Long Term Drug Rehab: Secure Your Future With a Long Term Care Quote

Have you thought about where you want to grow old? Perhaps, who’s going to take care of you when you’re too frail to even perform the ordinary activities of daily living like eating, bathing, dressing, and walking from your bedroom to the living room?

These questions plus the health industry’s prediction that more than 70 percent of the population over 65 years old will require long term care should be a kick in the pants so that elderly folks who haven’t figured what they want for their future can get their act together, lest they face the soaring cost of long term care facilities.

Married baby boomers could be thinking that they should not worry about what tomorrow can bring because they have kids to depend on. Well, that’s good if your kids are not among those youngsters whose goal in life is to travel, and have their names etched in every corner of the planet. Kids these days are very ambitious and they always want to make a difference with what they do.

Unless you’re so certain that your children have no other plans in life than clean the house, cook you dinner and do errands for you, getting a long term care quote should top your list of priorities.

Even if you’re paying big monthly premiums for your Social Security which automatically qualifies you for Medicare benefits, it does not follow that your future LTC expenses are covered. Medicare will only shoulder the expenses that you incur in a nursing facility or hospital until you’ve fully recovered from a sickness or temporary disability due to an accident.

Medicaid, on the other hand, will only come in for you once you’ve spent down your assets. Meaning to say, once you can no longer afford to buy your own meals let alone put a roof over your head then Medicaid will shoulder your long term care expenses.

There is not the slightest doubt that baby boomers cannot expect to receive the treatment or care which members of the Greatest Generation received from their children upon hitting old age. It’s a sad truth but which one can prepare for by securing himself or herself with a long term care quote.

If you’re between 40 and 50, this is the best time to plan your life ahead. You’re most likely to spend only a fraction of what individuals in their 60s and 70s are shelling out already for annual premiums. Aside from that, you have the privilege of having a compound inflation protection integrated into your policy so your total maximum benefit will double in less than 10 years. Older policyholders can only settle for the simple inflation protection or none at all.

By consulting your LTCI agent, you’ll be able to compare one company’s long term care quote with that of another. In the process of comparing you might think that insurance companies offer practically the same thing, but they do not. If you patiently and carefully read through each plan, you’ll be able to single out an LTCI that is reasonable and affordable.

 

 

 

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Tags: support groups, old age, long term care insurance, ted williams, drug rehab, addictive behavior