Why should I buy Long Term Care Insurance?

Your medical insurance, including Medicare when eligible, will not pay for help in the home and other venues (assisted living, skilled nursing home..) for an extended period of time. If you need help with every day activities (bathing, dressing, eating, toileting, transferring, continence OR supervision due to cognitive impairment), for more than a brief period of time, your current health insurance does not pay, Medicare does not pay. Long term care insurance does pay for extended care. The cost of care is very high. Long term care insurance limits that cost and permits family members to supervise care rather than provide constant care. The high cost of care today and tomorrow, increasing longevity, increasing probability of requiring care, and the severe impact on family lifestyle and finances makes long term care a front burner issue.