${site.data.firmName}${SEMFirmNameAlt}
Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Many individuals misunderstand long-term care insurance

In our last post we started a discussion on long-term care. Many people are not aware of just how many individuals will eventually need long-term care. This type of care relates to any activities that you can currently do independently, such as running errands, cooking meals, bathing and dressing yourself. When the time comes that you need assistance with these duties, how will you afford the help?

A survey of respondents showed that some 25 percent of people planned to use Medicaid to pay for their long-term care. The problem with this is that Medicaid typically does not pay for long-term care expenses. While people are aware that there is such a thing as long-term care insurance, it does not appear that many people have it.

Of those surveyed, 60 percent said they did not have long-term care insurance. Many of the respondents cited the price of this type of insurance, which can sometimes mean spending $3,000 per year in insurance premiums, as the main reason they did not buy into a plan. Other reasons for not getting this type of insurance included respondents’ beliefs that Medicaid or Medicare would cover those costs. On top of that, many individuals did not fully understand what long-term care insurance actually covers.

Planning ahead is always a good idea, no matter how difficult it may be to have to consider your future. Because elder law is a broad category of law, an experienced lawyer can discuss a large number of topics with a client, from estate planning to Medicaid planning to long-term care needs. Understanding all of your options can help you plan ahead to make sure your needs are met as you age.

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us