Long Term Care
The rising cost of health care and the decreased ability of the federal government to aid in our growing elderly population's health needs has made long term care insurance an essential ingredient preparing for the future. In fact, the federal government offers long term care insurance to all its employees and has even initiated the “Own Your Future” Long Term Care Awareness Campaign. Just two years of long term health care can easily wipe out the life savings of many Americans. It can also have a devastating impact on dependents who find themselves in the position of caretaker.
The increasing costs of long term care have been of great concern as our population continues to age. Long term care is thus more a financial issue than a health issue. Therefore, we must work with financially stable companies that understand the implications of a long-term need. That includes the following companies: