Long Term Care Insurance Oakland County ,Highland Michigan
Long Term Care Insurance
No one hopes to spend their last days in a long-term care facility. However, with advances in medicine and healthier lifestyles, the odds of requiring this type of care are increasing because people are living longer. Your gender (women generally live longer) and family health history can also have a considerable effect on the likelihood that you will need this type of care. Long-term care is not covered by traditional health insurance, and the excessive cost of assisted living, nursing homes, and home health care can quickly drain the savings and retirement investments you've worked hard for. The average cost of an assisted living facility in Oakland County, Highland Michigan can be over $3,000 per month, and a nursing home over $6,000 per month! Medicaid won't cover long-term care until you meet certain income and asset qualifications, meaning almost everything you own has to be expended before Medicaid kicks in. Long-term care insurance can ensure that you'll be able to have the care that you need and deserve without giving up everything you've earned for your family. Schoen Insurance Agency can help you evaluate your personal risk factors and finances to determine what type of long-term care insurance is best for you.
Contact an insurance agent at Schoen Insurance Agency today to answer any questions about Long Term Care Insurance or for a free review and insurance quote for Long Term Care Insurance .