Long Term Care Insurance Facts

Since people are living much longer today, it will be more likely that most of us will require long term care at some point of our lives. According to the Administration on Aging, 70% of people 65 and above will need long term care one day. With the demand for this type of care is growing, people should start thinking about how to cover long term care expenses. This is where long term care insurance comes in the picture. 

Long-term care insurance works this way; you’ll pay a monthly premium based on your age, health and the type of care you prefer. This type of policy usually includes coverage for nursing home, assisted living facility, CCRC, adult day care and other types of long term care services. 

You can purchase long term care policy any time you want but since the cost rise as you age, experts recommend purchasing when you’re between 55 and 64. 

You can read the full article here and learn more facts on long term care insurance policy.