Long Term Care Insurance for Generation X
February 8, 2007
If you’re part of Generation X then your parents are likely part of the Baby Boomer generation that needs to start thinking about long term care. When Jeremy at Generation X Finance called for guest posts this week, long term care seemed to fit the bill. Head over to his site and read about what I’ve learned recently in the article Do Your Baby Boomer Parents Need Long Term Care Insurance?
I ran across a great summary article entitled “Why Long Term Care Insurance?” over at Hills Personal Finance that can help you out when researching the subject. He tells us 8 things we should look for in a long term care policy and and 5 different factors that effect the pricing of a policy.
Some other resources to check out are the government’s long term care page on the Medicare website, these articles from the National Care Planning Council that in their words “constitute the most comprehensive source of long term care planning information ever published”, and a site by Alexander, Hawes & Audet, LLP on Avoiding Fraud When Buying Long-Term Care Insurance: A Guide For Consumers And Their Families.
[...] Ben from Money Smart Life: If she doesn’t already have some type of long term care insurance she might want to look into buying a policy. However, keep in mind long term care is not for everyone. Check out this longer term care article for more information. [...]
The sooner the better. The longer she waits, the more costly it will be.