Before we take a look at the pros and cons of long-term care insurance, we should explain why it is relevant.
Indeed, it is easy to be confused when you know you will qualify for Medicare as a senior citizen. Long-term care has to be covered, right?
Whether it makes sense or not, the Medicare program simply does not cover the custodial care that nursing homes provide, and it does not pay for in-home care.
Don’t Be Overconfident
It is hard to imagine a time when you will need this level of assistance, but it is also hard to fully grasp what it will be like to experience life as an octogenarian. According to the Social Security Administration, the life expectancy for a 67-year-old woman is 87 years, and it is 85 years for a man.
Over 30 percent of people that are 85 years of age and older have contracted Alzheimer’s disease according to the contact form if you would prefer to send us a message.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
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