Long-term care is defined as care that lasts for an indefinite period of time in duration. An elder may need long-term care when if they fall ill or are unable to care for themselves. Other individuals may also be in need of long-term care if they were involved in a serious accident or had a serious medical condition. Long-term care helps one live as they currently lived. The purpose of long-term care is to assist the elder or individual in their everyday life. Some services included under long-term care may include:
Long-Term Care Insurance
Health or medical insurance or Medicare does generally not cover long-term care. Unfortunately, many people will need long-term care in their lives. As an individual ages their need for long-term care may also increase. Individuals may purchase long-term care insurance. The cost of long-term care insurance may be quite expensive. The cost is determined by the age the individual is when the insurance is purchased and the type of care insured for. The cost also varies from state to state. Prior to purchasing long-term care insurance the individual should thoroughly investigate the plan and the company offering the plan. If the individual is not in good health at the time that the insurance is purchased, the insurance carrier may deny coverage.
An individual contemplating purchasing long-term care insurance should consider numerous factors. Some of the factors that should be considered include:
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