| Are you prepared for retirement and old age? | | | | You may be planning to rely on Medicare or your |
| While it may still be a long way off and there are | | | | own private health insurance policy. However, |
| usually a lot more urgent things to take care of, | | | | Medicare does not pay for custodial treatment of |
| dealing with some of the requirements of old age, | | | | this kind. It is simply too expensive and you will |
| either for yourself or for someone you care | | | | therefore have to seek alternative living |
| about, a huge difference can be made by a few | | | | arrangements. Even private medical insurance will |
| simple steps. | | | | not foot the bill for long-term care. |
| While saving for a pension and having good | | | | If you think you will be very short of money by |
| medical insurance are two of the most common | | | | the time you need long term care you may |
| steps, there is also the scope for long term care | | | | qualify for Medicaid. Medicaid steps in to pay for |
| insurance, which may also be of great potential | | | | medical care for the very poor. The good thing |
| use in certain situations. This type of insurance | | | | about Medicaid is that it will pay for long-term |
| covers the need for assistance in old age. Old | | | | care. It is difficult to qualify for it though. You |
| age, as well as mental and physical illness can lead | | | | must be in the right wealth level and this is difficult |
| to many people needing assistance with such | | | | to guarantee. The provisions of Medicaid are also |
| everyday tasks as eating, bathing and dressing. | | | | liable to change so |
| Simply looking after you can be too much for | | | | there’s no guarantee |
| many people and when they are faced with this | | | | that just because long term care is provided for |
| situation, assisted living and long term care can be | | | | now, that it will be in the future. If you are in |
| an option. | | | | serious doubt as to your ability to qualify for |
| Long-term care insurance can step in to help pay | | | | Medicaid, then it is unwise to rely on it. |
| for the costs of such care. Do you think you may | | | | Long term care can make a huge difference to |
| need such care? Will you be able to afford it if | | | | your quality of life and well being in old age so if |
| you do? Long-term care can last for many years | | | | you think it is something you would like to make |
| and it is very expensive. Without the proper | | | | use of, the sooner you look into insurance for it, |
| insurance, many people simply could not afford it. | | | | the better. |