In my last blog I shared with you that the United States government has produced and distributed literature on the topic of long term care. Our own government has taken the time to study the matter in great detail and warn its citizens not to depend on government assistance to help us in old age or ill health. Does that raise any flags for you? Are they red, white, and blue?
Most Americans have misconceptions about the U.S. government’s provisions–misconceptions that will turn out to be detrimental to their lifestyle when they find themselves in a situation where they turn to the government for assistance and hit a brick wall.
Did you know that whether or not Social Security will be available for you when you reach “age” is irrelevant in situations involving the care of your aging or ill body? That Social Security is not related to long-term care in any way? The same is true for Medicare! Most of us only have a cursory knowledge of those systems, and a lot of misconceptions about their functions. A lot of readers are probably thinking about “Medicaid” at this point, but that is truly a welfare program designed for people who have fully exhausted their life savings and are defined as “poor.”
Is that where you worked hard your whole life to end up? At that point, you would actually become a ward of the state and have no input as to what type of care you receive or where you receive it.
I know, all our lives we hear people trying to prepare us for the future. In high school, teachers prepare us for college. In college, professors prepare us for the real world. Well now in the real world our elders are telling us to beware of what’s ahead, that we need to become prepared to take care of ourselves comfortably in our golden years because it’s likely no one else is going to.
Do you know exactly where you stand? Are you sure you are protected? It’s okay to ask the questions! We insurance experts are here to help you take a pro-active look at exactly what kind of protection you have and compare it to what you need. We’ll tell you if you are over-insured, under-insured, or if you are paying for a policy that is simply not written to meet your situational needs.
What questions can I help answer for you?
See you next time on Chaz Sayz!
