Many people over the age of 65 will need some form of long term care, either in their own home or a residential facility. These essential services can be costly, draining your retirement savings and the resources you’d planned on passing on to your loved ones. Long term care insurance provides crucial protection for your finances, health, and family.

Why You Should Get Long-Term Care Insurance

1. Preserves Your Savings & Assets

Medicare may cover some costs associated with long-term care, but the program has strict eligibility requirements. In many cases, you might have to spend much of your savings, including your retirement accounts, before Medicare will pay any of your long term care expenses. Even then, the program only covers specific services, so you may still wind up paying tens of thousands of dollars out of your own pocket.

2. Covers a Wider Range of Services

Medicare coverage is limited and may not include the services you desperately need. Long term care insurance is designed to meet these needs, with most policies covering a wide range of care services.

3. More Options

Even if government programs cover certain needs, your options will likely be limited to certain facilities or providers. Private long-term care insurance gives you access to an extensive list of high-care providers, ensuring you get the best care possible when you need it most. 

Protecting your family and finances from the unexpected can be confusing and overwhelming, which is why Lincoln, NE relies on the expertise of Robert Rung Insurance. Since 1973, this independent agency has provided customers throughout the area with high-quality long-term care insurance policies backed by some of the top providers in the industry. Visit their website for an overview of their specialized services, follow their Facebook for more tips and professional insight, or call (402) 483-2279 to request a quote today.