Most seniors prefer to be independent. They don’t want to depend on their adult children to care for them as they develop health problems, and they typically want to remain in their own home as long as possible. The costs associated with the independence, especially for older people with serious health issues, can be steep. Private and government insurance benefits provide only minimal coverage for home health care so most of the costs will need to be paid for by the patient. Long-term care insurance offers a way for seniors to offset a lot of the costs and get the type of care they desire.
This kind of insurance is not appropriate for a large group of people. Because of the cost associated with long-term care coverage, anyone who relies, or anticipates they will be relying, solely on social security benefits or their pension to pay their bills in retirement should not buy this insurance. However, for other people who can easily afford the LTC Insurance Quote in Texas given to them by an agent, long term care insurance will give them more control over their health care as they age.
The thought of using all the wealth accumulated over their lifetime to pay for health care concerns many seniors today. Since well-informed consumers understand Medicare won’t pay all the costs related to their care, it only makes sense to contact an agent such as MyersYounger LTC for a quote as early as possible. Insurance rates are generally less expensive for younger, healthier people so the earlier a person gets in touch with an agent to obtain an LTC Insurance Quote in Texas, the more affordable it will be.
Seriously ill seniors who have to rely on Medicaid benefits to pay for their stay in a long term care facility don’t have the option to decide where they will receive their care. They can only get coverage if they use an approved provider. However, those who purchase an LTC policy can use their insurance benefits with any facility or get care in their own home. This can take the burden off of family members and allow them to enjoy the remainder of their time with their loved one instead of providing care for them.
