Who Should Purchase Long Term Care Insurance?

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It is pertinent to take into consideration the cost of long term care insurance. This insurance is very expensive and would only be feasible to someone who does not have to worry about getting into financial turmoil due to high insurance premiums. Anyone who is strapped for cash when their monthly bills come due or when they have to purchase food or medication does not need the burden of a long term care insurance policy. If you are within the poverty level and are eligible for Medicaid, it will pay for nursing home facility care.

 

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