Do You Need Long-Term Care Insurance? Three Questions to Consider Before Making That Decision

In the United States today, are the options for paying for health care numerous. For some, their jobs will pay all the bills. (This is a company I want to work!) For most workers are divided, however, the health insurance costs between employer and employee. And for those who are on their own, work or have no employer to foot the health of her own bills. Unless a person can not afford health care, or chooses not to buy, they use hospital emergency rooms as their first line of defense. (Note:Exception is the state of Massachusetts, where every citizen health insurance, or a strong punishment must have come to pay tax time.)

Health insurance is for the normal cost in order. But what do you do if you or a member of your family has a debilitating disease that demands long-term care is? How long for normal health insurance does pay for medical bills? Is it wise to buy a long-term health policy, if you and your family are healthy, just in case?

Here are threeTo ask questions before making a decision.

1. Is your family history before, you may be genetically disposed to developing a chronic disease such as diabetes or Alzheimer's?

Unfortunately, there is evidence that certain diseases are genetically determined, or is likely to be. Alzheimer's disease in particular is still a mystery, but as an aging population, more of our citizens will be diagnosed with this disease. Research suggests that some strainsgenetic.

2. Do you have personal assets other than your primary home, need protection in case your insurance company is completely used up?

Long-term care insurance will cover a portion of the expenses for home care, assisted living and / or nursing home bills. If you do not have insurance, these bills are paid directly by you. A life time of savings can be completely used up in just a few months.

3. Can you long-term careInsurance?

This last question is personal (as if the others do not) and you must consult your financial advisor and estate planner, if you have one. Look at your current age, current assets, projected life expectancy, costs for monthly premiums and determine: it is worth it for me? What would happen if I did not have long-term care insurance? If I or one of my family got sick, I could not afford to give them the care they need and deserve, and for how long?

If youdecide to carry such insurance, I hereby urge you to strongly and compare the policy.

Check the details of the policy. Here are just a few:

• What are the critical factors that you need before applying for benefits?
• How long after these factors "kick in" you must wait before receiving your first payment?
• Are there limits on the amount of insurance will pay per day? Every month?
• HowPayments: direct deposit to you? Or, to the nursing facility?
• Does the company have a support hotline if you need help?

Long-term care insurance is not easy to discuss a subject, but that we must face. In the meantime, eat smart, exercise and be happy. This is the best long-term health insurance that I know.