Many people believe that if they need nursing care when they're older, the government will pick up the bill. Don't convince yourself quite yet: Medicaid might pay for half your cost, and that's if you qualify.
A better plan is to invest into long term care insurance. This will pay for your expenses in a nursing home, and will keep your family from having to make up for any extra costs that Medicaid won't help with.
On top of all this, if you start your premiums early in life, it's not expensive. More and more Americans are considering what their future will look like, even when they're in their 30s. Many people focus on 401k's and other retirement plans - which is good - but what about if you get to a point where you can't take care of yourself and need help with daily tasks like cooking and cleaning? That's where long term care steps in.
Don't run the risk of not qualifying for Medicaid or having to ask your family to look after you. Check out long term care insurance, especially if you're having health problems now.
For more information on long term care insurance, contact us today! We're Lower Premiums, an independent insurance agency based in Anderson, South Carolina.