Are you too young to buy long term care insurance?

Hi, 

We all get older, it’s just a fact of life. And as we age there’s no way to predict how much assistance we’ll need or who will be there to provide it. To make matters worse, traditional health insurance and Medicare usually offer little to no coverage for elderly care.

Luckily, long-term care insurance is an option. This type of coverage helps shoulder the financial burden of nursing homes, assisted living facilities, and in-home care services. What’s more, experts are increasingly advising not to wait until retirement to purchase a plan. Here’s why:

Costs can rise: Long-term care insurance will likely cost more the longer you wait. It’s a good idea to secure coverage before age 65 before potential health changes or Social Security cuts.

Higher chances of insurability: As you age, the chance of being denied coverage or having limitations placed on your policy increases. 

It’s more affordable now: Because of the highest inflation rates in decades, millions of Americans have been facing a higher cost of living. If your finances are tight now, what will they look like in ten years?

Take control of your future today. Let us connect you with a long-term care provider to see if it's the right move for you!

Sincerely,

The Money Group Team

Check out Money’s list of the Best Long-Term Care Insurance Providers and protect your retirement.