Planning in your late 40's and early 50's on how to manage and pay for a long term care event is a critical part of a financial plan.
Portland, Oregon (PRWEB) February 27, 2015
Julianne Moore took home an Oscar for Best Actress at Sunday’s Academy Awards for her part in the film Still Alice and shed light on an important topic in the long term care industry. In the film, she portrays a professor at Columbia University who is diagnosed with early-onset Alzheimer’s disease.
The film paints a very real picture of the emotional, physical and financial struggles that a diagnosis of Alzheimer’s, especially at the young age of 50, can bring to a family. Awareness is key in a film like this, as Moore stated in her acceptance speech, “I’m so happy, I’m thrilled actually, that we were able to hopefully shine a light on Alzheimer’s disease.” By bringing more awareness to this disease we can hopefully be closer to finding a cure.
Alzheimer’s disease is one of the leading reasons for needing long term care, and much of the cost associated with it, such as Home Health Care and Memory Care Facilities, are not covered by Medicare or health insurance. When it comes to paying for, or providing, care many people think they could rely on a family member. Often times when they start to see the physical, emotional and financial cost of providing care, many are forced to pay for professional help. According to a November 2010 study by Age Wave, the number one reason people plan ahead for long term care is that they don’t want to burden their family. http://www.agewave.com/research/GWFamilyMatters101210-reduced.pdf
For a lot of people, purchasing long term care insurance is a great option and many people are unaware of how affordable it can be.
“Alzheimer’s Disease affects millions of people today and will grow even more as Americans age. Planning today for even the simple things like family members knowing login names and passwords to use for financial accounts so they may gain access can make a huge difference,” says Nathan Sanow, Executive Director and co-found of LTC Consumer. “Planning in your late 40's and early 50's on how to manage and pay for a long term care event is a critical part of a financial plan.”
You can see an estimated monthly cost for long term care insurance by using LTC Consumer’s Instant Quote tool at https://ltcconsumer.com/instant-quote/default.aspx
LTC Consumer is an independent free online service for information on long term care insurance, whose website offers education on what long term care insurance is, when to buy it, and how much it costs – all without having to speak to a commissioned sales agent. Users can choose to be put into contact with a professionally licensed LTC Consumer specialist who can answer questions, help them with the process of evaluating specific policy features and carriers, and assist them in completing an application.