Long-term care insurance provides the means to afford a variety of services to individuals who are no longer able to care for themselves as they once could. People who utilize long-term care benefits usually need assistance with two or more activities of daily living, such as driving, transferring to and from a chair, toileting, or administering medications properly.
Healthcare policies typically do not cover assistance with these activities, which is why long-term care insurance can prove extremely useful.
If you’re the worrying type, long-term care insurance can ease your nerves. Once you take out a plan, you can rest assured that you’ll have some funds to support you and your health as you age. One can also choose Long-Term Care Insurance Agent in Seattle to hire an experienced agent.
Of course, it’s impossible to predict the future, but evaluating whether you’ll need long-term care is crucial to deciding whether insurance is right for you.
Whether you need long term care insurance or not may depend on your financial health. If you are very very wealthy, you might be better off using your own money to pay for long term care expenses. If you have very little income, you probably can not afford the insurance. If you are somewhere in between, then knowing what to do is tricky.
A long-term care policy is best considered as a protection against the loss of both choices and savings near the end of life. It should not, however, drastically reduce a person’s ability to make choices or exhaust their savings in the present, because that would defeat the purpose of a policy.