|
|
|
|
|
 |
 |
Sign
up!...and earn cash back rebates and
discounts every time you shop online
with us... |
 |
Shop
at any of our Name Brand and we will
pay you
Cash
Back up to 40% on every purchase
Pay
less than if you go directly to the
SAME STORE |
 |
...to
get coupons and coupon codes that will
save you
cash additionally |
|
|
|
|
|
|
|
Already a customer click here
|
|
|
|
|
|
|
|
Will You Need Long-Term
Care?
|
If
you were born between the years 1945 and
1965, you belong to the baby boomer generation,
which forms a large proportion of the
US population. People in your age group
will form the largest population of senior
citizens in the US for years to come.
Due to advances in agriculture, medicine,
the economy, and health care, it is likely
that yours will be a long-lived generation.
It is also likely that, as members of
the baby boomer generation age, they will
require long-term care, due to age-related
disabilities and health problems. This
is why long-term-care insurance policies
have become popular with senior citizens. |
|
Long-term-care
insurance policies are life insurance
policies that give you a financial cushion
when you are no longer capable of taking
care of yourself. A long-term-care insurance
policy goes beyond Medicaid, which only
covers you for 20 days, provided you meet
their stringent criteria. A long-term-care
insurance policy could pay for your hospitalization
or stay in a nursing home, long-term stay
in an assisted living facility, or home-based
health care. The benefits of a long-term-care
insurance policy are activated if you
suffer from Alzheimer’s or are unable
to perform any two of the following activities
without assistance for at least three
months: |
|
|
•
Dressing |
|
|
•
Bathing |
|
|
•
Eating |
|
|
•
Moving from Bed to Chair and Back |
|
|
•
Visiting the Bathroom |
|
|
•
Remaining Continent |
|
|
However,
you should be careful when purchasing
a long-term-care insurance policy. Imagining
yourself in an old-age home might be depressing,
but it is even more depressing to think
that long-term care for you in your old
age could drive your loved ones to destitution.
While the annual costs of a nursing home
remain high at $66,153, home health care
is no less expensive at $18 per hour.
|
|
The
Agency for Healthcare Research and Quality
estimates that 43 percent of the population
over 65 could enter a nursing home, of
which 21 percent could remain in the nursing
home for at least five years. When purchasing
a long-term-care insurance policy, take
these facts and figures into account. |
|
If
your investments, including your home,
are worth $1,500,000 to $2,000,000, you
may be better off insuring yourself instead
of purchasing a life insurance policy.
If you are in your twenties, thirties,
or forties, you may prefer to invest money
on your own for your old age instead of
purchasing insurance, which could prove
to be expensive. |
|
However,
purchasing a long-term-care insurance
policy is not just a financial decision—you
should look at your family’s health
history and alternative forms of healthcare
before purchasing this policy. A long-term-care
insurance policy may also benefit your
spouse or domestic partner in case you
are no longer alive to take care of them
in their old age. |
|
|
|
|
|
|
|
|
|
|
|