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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 about long term care for our elderly parents at their website.
The American Association for Long-Term Care Insurance is an organization, “dedicated to promoting the importance of planning for long-term care needs.” They have a website that looks to be a great resource full of information. Just click here to visit. One caveat thought. 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 seems like it is an excellent opportunity to learn more about Long Term Care. And it’s definitely a topic that is being talked about more and more!