Millions of people all across the country plan for retirement. They start saving early and, even though they may run into some stumbling blocks along the way, they focus on making sure they have enough money to retire, travel, or do other things they dream about doing during those Golden Years. One thing few people actually contemplate, though, is the potential cost of long-term care.
They assume it would be covered.
Some people have great health insurance policies. As a result, they never think twice about what might happen in the event they require some type of long-term care. We all know we’re mortal, but few of us think about the possibility of being involved in a serious accident that results in significant injuries, requiring months and months and possibly even years of physical therapy and recovery or even possibly leading to a permanent disability.
We don’t think about heart attacks or strokes that could leave us completely disabled and at the behest of other people to support us. Finally, very few people even consider how we might pay for long-term care in the event it’s required.
There are often limits for health care insurance policies.
Even if somebody has a quality health insurance policy, and even if it includes some type of long-term care, it will usually set a limit on just how much will be spent on it, what could be provided, or how long it would cover this type of care. A policy, for example, may offer six months of long-term care at home or in a nursing home. What happens if this individual requires many years of care?
That’s where long-term care insurance could be beneficial.
A long-term care insurance policy could provide coverage for a wide range of support systems, including assisted living, nursing home care, and home care. It might pay for several years of care. It certainly may require the policyholder to cover a percentage of the expenses for long-term care, but every policy is different, and if somebody overlooks this important insurance option, they do so at the risk of their own health, ability to stay safe, and financial resources.
Far too many people have discovered too late in life that long-term care could financially bankrupt them. All those decades of planning and saving could be eradicated within a matter of a year or two of long-term care needs.
This doesn’t have to happen when people realize there is such a thing as long-term care insurance.
If you or a loved-one are considering Long-Term Care Insurance San Diego CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.
I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate
I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care
I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.
Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit
2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine
National Speaker for Numerous Industry Meetings
Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance
Author of numerous published articles on long term care planning
Latest posts by Steve Elliott (see all)
- Demand for Long-Term Care Is Increasing, Which Is Why More People Are Looking into Insurance - July 15, 2019
- If There’s an Elevated Risk of Dementia in Your Family, Long-Term Care Insurance Might Be Even More Valuable - July 8, 2019
- Insuring Against the Possibility Long-Term Care Is Necessary for Your Future - July 1, 2019