Long Term Care (LTC) Insurance (also refered to as long term care health insurance) is now more important than ever because Americans are living longer, making long
term care insurance more important today than for prior generations. The 2007 Aging Report from the Center for Disease Control and Prevention (CDC) has lots of good
news, but it is now more important than ever to prepare for living longer to include looking at long term care insurance.
Rich people may not need long term care insurance, but the majority of people will need LTC Insurancnce before they die for two reasons. One is so they will have enough money to pay for
their care in a nursing home or other type of long term care facility, and the other is to protect assets like homes and property.
If you have to go into a nursing home paid for by Medicaid, your home and other property are subject to being taken by the government after you die (or after your spouse dies) to reimburse
Medicaid for your long term care. Long term care insurance could pay for that stay and your home would be protected and passed along to your children or other descendants. And who knows if
Medicaid will be available. There is no guarantee that Medicaid will have enough funding to provide long term care for the aging in the coming years, so long term care insurance may be your only
option for quality care.
Selecting the Long Term Care Insurance that is right for you can be confusing, but there is help to
the questions you may have here at the Long Term Care Facts & Information web site. We will try to answer some of the most searched for questions on the internet.
