What's the best age to buy long term care insurance? Answering that question can be difficult. First, we need to understand what is long term care and long term care insurance.
Long term care insurance takes care of those individuals who live with disabilities and are in need of long term care. Long term care can be provided at home, in an assisted living facility or in a nursing facility. Assistance is given to those who need help with daily living activities such as bathing, eating and dressing. Long term care goes beyond basic nursing care.
Not all the time does our age determine how healthy we truly are, however the fact remains that the longer we live, so will our health condition decline. The best time or age to buy long term …show more content…
Apply at least 60 days before your 50th birthday or 60 days before your 60th birthday.
Now this doesn't mean wait until you are over 65 to buy coverage. Things happen to us that are not planned and we may need coverage sooner than one thinks. However, the younger the person who is insured, and the healthier he or she is, the less premiums they'd have to pay.
Based on data from the Census Bureau, more than half of the people who are over the age of 65 will need health care insurance and assistance. More so, the study shows that people over the age of 85 make up 80% of the people who need home care or nursing assistance. Consequently, based on the same data, the percentage of clients are declined based on their health problems
Facts You Should Know
This is a very important step in your life, so take your time... do your research on the best companies. Information is free of charge and you are under no obligation to buy. You need to have accurate information to make an informed and logical decision. You should know that long term care covers chronic illnesses. Medicare covers acute or rehabilitative illness or conditions and they will not pay for chronic illnesses or
Long term care insurance takes care of those individuals who live with disabilities and are in need of long term care. Long term care can be provided at home, in an assisted living facility or in a nursing facility. Assistance is given to those who need help with daily living activities such as bathing, eating and dressing. Long term care goes beyond basic nursing care.
Not all the time does our age determine how healthy we truly are, however the fact remains that the longer we live, so will our health condition decline. The best time or age to buy long term …show more content…
Apply at least 60 days before your 50th birthday or 60 days before your 60th birthday.
Now this doesn't mean wait until you are over 65 to buy coverage. Things happen to us that are not planned and we may need coverage sooner than one thinks. However, the younger the person who is insured, and the healthier he or she is, the less premiums they'd have to pay.
Based on data from the Census Bureau, more than half of the people who are over the age of 65 will need health care insurance and assistance. More so, the study shows that people over the age of 85 make up 80% of the people who need home care or nursing assistance. Consequently, based on the same data, the percentage of clients are declined based on their health problems
Facts You Should Know
This is a very important step in your life, so take your time... do your research on the best companies. Information is free of charge and you are under no obligation to buy. You need to have accurate information to make an informed and logical decision. You should know that long term care covers chronic illnesses. Medicare covers acute or rehabilitative illness or conditions and they will not pay for chronic illnesses or