What is Long Term Care Insurance?

A subject not many want to talk about is long term care insurance and this

blog is educational so why not? Some know that most all people today just assume that if

they ever should get hurt and need help either when young or when they get older, someone

will just be there to help. Of course, most people think the government will help. I

always assumed that a program like Medicaid would chip in and pay for my parents should

they ever need long term assistance when they were older. The fact is, Medicaid indeed

will chip in, but only after all of your parents' assets are long gone. So it seems that

in reality, many people need LTC insurance. Even radio show host and financial wizard Clark Howard suggests Long Term Care Insurance. The really

and unfortunate sobering fact is that in today's world, many of us won't be able to

really afford to pay for long term care for ourselves or our parents in order to leave

any kind of an estate. You can see that this is a wide spread myth that needs to be

addressed..



There are tons of complications to the question. Things like trying to figure out long term care premium discounts - facts that only a true

professional can help with. The truth is, we do highly recommend you go ahead and read

the sites we have linked in this article. You need to know that Long term Care Insurance

cannot and as you could surely guess will not stop you or your family from ever needing

long term care services in totality, but it can certainly help you protect yourself

fiscally and more importantly your family from the potentially huge financial burden or

depleting your assets.