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Since the passage of HIPAA more and more Americans are becoming aware of the need for Long Term Care insurance. The reasons for buying this coverage will depend upon a number of factors such as your age, health, overall retirement goals, income and assets. If you are living on limited income and assets then this coverage is probably not for you. If, on the other hand, you have a comfortable nest egg and don’t want to use those assets to pay for long term care needs, then you may want to consider buying a Long Term Care policy. The main reasons that people buy this insurance is to maintain their independence from government aid or the help from family, maintain their dignity from having to depend upon family or friends, retain a choice of where and when care is provided and to protect their assets in order to pass it along to their heirs. If you had a choice which of the following would you choose? Relying on the government to choose who will be your Long Term Care provider through Medicaid OR the independence of choosing your own providers? Liquidating a $100,000+ investment in order to pay for your care OR keep the $100,000 and watch it grow? Use the assets from your estate that is meant for your heirs to pay for your care OR pass this estate on to your loved ones? Of the financing options that are available to you, which do you think offers the most control over your emotional and financial independence: Medicare, Medicaid, self-insuring or private Long Term Care insurance? Of the financing options that are available to you, which do you think offers the most control over your emotional and financial independence: Medicare, Medicaid, self-insuring or private Long Term Care insurance? Information Request Form |