What is Long Term Care and Do You Need It?

While we are living longer, the chances of needing care certainly become greater. Also while life expectancy issues have increased, the cost of living longer has increased as well. Long term care insurance is designed to help you pay for those expenses if you are unable to do the normal activities of daily living. Those activities include but are not limited to dressing, eating, and bathing. Long term care services are meant to maximize a person’s independence when the inability to perform those activities becomes a challenge.

Many people may start paying for these services on their own, but find that savings will only cover these services for a limited time. And it is very important to note, that services are not covered by traditional health insurance. Moreover Medicare and Medicaid provide care under limited circumstances and have stringent eligibility requirements. From a caregiver’s perspective, providing care can be emotionally and physically tiring, and quite costly.

A typical caregiver is 53 years old
56% of caregivers care for a parent
83% of caregivers contribute financially
57% of caregivers use their own retirement funds and/or savings to provide care

Long term care insurance is one option to help you and your family members plan for the high cost of future care. The choices you make today may help relieve the burdens of long term care expenses.

Please feel free to call today and CSP Insurance Services will be glad to provide you with information concerning long term care coverage in South Carolina.

Contact Jay Campbell

Life/Health Sales
Call: (843) 468-9717

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