Long Term Care Insurance
It’s a funny thing about insurance. People want to know how much it’s going to cost but don’t consider how much it would cost if they don’t have insurance. For instance, long-term care insurance is increasing in popularity as our population ages. Long-term care insurance is specifically designed to look after the costs of nursing home care, in-home special nursing care and handling the costs of an assisted living facility.
Here is something very important to remember. Your age and health are crucial factors that will determine what your premiums are when you apply for long-term care insurance. So while this might not be an issue to you yet, it may be in the future, so it’s best to act now and not later. It will save you a great deal of money to do so.
Once you have your policy in place and are paying premiums, any change in your health status does not affect the premiums. Buy younger and buy when you are healthy. Generally speaking the optimum age for applying for this type of insurance is between the ages of 50 and 64. You may certainly buy this type of insurance when you are in your 40s, but may not be able to afford the premiums. The nice thing would be if you could afford them, you would be well ahead of the game later.
One of the major driving factors behind getting long-term care insurance in place now is the rapidly rising cost of medical care. It isn’t getting any cheaper and it certainly won’t be any less expensive in the future either. Having funds set aside is the smart thing to do for your future.
Think and plan now for later. At Florida Healthcare Insurance, we know how to help you plan for the future by giving you the information you need in the present. Just give us a call. We would be happy to discuss long-term care insurance or Florida health insurance.