Tuesday, January 6, 2015

How Long Term Care Insurance Works

Anna DeLeon Harrison purchased long term care insurance because she doesn’t want her sons to worry about paying for her future long-term care expenses. Another reason behind this is her previous experience when her late husband was battling cancer. She knows how the high cost of medical and long-term care can deplete a family’s funds. 

According to Kim Apt Beckham, a long term care agent with ACSIA Partners, it is recommended to look at coverage sooner than later because having coverage allows the people to have the option to age in place without liquidating their retirement funds. This is beneficial to people who will need round-the-clock care because health insurance and Medicare don’t cover long-term care.

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