|
If you’re living in Washington, you are bound to face the very high long term care costs in this state, which ranks third in line with the most expensive LTC facilities. For three-hour daily visits from a home health aide, you would need to spend roughly $50,900 a year. Meanwhile, if you’re going to opt for an assisted living facility, you’ll have to shell out $48,000 annually. If you’re contemplating two years in this type of LTC facility, that would be equivalent to $96,000 excluding your personal supplies. Even if you have accumulated assets which amount to $500,000, you will need more once you start receiving care in Washington. Oh yes, this is an expensive place to grow old. Perhaps, the only good thing about growing old here is the fact that it boasts top of the line continuing-care retirement communities. You’ll only need to be financially equipped to be able to afford these nice places. No worries, you can avail long term care insurance Washington elders who have acquired it already can attest to its many wonderful benefits. According to these happy elderly folks, having this type of insurance product will allow you to live anywhere during your retirement years. They actually suggest that you head north of Washington upon retirement because this is where you’ll find the best assisted living facilities and nursing homes. During their heyday, many of them have sworn never to enter a nursing house or an assisted living facility because back then they found the rates of these LTC facilities unreasonable. Twenty years after having purchased their LTCI policies, the tables were turned as they realized that it’s not impossible to afford high-end LTC facilities in Washington considering their policies’ huge maximum benefits. If you want to be among these happy and satisfied senior citizens who found their second home in Northwest Washington’s beautiful neighborhood that’s conducive for retirees, this is the best time to avail a long term care insurance Washington highly recommends. An LTCI policy will not only ensure your future custodial care and medical needs will be covered, you can also manage to protect all the assets which you’ve worked hard to acquire for so many years. This is especially true with the Washington Long Term Care Partnership Program, which you can acquire from any legit insurance company that supports and participates in the partnership program. This type of policy will allow you to enjoy both worlds – that of an LTC recipient and an independent citizen who manages to keep his assets. How is this possible? It’s simple. All you have to do is purchase an LTCI policy that meets the requirements of the partnership program. Your long term care insurance Washington partnership program will be acknowledged as one if it has an automatic inflation protection of 5% if you’re 79 at the time of purchase. Once your LTCI policy has passed the criteria of a partnership program, you will be able to protect the total amount of your assets that is equivalent to your policy’s maximum benefit. Later, upon qualifying for long term care you don’t have to fear exhausting your policy benefits because you can apply for Medicaid to receive further care without spending down your assets. Get tips on how to lower your long term care insurance premiums. Visit our website for more details on long term care insurance Washington.
Related Articles -
long term care insurance, long term care,
| 
