The Staggering Costs of Long Term Care Insurance

 

Just when people start to realize the need for a long term care insurance, they might be doubtful and hesitant again when they learn about its costs.  Yearly, the price of LTC policies continue to rise.  Premiums have seen a 6 to 17% increase as compared in 2011 and are shocking policyholders and interested buyers.

This is one of the reason why people are thinking twice about LTC.  Some ask for long term care insurance quotes, and just by seeing the numbers, they can already decide that the cost is too much, and probably they really do not need LTC insurance. (Do You Really Need Long Term Care?)

However, there are various ways to save on premiums such as health discounts, spousal discounts, group discounts, tax deductions, and annual premium payments.  If buyers will be informed about this, it may help them in coming up with better decisions.  Here’s a more detailed discussion on how to save on long term care premiums.

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For Grandparents Receiving Long Term Care

Truly, there’s a unique relationship between children and their grandparents.  But sometimes, we often neglect the times we get to see and be with our grandma or granddad, and when it’s already too late, that is when we start to wish we could’ve seen them more often.

Seniors are usually the ones who are inflicted with chronic diseases and disabling condition,thus this require them to receive long term care.  Most of the times, families are too busy to look after their parents and be their caregivers that is why they decide to take them in to nursing homes and other care settings wherein they can be better taken care of.

In such situations, the children as well as the grandchildren are unable to visit frequently, and then start to miss their parents/grandparents and wish they can spend more time together.

Below is a song by John Prill. It’s called “National Grandparents Day Song: A Song for Grandma and Grandpa.  Verse One and Two talk about the things that we often do with our grandparents such as going to ball games, fishing, eating granny’s cookies, and looking at photos together/ These are also the same things we often miss when they are already away.

For those with grandparents in nursing homes or assisted living facilities receiving long term care, be sure to visit them often and try to do the same things you do with them before.  They sure miss you and their happiness will play a big role in their health recovery.

If you want to listen to the song, click here for the clip: The National Grandparents Day Song