Extended Care Policies

Long term care insurance policies protect people in many ways that regular medical coverage may not. Because more people are living longer, the chances that the majority of those who live into old age will suffer some kind of long-term illness is inevitable, and therefore many would benefit by being covered by a long term care insurance policy. With this type of coverage, there will be far more options available should one find themselves or a loved one suffering from a long-term illness.

These programs offer what many medical insurance does not. With a long term care insurance policy, there is assurance that there will be coverage for a nursing home or home health, should an illness demand long-term consideration. Long term care coverage can cover degenerative conditions, such as Parkinson's Disease, prolonged illness such as cancer or cognitive disorders like Alzheimer's Disease. While a traditional medical program may cover a portion of the costs associated with any of these conditions, an extended insurance program can offer the additional coverage that may be needed.

The prices will vary and will be reflected in how extensive the policy is. Furthermore, age will also influence the quotes received. Typically, however, a long term care insurance policy quote will be figured at the "minimal rate" or at the "generous rate." What is covered exactly at these rates will vary according to the various long term care insurance policies that are offered by different companies.

There are many people who should look into purchasing extended medical coverage. Health experts recommend that people in their 40s, especially if they have a family history of any long-term illnesses, should consider long term care insurance policies while the rates still are reasonable. In addition, if assets or income disqualify one for Medicaid assistance, this avenue of coverage could solidify health care coverage if needed. Finally, those who are concerned about preparing for their future and not being a burden on their family would also benefit with the purchase of this type of policy.

When we look into purchasing a long term care insurance policy, we are helping to plan against future hardship for ourselves and for our families should be afflicted by a debilitating condition. The Psalmist pleads in God's word, "Cast me not off in the time of old age; forsake me not when my strength faileth" (Psalm 71:9). Long term care insurance policies can be one way of assuring that we will be cared for in our old age.

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