Long Term Care Insurance - A Reality for Boomers Planning Ahead

As the population ages members of the baby boomers generation are looking at Long Term Care Insurance as they plan ahead for the future. Today's family caregivers will be tomorrow's elderly seniors. A recent article by Gail Sheehy asked the question "Who will take care of the caregivers?"

Long Term Care Insurance is one of the ways the Boomers generation can take care of themselves.

I attended a presentation on Long Term Care Insurance today, held at the Central Coast Seniors Center, Oceano, California, with State Farm of Pismo Beach representative John Stobbe providing information.

Along with insurance for life, property, autos, disability, and medical people are adding long-term care insurance now to help prepare to age in their home if they wish or to pay for assistance in a facility.

Did you know the following:

Medicare Supplement Insurance does not cover long-term care expenses.

A Long-Term Care Insurance policy helps cover costs of long-term care in the setting you prefer, either home care or community care.

It helps you to avoid dependence on family and friends.

It preserves your assets.

Additional benefits included the following:

Coverage for a communication system in the home to summon medical help in an emergency.

Caregiver training for a family member or friend to provide the care you need if you choose to remain at home.

Respite Care to provide relief for a primary caregiver at home.

Long Term Care Insurance Becoming a Necessity

As families become separated more and more often by distance from those needing daily care the need for long term care insurance is becoming a necessity. At longtermcarelink.net and longtermcarewiz.com the statistics show that the time has come to include long term care insurance along with the other usual insurances that we buy.

Who will take care of the family caregivers of today when they need care in the upcoming years?
Sociological factors show that each generation of families has had a tendency to be more separated by distance, more consumed with employment and work schedules, and less likely to become caregivers for elders.

A recent article at Parade.com by Gail Sheehy asked "What can we do for the nation's caregivers?" With the social security crisis looming, the boomers retiring, and the health costs rising it is time to take responsibility for our own care that might be needed someday and invest in long term care insurance. Waiting for the government to help is not the answer.

The time is coming when long term care insurance will be another part of our insurance necessities along with property insurance, car insurance, and so on. How else can people pay for long term care? Today, reverse mortgages are paying for long term care for many people, but they worry about what to do if they outlive the funds obtained that way.

Longtermcarewiz.com explains how long term care insurance is rated. The limits of Medicare for long term care and the rapid pace that one's assets can be spent are discussed, along with what to expect regarding Medicaid.

At longtermcarelink.net The National Care Planning Council provides information and links on everything from reverse mortgages to family conflicts to care management and nursing homes.