Long-Term Care/Living-Care Insurance Discussion
As women of a certain age, we must have or should have things in place as we mature. We may have learned from the example that our parents and or grandparents shared with us. Were they prepared for the time that illness over took them? Maybe they recovered, but maybe it took a while. You wanted your love one to be some place where they were comfortable. Maybe they wanted to stay in their own home–they just needed someone to check on them daily. Where was the money coming from for these services? Do you even know how much it cost for these services
We all want our love ones and even ourselves to be able to go into our golden years with the best care possible. We’ve taken out health insurance, but it is not long-term care insurance. Long-term care insurance pays for items that health care insurance does not. It can pay for the cost of an assisted living facility, assistance for caring for you and more.
Medicare and Medicaid more often than not do not pay for these basically non-medical expenses. Let’s just be honest here, the more insurance you have, the better the facility (yep, I said it). I know personally how much it cost when a love one is in an assisted living facility and needs 24 hour a day care. I’ve seen first hand the hardships of taking care of a love one who needs care–not just financially but emotionally. Long term care insurance can help financially and even emotionally.
One of my favorite people, Angela Bassett tells of her experience with caring for love ones. She is continuing the talk on aging and long-term care insurance. She uses the term living-care, and that’s exactly what it is. Angela is on the second leg of an initiative called the LetsTalkTour (she is a spokesperson for an insurance company*). She talks candidly about living-care in the article below that was written by Brennan Williams for the Huffington Post. Please read the article and start the conversation.
Remember “thisisyourbestyear”. Let’s talk about living-care.
*thisisyourbestyear does not endorse any insurance company, please check with you insurance carrier, and make comparisons to find the best plan for you or a love one.