Do I need to buy long term care insurance?

Only you can answer that question. But keep in mind the following as you are making your decision:

• Studies have shown that over 60% of all individuals will need long term care at some point in their life.
• Over 40% of all people needing long term care are under the age of 65.
• Medicaid only covers long term care delivered in nursing homes for very poor individuals with limited savings and assets.
• Medicare covers an extremely limited amount of long term care services delivered in residential facilities such as nursing homes.
• Most long term care policies cover services delivered in the patient's home, as well as in community and residential facilities.
• Long term care insurance can be expensive, since long term care itself is not cheap.

For More Information

• About Personal Insurance
• About Senior Health
• Links to Long Term Care Insurers
• Link to State Insurance Department Websites and Contact Info

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