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Showing posts with the label Taking a Hard Look at Long-Term Care Insurance

Taking a Hard Look at Long-Term Care Insurance

For many Americans, buying insurance to cover your home, car, and health is standard practice. But long-term care insurance is a mystery for many, even though it offers important financial protection against some of the life's uncertainties. The goal of long-term care (LTC) insurance is to protect the policy owner from footing the entire bill for an extended stay in a healthcare facility, such as a nursing home or rehabilitation center. Because there's no telling whether you will need long-term care in the future, and the costs can run very high if you do, it's worth your while to learn about your long-term care insurance options and make an informed decision. techtages.blogspot.com It's possible that at some point later in life you may need specialized care. For example, as you get older, your physician may discharge you to a nursing home following a hospitalization for surgery or illness. Fortunately, Medicare will cover qualified stays up to 100 days. Somet...