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Tag Archives: long term care insurance

Who Pays For Long Term Care?

As I am rapidly approaching age 40, my though process on life and health has certainly changed from a couple of decades ago. While I still feel 25 on most days, you can’t argue with the calendar. Like it or not, I’m middle aged. With that label comes many questions about how to prepare for the coming years. Since I am a planner and don’t want my loved ones to have to make decisions for me, I am the type that has a will, life insurance, and an advanced directive that tells my family what I want to happen if I end up on life support. One question I haven’t really pondered is about the need for long term care insurance. We also have parents who are in their mid 60’s, so even if we aren’t ready to think about ourselves in a nursing home, it is a very real possibility for them. Should we be considering long term care insurance? What is Long Term Care? By long term care, I am talking about care needed if you can no longer feed and/or dress yourself of if you need help with basic personal hygeine and care. This can be from ...

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