Here's why you should consider insurance Long Term Care

What are the long-term care and who may need it? Well, for starters, it is not only the "elderly." In fact, those who need long term care, 37% are 64 and under, according to the American Association for Long Term Care Insurance.

long-term care refers to help with daily activities that disabled persons or chronic, lasting more illnesses may need, such as assistance with eating, bathing and dressing. Long-term care also includes assistance for people with cognitive disorders such as disease and Alzheimer's dementia. In addition, this type of care can be provided in a variety of settings, such as your home, assisted living community or nursing home.

What do you think can pay for these health insurance services and disability insurance General not

instead, a typical policy for long term care insurance helps cover the cost of long term care services, including :.

• Assistance in your home with daily activities such as bathing, dressing, meals and housekeeping services
• Visit nursing and / or health workers home who come to your home
• services available in your community, such as adult day care
• the cost of an assisted living community
• home care nursing

While the good news is that people are living longer, the bad news is that the increase in life expectancy also increases the chances of needing long-term care services , which can be costly.

Without the long-term care insurance to help cover the cost of needing long term care services, you run the risk of depleting a savings life. With the assurance of long-term care, you are in a better financial position to make the choice of what long-term care services you receive and when you receive them.

In addition the long-term skilled care insurance receives favorable treatment of income tax. The services of qualified assurance of long-term care for the most, are not taxable income for the recipient to a daily limit ($ 330 for 2014).

eligible premiums paid for the insurance of qualified long-term care can be applied to achieve the 7.5% "floor" for medical expense deductions on your tax return on income federal. The amount of allowable long term care premium that can be applied to the floor of 7.5% depends on your age.

Because there are so many factors involved in long-term care insurance, it can seem overwhelming. But an insurance agent can sit with you at no cost, and help you find a policy to meet your needs and budget. If you are not an agent or do not know how to have a choice, you can start here.