Most people don't like to think of disabilities they may encounter or illnesses they may have to tackle, but it's something that we all need to consider.  In order to ensure that you are provided with care for the long haul in the face of an illness or disability, there are several factors you may want to consider.

  1. Your health:  Cost is always a factor and if you are relatively healthy, you will have lower costs associated with purchasing a policy, so it may be better to buy now, rather than wait until it's too late.
  2. Your age:  Younger age is also a factor in obtaining low cost long term health care policies.
  3. Your family and friends:  Do you have enough family and friends that will take care of you that the costs you may need for your long term care may be minimal?  If so, you may not need a large policy.
  4. Premiums and how much your income is:  If you have a fixed income and still have plenty of disposable income, long term care insurance may be a possibility for you, but you do not want to spend hundreds, thousands of dollars on a policy that you may not ever have the need for if you don't make enough money to cover all your expenses. 

There are many other factors to consider, including taxes, your savings accounts, your assets, policies your partner may have, etc.  If you are interested in long term health care, please contact an attorney who can ensure your complete understanding of the benefits and risks of long term healthcare.