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Search Tags: long-term care insurance
Did you know the majority of Americans who go bankrupt do so because of high medical bills -- even though most of them have health insurance, Senior Correspondent Mike Causey says. So, what's the perfect way to protect yourself? Can you say long-term care insurance?
Health insurance policies cover doctor's visits and hospital stay but assume your problem is over when you go home. These policies do not cover living assistance for chronic health issues.
Is it more important to provide insurance for your family after you've gone, or while you are still around but pretty much helpless? It's a dollars-and-sense option people should check out, Senior Correspondent Mike Causey says.
Saving money on long-term care insurance premiums is easy: All you need is to sign up a couple of weeks before a stroke or accident makes it impossible for you to dress, bathe, eat or get in and out of bed. If you don't know that horrible, magic moment, check out Senior Correspondent Mike Causey's column today.
FederalNewsRadio Senior Correspondent Mike Causey says you need to do research in order to find out what's best for you.