Long Term Care - what you need to know to get started
With trying to save for retirement, kids college tuition and paying the mortgage Long Term Care (LTC) insurance is just another item on the list most people know is important, but just don't want to think about. However, we spend more than half our lives working and trying to build wealth. If you or your significant other where to become ill at an earlier age during retirement that collected wealth could be in jeopardy of being decimated within only a few years. What about Medicare? The biggest you could make is to rely on Medicare to cover your long term care expenses. In fact, it covers very little, extremely limited and doesn't provide financial support for the numerous tasks you do on a daily basis, but might not be able to because of an injury or sickness.