People often save for retirement throughout their career with the focus being on having enough to pay monthly expenses and have a few extras. There is a common belief that things like medical problems, nursing home care or at-home medical services will be covered under their Medicare or supplemental insurance plans. Unfortunately, too often people are shocked to discover how little their health plans actually cover when a long term illness occurs. Even more frightening is when it happens before retirement, and the ability to even earn an income is at risk. Erasing this worry is what long term care insurance is about.
With Long Term Care Insurance in Houston, the covered party is protected when an illness or injury requires them to receive extended medical treatment. It is a benefit that covers the extra expenses that other insurance plans do not, or helps to cover bills once an insurance plan has reached its maximum. When the care is needed for a period of more than 90 days, this policy is the safety net people can rely on.
The average cost of a nursing home can run as much as $6,000 a month, in an assisted living facility it could be $3,000. Even at-home care can add up to thousands a month depending on a number of hours someone is needed. This does not cover doctor visits, prescriptions or the extra comforts many people want and need. Imagine how quickly a retirement fund or savings account could be emptied paying this type of expense out-of-pocket. That is what this insurance helps to avoid.
It is important to apply for Long Term Care Insurance in Houston while still healthy. Individuals with a lot of health issues or who are above the age of 60 may find it difficult to qualify for this type of insurance plan. Like life insurance, there are diseases and conditions that can make the applicant not able to be covered.
MyersYounger LTC wants to help as many people get the coverage they need to protect their futures and make their retirement years a little more secure. Contact them to learn more about the benefits this insurance offers as well as to get a quote for beginning a policy today.
