find the answer. Advanced Insurance Concepts works with a variety of insurance companies and all Medicare Advantage providers in Missouri and Kansas. He is licensed to sell Health, Life and Accident Insurance, so call Jim Rooney for all your insurance needs.