What Does Long Term Care Insurance Cover?

Long-term care insurance is designed to protect you and your loved ones that long-term care is necessary. Nearly one will probably spend some time at a nursing home. The dollar amount for nursing home expenses annually is $30,000. However, if you reside in a metropolitan area the costs that are typical rises to approximately $60,000 and in some cases as much as $100,000. The average stay of a senior in a nursing home is about nineteen months which means those seniors that reside in a major metropolitan area will spend $100,000 in long-term care as well as medical expenses and prescriptions. If you have aging parents, or maybe you are now a senior citizen, long-term care insurance is something you need to consider, because once consumers need the benefits of a long-term care policy, they could be physical, emotionally, or mentally disabled and not in a position to claim their rights. To ensure you receive the coverage you 29, understanding the jargon of the long-term care insurance