Americans are living much longer which is something to
celebrate about but it has a downside. Since people are living much longer,
they become more vulnerable to conditions and diseases that will require
long-term care. As a matter of fact, the research made by Centers for Medicare
& Medicaid Services revealed that around 7 out of 10 of Americans who are
65 and above will need any form of long-term care. This type of care is
expensive, the reason why it is important to purchase coverage.
Here are 5 tips that can help you when purchasing long term care insurance policy:
1.
Determine the coverage you will need.
2.
Consider policy features like benefit amount,
elimination period and inflation protection.
3.
Consider your age and health status.
4.
The start of your benefits will be determined by
your physician and provider.
5.
Look for a reliable agent and long-term care
insurance provider.
S Sources: http://www.tennessean.com/story/money/2014/09/05/tips-long-term-care-insurance/15158315/
http://www.ltcoptions.com/long-term-care-insurance/
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