Melanoma and Long-Term Care, For What the Future May Bring

By Steve Elliott | May 9, 2022 | Comments Off on Melanoma and Long-Term Care, For What the Future May Bring

May is Melanoma/Skin Cancer Prevention Month. While you may not be thinking much about this potentially deadly form of cancer for yourself, whether you spent significant time in the sun during your teenage and young adult years or not, it’s important to do so. You also may not be thinking about how this applies to long-term care and long-term care insurance cost for yourself, but if you’re in your late 40s, 50s, or early 60s, even though you may have escaped serious health issues so far, that doesn’t mean it will always be true.

Someday, you could find yourself dealing with melanoma, some other type of cancer, or even a serious health emergency not related to diseases that cause you to require long-term care.

How are you going to pay for that long-term care?

Long-Term Care Insurance Cost San Diego CA - Melanoma and Long-Term Care, For What the Future May Bring

Long-Term Care Insurance Cost San Diego CA – Melanoma and Long-Term Care, For What the Future May Bring

Not many people think about this. They assume that their primary insurance is going to cover it, only to be completely stunned that most health insurance policies only offer a limited time for care, such as a few weeks or, at best, a couple of months.

Then there are many others who simply assume that when they are 65 or 67 or 70 that Medicaid will pick up the tab. Even if the senior is covered by Medicaid, this federal insurance program will only pay for certain types of long-term care and only when the senior has exhausted all of their available assets, which can include savings.

How quickly would your savings be wiped out trying to cover long-term care expenses?

If you’re unable to answer this question because you don’t know how much it costs, you’re not alone. Few people have a clue just how much different types of long-term care cost.

For example, full-time in-home care can cost around $45,000 a year. A nursing home could cost over $85,000 per year, but in some states, it could run over $300,000! Try paying for that out of pocket and most people will be financially wiped out.

Aside from just the cost of long-term care, you also need to consider accessibility. If you are counting on your primary insurance or Medicaid to cover some of it, once all of your assets have been used first, you may have no choice in the matter. You could be required to rely on nursing home care instead.

That’s why it’s so important to consider long-term care insurance cost now.

Long-term care insurance is a vital piece of the puzzle to protect you and your family financially in the future. While you may not be thinking anything about melanoma or other skin cancers as a possibility in your life, it happens. And melanoma can be a long and difficult disease to overcome and defeat.
Don’t take chances with your health or your financial life. Carry a basic long-term care insurance policy now and you will be able to hire the right long-term care when you need it, whether due to a skin cancer fight, heart attack, injuries, or some other unexpected medical crisis you face in the future.

If you or a loved one are considering a Long-Term Care Insurance Cost in 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.

Steve Elliott
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