The government expects a huge increase in the number of senior citizens. For example, the number of seniors 65 and above was 35-million in 2000. That number is expected to jump to 70-million by 2030. In addition, 19.5-million Americans will be 80 and above by 2030. One thing is clear: there will be a huge need for care for elderly citizens in the very near future. The time is now to prepare for the expensive future. The cost of a nursing home is over $6000 a month. Likewise, Assisted Living facilities are over $4000 monthly, and Home Health Care is expensive, as well. Indeed, many individuals will not be able to afford care.
Medicare only pays so much for facilities. That is why many seniors end up in awful nursing facilities. Find out more about Long Term Care in Warner Robins GA at Stone Insurance Agency Inc. One of the best solutions is to purchase long-term care insurance. The cost of a long-term policy depends on several factors. It only makes sense that policies are cheaper at a certain age. Experts recommend purchasing a policy around age sixty. The premium also depends on how much a policy pays per day. In addition, the number of days per year a policy pays is a factor. Further, many consumers want extras like policies that match inflation costs.
Do not wait until illness strikes before purchasing long-term care policy. It may be too late then because policies require medical underwriting. In addition, those with pre-existing conditions will certainly pay more. There are a few things to remember about Long Term Care in Warner Robins GA. First, do not buy more insurance than you need. Make sure you understand what medicare will pay and any other benefits. You may only need a small policy to cover the gap. Further, family members may be planning to pay a portion of the care. On the other hand, do not purchase less insurance than you need. It can be difficult to purchase additional insurance later on. Finally, make sure you can cover the premiums even if there are increases.
