One of the inevitable thing is aging, there is assurance how long we are going to live. And with aging comes health issues, have you planned for your future care needs? Do you have alternative funding sources to pay for the increasing cost of care?
Some people think they are better off self-insuring, however, money is hard earned and therefore deciding to pay care out of pocket is like throwing it away on expenses that should have been more affordable. You can consider purchasing long term care (LTC) insurance as leverage if you look closely and contemplate on the inflation rate by the time you will need long term care. Americans think it is awfully expensive, not knowing that it would cost them more money to pay for long term care services out of pocket. Long term care rates vary depending on the state and insurance providers, therefore it pays to shop for long term care insurance quotes, and from there on, you can compare and choose the policy that best meets your needs and demands.