Any idea what Long Term Care Insurance is?

When thinking about my parents and their retirement, I always assumed that Medicaid would

pay for my parents should they ever need assistance when they were older. What I found

out was that the younger they are, the better. A common question is when is the right

time to buy LTC insurance. The fact is, almost all Americans believe that the need

for Long-Term Care insurance is

overblown. Many of us won't be able to afford long term care (LTC) so this is a huge

myth that needs to be addressed..



One important question would be: How do I

choose an LTC provider? The answer turns out to be much more complicated than you

may think, so because of this we do highly recommend you go ahead and read the sites we

have linked in this article. In short, Long Term Care Insurance cannot and will not

prevent you from ever needing long term care services - of course, but it can certainly

help you protect yourself and more importantly your family from the potentially huge

financial burden or depleting your assets.