Have questions about longterm care? Here’s a guide that can answer many questions about long-term care. #JointLTC

“Long-term care insurance can help defray the costs of a nursing facility, home care, or other paid long-term care for your parents — or for you. Because the older you get, the more expensive the premiums, people usually buy long-term care insurance in their 50s or 60s, which means it may be more relevant to look into it for yourself than for your elder parents. But it may still be affordable and available for your parents if they’re in their 70s, depending on their health history.
A policy with poor terms and coverage is a waste of money. So, if your parents are going to buy this insurance, be certain they get a policy from a reputable company, and make sure it has good provisions regarding premium raises, types of coverage, inflation protection, and coverage eligibility and exclusions.”

Read more from Elderlaw Expert Joseph L. Matthews HERE