Long-Term Care Insurance
The vast majority of Americans will need long-term care at some point in their lives as a result of a serious illness, an ongoing health condition, significant disability, or simply old age. While private and government health insurance will help pay for basic medical bills such as doctor visits and hospitalizations, it does not pay for all of your long-term care needs. This is why Long Term Care Insurance is so important. Long-term care insurance provides financial assistance to help ensure your personal care needs are met when you can no longer take care of these everyday activities on your own. Most commonly these include help with bathing, dressing, eating, and moving around.
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There are different types of long-term care coverage available. The Master’s Choice can help you decide on the coverage that is right for you and your family.
Who Needs Long-Term Care?
It is difficult to predict how much or what type of long-term care a person might need. Several factors may increase the risk of needing long-term care.
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Age. The risk generally increases as people get older.
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Gender. Women are at higher risk than men, primarily because they often live longer.
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Marital status. Single people are more likely than married people to need care from a paid provider.
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Lifestyle. Poor diet and exercise habits can increase a person's risk.
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Health. If you are currently experiencing significant health problems, the likelihood of needing long-term care may increase.
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Family History. A family history of long-term health problems may mean that you are at higher risk of needing long-term care.
