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Long Term Care Insurance Is Option To Avoid Mandated Family Caregiving
Disruption of life is common among many of the 42 million Americans who provide unpaid care to family and friends reports the director of the American Association for Long-Term Care Insurance.
“Some 42 million caregivers provide unpaid care to family and friends at any given time," says Jesse Slome, AALTCI's executive director. "These are dedicated and loving adult children with aging parents and good neighbors who provide an estimated $450 billion in unpaid care but their generosity comes with a cost, often a very high cost in terms of disrupted lives."
Studies have shown that although family caregivers providing long term care services usually undertake these required care services willingly, they often experience high levels of emotional, physical and financial stress. "Many are adult women who now have to juggle jobs and caring for their own families with their caregiving responsibilities,"
Speaking to insurance professionals in advance of November's Long Term Care awareness Month, Slome urged discussions with focused on planning to avoid giving adult children with aging parents no other choice but to disrupt their lives to provide unpaid care.
"Long term care insurance http://www.aaltci.org/
The ideal ages to start a long term care plan is between ones mid-50s and mid-60s according to the AALTCI director. "We strong urge people to start planning prior to retirement and qualifying for Medicare," Slome told the group. "Medicare comes with wonderful free health screens that many take advantage of, but those screens uncover conditions that impact a person's ability to health qualify for coverage."
Established in 1998 as a non-profit trade group, the American Association for Long Term Care Insurance advocates for the importance of planning for long term care and supports insurance and financial professionals who market LTC insurance. To obtain free, no-obligation long term care insurance costs call the organization’