Every 7 seconds another person turns fifty in the United
States. Right now there are more people living on earth
than in recorded history. In America the fastest growing
segment of the population is over 80. History is being made
as more people are becoming old and living longer than ever
before. Hopefully, you will live long enough to become one
of them. If you live that long, however, you will run the
financial risks associated with aging. What risk? The
risk of having an extended care need. In fact, many people
have them now. Hospital care and modern medicine have
gotten so good at managing chronic illnesses that more
people live longer with impaired health.
Why am I telling you this?
I tell you this because you are in danger and don't even
know it. You are swimming in the financial deep end of the
pool and don't even know it. In reality, seven out of 10
couples will experience a long term care need in their
lifetime and most of them will have to pay for care out of
their own pockets. This is the first reason why you should
educate yourself about long term health care insurance and
the number one reason you don't. The sad truth is you are
most likely in denial.
There is no magic genie in a bottle that is going to rescue
you. The hard, cold truth is you will be financing your
aging expenses yourself. With outlays running as high as
$70,000 a year in 2008 this is nothing to take lightly.
This is more denial and another reason to seriously look at
long term care insurance and getting educated about your
choices?
One day in the future long term health care insurance will
be as typical as automotive or life insurance but for the
here and now it's an unusual idea. It is also an idea no
one wants - after all who wants to imagine they're ever
going to need health care assistance. The denial of needing
care is thick and lasting.
I bet right now, if I asked you "who do you know who has a
long term care need" you could probably come up with a name
or two. As for me I can name several. My father who was in
a nursing home for 8 months; my Aunt who is in the last
stages of Alzheimer's, my other Aunt who has been diagnosed
with Vascular Dementia or Parkinson's (they aren't quite
sure). If I had asked each of them "will you have a long
term care need in your lifetime?" they would have said no.
Another reason you don't have long term care insurance -
you deny this is ever going to be your story. The truth is
you can't predict the future.
You may never have a long term care need but in reality
seven out of 10 couples do. My father did and my mother
hasn't. My Aunt's have but my Uncle's haven't. This is
denial reason number four. You take it for granted that
everything is a-okay and will stay that way. The reality is
that when a spouse gets sick the other has to start writing
the checks and while one bottoms out physically the other
bottoms out financially.
I can hear your thoughts - but the government will be
helping me; they'll pay for everything. Yeah, right. The
government is slowly bankrupting itself as it is. With over
80 million baby boomer's headed for retirement the social
services are going to be strained on every level, state,
federal, county. Furthermore Medicare does not pay for long
term care. You have a limited number of days of Medicare
coverage, lifetime caps and co-pays. If it does pay for
long term care you have to be in need of skilled care. The
truth is that Medicaid is the largest payor. What is
Medicaid? It is medical welfare. How do you get it? You
qualify through poverty. You spend your money until you
qualify. Reason number five: you deny your risk of entering
poverty in order to qualify for government help. Ouch!
Oh, I can hear your thoughts - but my kids will take care
of me. Are you aware that as of 2008 the money and time
lost to care giving is more than 80 billion dollars a year?
By denying the risks and costs of aging you are throwing
the weight of consequence on your children, their jobs and
their lifestyle. This is not a solution this is denial and
reason number six..
The last reason you don't have long term health care
insurance is because you don't care enough about yourself.
You owe it to yourself to plan for your life, lifestyle and
financial future. Whether long term care insurance is the
solution for you is unknown but what is known is all of us
are living longer and because of this you will face
financial risks never before faced; financial risks that
can literally wipe you out. Get educated today so you don't
become a statistic tomorrow.
----------------------------------------------------
Wake you up from your "I'll be taken care of trance". With
over 80 million baby boomer's heading through the health
care pipe and living longer than ever before the perfect
storm of aging and living too long is headed right for your
front door...especially if you're a woman...and it's going
to be expensive. Insurance traitor turned crusader reveals
inside secrets in leaked chapters. Visit
http://www.LongTermCareInsuranceSecrets.com
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