Most women, especially wives and mothers, are so busy attending to the
needs of their loved ones that they don’t seem to have time to look at their
own needs particularly in the aspect of health care. This is the reason long term care insurance for women is constantly being pushed by
the government and long term care (LTC) specialists. They encourage women to
prepare for their future by comparing long term care quote and then purchase a
policy perfect for their needs.
Only a fraction of the female population has managed to secure long
term care insurance (LTCI) policies because the rest of them think that their
Social Security and Medicare contributions will be enough to cover their LTC expenses. Unfortunately, Social Security only gives a
meager monthly allowance while Medicare does not provide LTC coverage except to
senior folks 65 and older that require medical care in a nursing home.
Experts on the field of LTC say nursing homes, assisted living
facilities, continuing-care retirement communities, and in-home care among
other LTC settings will be highly in demand among elderly women beginning 2030
when the youngest of the baby boomer generation turns 65. There shall be male recipients of LTC, too, but
women are predicted to outnumber them.
Given this fact, every woman who is currently engrossed in her
profession and numerous responsibilities at home should take time to sit down
and assess her personal needs.
Today’s cost of care is not going to be the same 20 years from now
so women who are currently active in the corporate world and bringing home an
annual income of $80,000 should not be too confident of the future. According to a study which was performed by
financial advisers, the cost of care will increase fourfold 18 years from
now. When that time comes, a home health
care agency in your place that provides a home health aide for an hourly rate
of $19 will raise this double digit to $76 per hour which translates to
$173,888 annually.
Without a definite plan for their future health care, anyone’s mother,
daughter, sister, and wife will be at risk of mediocre to low quality LTC
services. Spare them from this fate by
encouraging them to plan their future.
Help Them Acquire Long Term
Care Insurance for Women
Women are nurturers by nature because they want to ensure that the
ones they love remain safe, healthy and happy.
However, it is not logical to satisfy the needs of others in exchange of
neglecting their own.
It is never wrong to express love, concern and compassion to family members
and friends but every woman should bear in mind that no one stays young and
strong forever. Soon her hair will turn
gray and her body will be too weak to perform the most basic activities of
daily living like eating, bathing, dressing, and toileting among others.
While she can still take care of herself and be superwoman,
encourage the woman in your life to look into long term care insurance for women as this product will protect her
from poor quality LTC and financial losses.
You’ll do this if she is important in your life.
