| Did you know that according to U.S. Census | | | | Sit down right now and start designing a long |
| statistics almost 15% of all people requiring | | | | term care insurance package that's right for |
| long term care in the United States are | | | | you. Most plans have a cap on the total |
| between the ages of 40 and 65? Long term care | | | | amount they will pay out for your long term |
| is not restricted only to the elderly. | | | | care. Have some idea of how much you will |
| | | | need that cap to be. You need to be aware, |
| And did you also know that Medicare does NOT | | | | too, that plans which cover round-the-clock |
| provide for long term care should you need | | | | nursing home care can be more expensive than |
| it? Most people are woefully unaware of this | | | | plans which cover in-home day care. |
| until it is too late. | | | | |
| | | | There is also something called the |
| Here in Missouri state-funded Medicaid does | | | | Elimination Period. This is just |
| provide some coverage for those needing long | | | | insurance-speak for a deductible. The longer |
| term health care, but the coverage may not be | | | | your Elimination Period - in other words, the |
| what you were planning on. In order to | | | | more money you are willing to spend for your |
| qualify for state long term care coverage you | | | | own long term care before you ask insurance |
| must first spend every penny of your own | | | | to take over - the lower your monthly premium |
| assets, which includes selling your home, any | | | | will be. |
| stocks or bonds you may have, and emptying | | | | |
| all of your bank accounts. | | | | Go online and find a few websites that allow |
| | | | you to make comparisons between various long |
| In order to qualify for Missouri state | | | | term care insurance policies and their costs. |
| Medicaid you must first be indigent. | | | | Plan to spend a little time looking around |
| | | | and running various alternatives. Don't be |
| Then, once you have no assets of any kind you | | | | surprised if you end up spending several |
| are at the total mercy of the Medicaid | | | | sessions over more than one day running |
| system; you must go to the facility they | | | | different long term care scenarios before you |
| choose for you, you must use the doctors they | | | | come up with the policy and the price that's |
| choose for you and you must have the | | | | right for you. |
| treatments that they choose for you. | | | | |
| | | | Remember, long term care may not be something |
| If this doesn't sound like the kind of life | | | | that most people like to think about, but |
| you were hoping for, then it may be time to | | | | such care is a fact of life for over 50% of |
| begin looking for a long term care insurance | | | | all Missouri residents 65 or older. So unless |
| policy that can provide you some peace of | | | | you want to leave all the choices in the |
| mind. In fact, the sooner you purchase long | | | | hands of others, it is imperative that you |
| term care insurance, the cheaper it will be | | | | take matters into your own hands and get |
| since premiums go up each time you celebrate | | | | cheap long term care insurance in Missouri |
| a birthday. | | | | today while the choices are still yours to |
| | | | make. |