Rekombinant

It will be wonderful if that’s the case. The purpose of insurance is to cover catastrophes. You should always hope you’ll never have to use it.
This is the question clients ask me all the time about LTC insurance. Now, let me ask you a few questions.
Do you have fire insurance? If you own a home, you have to have it. If you do, have you ever used it? Only 1 out of every I ,200 people ever uses fire insurance. But that doesn’t mean it isn’t a good idea.
Do you have automobile insurance? If you have a care i you do. If so, have you ever used it? Many of us are afraid to file a claim even when there’s a reason to, for what it might do to the cost of our premiums. Only 1 out of every 240 people ever uses car insurance. But most of us still have it.
How many people do you think use long-term care insurance? One out of every three, among those who have it. It is used more than any other kind of insurance, yet it’s the kind of policy that way too few of us has.
Why do you think you’d need LTC insurance if you already have health insurance? Because there is not one health insurance policy in existence that covers long-term care.
If this situation were this dire, are you thinking it would be better all around just to dump the bills on Medicare? You couldn’t, because Medicare won’t pay them. Medicare will only pay 100 percent for the first twenty days of a LTC stay and will pay only if the facility is a Medicare-approved skilled nursing home. This means that the home must be approved by Medicare and have registered nurses on hand twenty-four hours a day, seven days a week. Only 1 percent of all the people in nursing homes today are in skilled nursing homes. The other 99 percent need custodial care, not skilled nursing care.