Ways a Long-Term Care Insurance Quote can Save Seniors During a Time of Need

By Steve Elliott | December 27, 2021 | Comments Off on Ways a Long-Term Care Insurance Quote can Save Seniors During a Time of Need

There are going to be times of difficulty in just about everyone’s life. There is no way around that. Whether you are poor or rich, life is difficult. As you get older, though, the challenges can be even greater. Long-term care insurance can be an incredibly valuable asset for those who have retirement savings, investments, own a house or even rental properties, and more. It would be informative to get a long-term care insurance quote and find out more.

Long-Term Care Insurance Quote San Marcos CA - Ways a Long-Term Care Insurance Quote can Save Seniors During a Time of Need

Long-Term Care Insurance Quote San Marcos CA – Ways a Long-Term Care Insurance Quote can Save Seniors During a Time of Need

A lot of people don’t even realize there is such a thing as long-term care insurance. They barely even think about the prospect of requiring long-term care in their own future, much less ever needing this type of insurance.

In truth, there are many ways that long-term care insurance can be an incredible benefit to aging seniors, their spouses, and other dependents. Below are three simple ways this could be the case, for you or somebody you care about.

1. Seniors can get the care they need right away.

While most health insurance policies, even Medicare and Medicaid, will provide coverage for a wide range of medical emergencies and needs, almost none of them will provide for long-term care needs.

Many people simply don’t realize this. They overlook it, either because they don’t know to look for or think they will ever require long-term care. Yet, it could be due to an accident, unexpected medical emergency, surgery, or other major crisis that a person requires long-term care.

Whether it’s home care, nursing home stays, assisted living, independent living, and so forth, with long-term care insurance, an aging senior can get the care he or she needs quickly.

Yes, there is often a waiting period for the policy to begin paying out, but usually it’s only for a certain number weeks or, at most, a couple of months.

2. They didn’t need to sell their home to pay for long-term care out-of-pocket.

A lot of seniors assume Medicaid is going to provide for their long-term care needs, if they ever require it. Then, as they get older and face a medical emergency and require a nursing home stay for several months, for example, they are completely surprised that they are required to pay for it if they have savings, investments, or even equity in real estate.

With a long-term care insurance policy, however, that won’t need to happen. The senior can protect their investments, assets, and property for up to about three years, depending on the policy.

3. Their spouse was supported, which offered great relief.

When thinking about the future, most Americans don’t think about worst-case scenarios. Yes, you might have life insurance, but everyone is mortal. Yes, you may have good health insurance, but dealing with health issues, cancer, old age, and so forth are common, so you expect them.

But long-term care? Most people don’t expect to ever require that, then end up struggling to support their spouse when they are also in their 80’s or 90’s, is going to take a toll. Your spouse supporting you is going to be difficult for you to deal with.

Long-term care insurance can offer the relief aging seniors deserve and may need some time in the future and getting long-term care insurance quote can start he process.

If you or a loved-one are considering Long-Term Care Insurance Quote in San Marcos 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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