Savvy Senior provided a detailed and helpful advice whether
to purchase long term care insurance coverage or not. There are two key factors
to consider – your medical history and financial situation – that can help you
decide if getting long-term care insurance is a wise decision or not.
The cost of long term care is skyrocketing today and most
people are trying their best to cope up with this through their savings and
Medicaid once they’ve exhausted their nest egg. The median cost for nursing
home is around $87,000 annually while assisted living facility averages $42,000
annually.
If you can afford to pay premiums and you have family
history, then it is advisable to purchase long term care insurance policy. This
can protect your assets and as well as your loved ones when the time comes that
you will require any form of long term care.
Visit this website to read the full article.
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