How To Determine If You Need Long Term Care Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Ask yourself these questions:  Do you own your home?  Do I want to pass it to my family?  What about my other assets?  If I had to go to a nursing home do I want to have to spend down my assets to qualify for Medicaid?  What will my family do if this happens?  Proper planning can help insure that when your time comes that you need care your family will not have to suffer the burden of taking care of your personal needs.  Help will be available to allow you to stay at home rather than being forced into a nursing home and losing all your hard earned money and assets.  Talk to a good Care Resource Planner familiar with not only Long Term Care Insurance, but also Medicaid, Veterans Benefits, and other sources that could save you literally thousands of dollars.
    Answered on June 12, 2013
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