Online service is a great way to research long term care policies and company offerings. To Learn More Call Mike at 314 398-5547 or Visit Mike's Web Page According to the US Government 40% of the People Currently receiving Long Term Care Services are between 18 and 64. Second, some states promote co-op programs to encourage citizens to purchase long term care policies. Service and support needs vary from one person to the next and often change over time. Here is a quote from their website: "About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. Legal changes: Again, the federal government and some states have now changed the rules on what Medicaid applicants can legally do to qualify for benefits. They can help you find and select an insurance carrier that will best fit your needs because of the extra training and education they have received in this field. It's prudent to gather as much information on statistics, laws and insurance in order to truly be prepared. Government encouragement: Federal and state governments are now pushing hard for people to purchase their own long term care policies. You can get more free information, news and articles regarding long term care and aging at The Long Term Care Consumer Guide website and The Long Term Care Review Blog. It is wise to look for those that have the CLTC designation which stands for "Certified in Long Term Care". Other notable influences on the cost of long-term care insurance are your state of health at the time you apply, the period of time the policy is too cover and the level of long-term care benefits that you choose to select. If long term care insurance is affordable for you, you should definitely consider transferring that risk to the insurance company. It enables you to be able to continue to enjoy the time you spend in their company, and they can enjoy visiting with you without having the extra pressure and stress that being a caregiver brings with it. Unfortunately, by the time most people need long term care, the time to purchase insurance has long passed. The point is that there is a great difference in LTCi policies from one company to the next, especially depending on your health history and habits. Now that you have the Facts the Question is how do you protect yourself at a reasonable cost. Spend down: You run the risk of having to spend down your entire life savings for long term care needs before you die, leaving nothing to your heirs or worse yet, to your surviving spouse. Will is a retired Research Food Technologist who worked over forty years with a major Fortune 500 food company in the Midwest. The law now treats these as if the gift never took place for Medicaid eligibility. For the Next 80 Medicare and the Senior Split the Cost based on some Formulas. In addition, the older you are the higher the risk of developing health problems that could increase the cost of your insurance premiums or prevent you from obtaining long-term care insurance altogether. For more on long-term care, health and life insurance visit my website 24-7-insurance.com. It is a daunting decision, given the fact that we spend so much of our lives working and sending payments for so many other kinds of necessary insurance. After a while, all of those insurance bills begin to add up. Applying for long-term care insurance is something that many people put off for many years believing that the longer they wait the more money they will save. Government encouragement: Federal and state governments are now pushing hard for people to purchase their own long term care policies. First, one should gather information on long term care insurance. LTCi then helps make sure that there are enough funds available to avoid placing an undue burden on any one person or group of loved ones or friends. Compared to the costs of other types of insurance the cost of long term care insurance is probably one of the trickiest costs to figure out. The main reason to purchase long term care insurance is to avoid being a burden to loved ones and also depleting all your financial assets before you die. If you are a Senior concerned about the High Cost of Long term Care but really cannot afford the High cost of Long term Care Insurance Premiums then Annuities with a Long Term Care Rider may just be the solution you seek.