Arizona Long Term Care Insurance

Long-term care insurance costs explode.

About half of all Americans are expected to need some sort of long-term assistance

The cost of a private room in a nursing home is expected to cost up to $ 90,000 a year within a few years. Can you afford it? Most of us can't.

Most people who need long-term care and without LTC insurance coverage end up in bankruptcy.

You might ask – don't you cover medical care or medical aid?

Medical care offers limited assistance. If you rely on medical care and ultimately need long-term care, you are likely to be very disappointed. Read about medical care and what it covers.

In addition, ask yourself this question – the government has full hands to learn how to pay for social security and raft baby boomers who are now beginning to retire. Can they pay for long-term care needs for everyone too?

What happens if the government ends up paying for your long-term care? For one, you lose all rights to declare how and where you are taken care of. If the government pays, they have an opinion. Not you or your family, for the most part.

What about Medicaid? Again, it's the government paying you.

Kick Medicaid after having spent all your own money and broke. Not a great alternative.

The best solution is to purchase a long term care insurance plan in Arizona. With your own plan, you have control – or your family do. In addition, you don't have to spend all of your assets and savings first.

Like other insurance, long-term care insurance has a waiting period before it starts – often 60 or 90 days. You need enough savings to cover this time frame. But after the waiting period, the policy will pay the benefits.

With long-term care insurance, you can avoid repayment in order to get your care.

Most people have insights to give most of their money to the family – and leave an inheritance. Without long-term care insurance, these plans may be compromised. think about it.

You can visit Gary Life Insurance and Long Term Care at: http://www.phoenix-life-insurance.com