NJ Long Term Care Insurance
Long Term Care Insurance is something we rarely think about as young adults. We consider ourselves active, healthy, and strong. It appears we are invincible and able to take care of our own needs. Some of us may get a peek into this need with older family members but rarely do we consider it personally.
We all realize the need for health insurance. This is what we all consider for both preventive and unexpected health issues that may arise. Long Term Care Insurance is not as commonly considered but it can become necessary when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease. It is a possibility that we will need help taking care of ourselves. This includes assistance with routine daily activities like bathing, dressing, or getting in and out of bed.
It needs to be considered how you will handle these costs in the future. A health care plan does not cover long term cost. Medicare will not come to the rescue, either; it covers only short nursing home stays or limited amounts of home health care when you require skilled nursing or rehab. It does not pay for custodial care, which includes supervision and help with day-to-day tasks. A long-term care insurance policy can cover the costs of these needs.
Will You Qualify for Long Term Care Insurance?
An important factor to understand is you will not qualify for long-term care insurance if you already have a debilitating condition. Most people with long-term care insurance buy it in their mid-50s to mid-60s. If you don’t have insurance to cover long-term care, you’ll have to pay for it yourself. You can get help through Medicaid, the federal and state health insurance program for those with low incomes, but only after you’ve exhausted most of your savings.
Whether long-term care insurance is the right choice depends on your situation and preferences. Here at BEW Financial Solutions we make it our mission to make these decisions WITH you not for you. We will sit down and discuss your questions and thoughts. Together we will find the best fit for what you want and need.
BEW: The Right Fit
Since insurance is such an important part of our life planning you should speak to someone who knows the information you need to know. You need to talk to someone who understands how important this is to you and your family. You need someone who can treat you like family.
Knowledge and compassion fit are what BEW is about. We have been in the business for over twenty years. We are a local small business that has been a part of our community for many years. We have raised a family and helped many local families as well. We love to educate our clients about the different aspects of insurance and find what is best for them. We want you to understand and are always here to help.