Posts Tagged ‘Long Term Care Insurance’

Article 113-Estate Planning Series: Is Long Term Care Insurance the Best Answer For Me?

Written by Wright Law on . Posted in Estate Planning, Long Term Care

So what is the answer to long term care needs?   Seventy percent (70%) of seniors will need some form of long term care.  Yet Medicare, the Affordable Care Act and your health insurance policy will not help pay for those costs, which can reach or even exceed ten thousand dollars a month.

Unfortunately, many assume their only option is to purchase long term care (LTC) insurance.  LTC insurance is a type of policy that will pay benefits when the insured is unable to perform certain activities of daily living (ADLs) such as eating, bathing, dressing, toileting, and transferring. 

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