Long Term Care can be very expensive. Even if your elderly parent lives with you, there are still going to be extra costs. Medicine, equipment, nursing help, housekeeping help, and more. Long Term Care Insurance can be a wise choice for some families, some might say many families. I appreciate that my parents chose it, though so far we’ve never needed it. If we do, I’m grateful ours gives us the option of care in a medical facility or care in the home. Not all policies and/or companies provide that. I remember when we were researching the various options available. There was so much information and I had so many questions but didn’t know where to go to find answers. We read everything we could and did a lot of praying, but I sure would have liked more information to help us before we decided.
Well, if any of you are in that situation now, Kiplinger’s (an excellent and easy-to-read financial magazine) wants to help you. They have some excellent information at their website, http://www.kiplinger.com/yourretirement /longterm/ .There you will find an informative article, several links to other posts of interest, and an announcement that they are providing a free hotline on two days in November, free of charge including the long-distance cost (there’s a great frugal tip for all you caregivers!).
“HOTLINE: Have a question about long-term care? Call our free hotline at 877-KIP-TIP1 on November 13 and November 21 from 9 a.m. to 6 p.m. EST . Members of the American Association for Long-Term Care Insurance will answer your call. For more information and to find a local long-term-care insurance professional, visit www.aaltci.org .”
The American Association for Long-Term Care Insurance is an organization, “dedicated to promoting the importance of planning for long-term care needs.” They do not sell long-term care insurance, but they were created in 1998 to serve “those who offer long-term care insurance and other planning solutions. Our members constitute the nation’s most knowledgeable and committed professionals along with leading LTC providers.” In other words, their members are the people who want to sell us the Long-Term Care Insurance. As such they should be quite knowledgeable but they are also likely to be biased in favor of everyone having this insurance. That’s not bad, they may be quite right. But I think it’s important to realize that at the outset. With that in mind, it sounds like it is an excellent opportunity to talk to knowledgeable people who can answer many, if not all, of your questions. And again, this is a free service they are offering! If you are interested, I would suggest calling early on the first day in case they get deluged. That way, if you can’t get through at first, you have plenty of time to keep trying. And if you have to hold, remember the phone call is free. Just grab a good book and sit and read until they get to you. Then again, they may be with you right away. Overall, this sounds like a wonderful opportunity that I would have welcomed a few years ago and am pleased to share with you today.
