Read the text and answer the multiple choice question by selecting all the correct responses. You will need to select more than one response.
In order to give yourself some peace of mind about how you will be cared for when you are unable to care for yourself, is something that needs to be taken care well in advance. Keep in mind that your health care coverage will only pay for what is medically necessary for your treatment and in most cases does not provide for how you will be cared for.
This is why it is important for you to start looking for long-term care insurance now. By getting a good policy, you can secure your future without infringing on the freedom of your loved ones. There are a few things you can do to make shopping for the right long term care insurance policy much easier.
Since this type of policy is considered a financial investment; you need to shop around in order to find the best price. The total of the premiums that you will pay over time will add up to a very high amount.
There are several factors that will determine how much your premiums will be. These factors include your age, health, and gender. You need to take into consideration your income and any assets. If you have a great deal of assets, your policy could offer you some protection in the long run. It is recommended that you shouldn’t spend more than 6 percent of your total worth on a long-term care insurance policy.
During your search, you will come across many different types of policies. You need to make sure that you select coverage that fits your needs and in order to do so, you must understand the differences between the policies.
Keep in mind that different companies play by different rules. Before you select any particular policy, you need to learn all you can about that policy and the company that is offering it.
Question:
Why Long Term care insurance is important?
A. Your health care coverage will pay for what is medically necessary for your treatment.
B. Basic Medicare benefits only cover short term or irregular care, and they do not cover long term care.
C. Your care could be from a home health aid, a nursing home, and assisted living home, or even an adult day care.
D. You can secure your future without infringing on the freedom of your loved ones.
Answer:
A. Your health care coverage will pay for what is medically necessary for your treatment.
D. You can secure your future without infringing on the freedom of your loved ones.
