You feel energetic, spry and you’re looking forward to a lengthy, fulfilling retirement. It’s easy to brush aside your potential future need for long-term care when you’re enjoying the present.
But did you know that 70 percent of people over age 65 will need long-term care services? You can’t depend on Medicare – it only pays for long-term care when you need skilled services or rehabilitation. Securing long-term care insurance when you’re healthy is a must for every senior. It ensures you’ll enjoy the following benefits throughout retirement:
You Won’t Drain Your Assets
Long-term care is expensive. In 2014, it cost $42,000 a year for a one-bedroom unit in an assisted living facility, and costs are rising year after year. Even if you do have the assets to support this expense, most seniors would rather not drain their accounts for their personal living expenses. You’d rather leave your assets behind as an inheritance for your children and grandchildren. Long-term care insurance can preserve your estate.
You Get More Control
When you have your own long-term care insurance, you can select the facility you prefer. If you’re forced to go on Medicaid to receive care, the government will decide where you can stay and still be eligible for benefits. Wouldn’t you rather have complete control over where you’ll live?
You Won’t Be a Burden
Adults are getting married and having children later. This may include your adult children. If your children are busy raising families of their own, it’s going to be difficult for them to set aside the time to care for you personally. Having the means to provide for your own around-the-clock care, if necessary, can relieve a huge burden from your loved ones.
You Will Have Peace of Mind
In most cases, the younger you are, the less expensive and easier it will be for you to get long-term care insurance coverage. And you will have that many more years to enjoy the peace of mind that comes from knowing any future health complications won’t derail your finances and create a problem for your family.
There is a reason retirement is called your “golden years.” They’re supposed to be enjoyable and relaxing! When you have the security of a long-term care coverage plan, you can live your retired years to the fullest. Call My Senior Health Plan today to learn about your coverage options and get a free quote for a long-term care insurance plan that fits your budget.