Long-Term Care For Women

Long-Term care for women is a growing concern in America. According to an article entitled “Long Term Care is a Woman’s Issue” there is a long-term care crisis coming! According to Census predictions are in and they say a lot about where America is headed. By 2030 1 in 5 American’s will be a senior citizen! This article was written several years ago too, so that only makes things scarier.

Another point is that Medicare is not set up to help with long-term care. This means that there needs to be some planning involved in getting ready to become older. Why is all of this a women’s issue? Because facts and statistics show that women live longer than men. They need to invest more time and effort (and money too) into long-term care benefits. Women also take on many other responsibilities such as caring for aging parents, an ill spouse and even their own children well into life. A woman’s work is truly never done.

There are things to take into consideration when looking into long-term care such as family history of medical illness’, net worth and employment.

Genworth Financial offers long-term care insurance with an excellent planning service. There is a perfect story on the homepage that struck home with me. A nest egg can quickly be demolished when one or the other spouse gets ill and needs long-term care. Alzheimer’s disease for example can come on suddenly and can leave someone unable to be taken care of at home. A nest egg is great, but does not last. Long-term care insurance helps with these unseen events.

Long-term care insurance premiums are based on age, length of time of coverage, health, and the maximum amount of reimbursement of care. For less than $1000 a year these benefits can be used to protect from events that no one can prevent, but are often required as a part of aging.

 

Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network. Wording such as all opinions are mine.

About Angie

Speak Your Mind

*