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Do I need long term care insurance in Lehigh County, Pennsylvania?

Posted on Mon Jul 27, 2015, on Estate Planning

From our “Ask a Question” Mailbag: Long Term Care Insurance Lehigh County

Most Recently Updated July 16, 2018.

Long Term Care Insurance Lehigh County

Long Term Care Insurance Lehigh County

Like all insurance, if you end up needing long term care insurance, it can be a great deal. But, if you don’t use it, then you could argue that you wasted your premium payments. In reality, you buy insurance to cover the “what if” situations in life.

My Experience

I have had plenty of clients that paid for long term health care Insurance that died without using their policy benefits. However, I have also had several clients who fell ill and were able to stay in their homes with in-house care only because of the funds paid out from a long term health care policy. I have also had clients with Alzheimer’s who could be placed in very nice memory care facilities that they would not have afforded without their policy benefits.

My Suggestions

I suggest that you spend time to compare the various policies available, then assess your ability to self-insure should you fall ill. Be honest with yourself about how important it is for you to stay in your house should you ever become unable to easily walk or care for yourself. Ask your doctor about the chances of developing Alzheimer’s. You can find a great deal of information about the costs these situations will bring, and if you find that your own funds will not cover the costs, then long term health care insurance is something you should seriously consider.

In the end, paying for any type of insurance is about making you sleep better at night, knowing that if something unexpected happens in the future that you are covered. 

More Planning Questions?

Long term care is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Long Term Care Insurance Lehigh County

I hope that this article was helpful in explaining long term care. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

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Elder Care, Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Lehigh County, Pennsylvania

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