You have probably heard about health insurance and even accident insurance. What on earth is long term care insurance? Let us imagine you have just undergone a heart surgery. A few blockages were found in your heart and doctors were forced to do a bypass to ensure that the problem is solved forever.
Your insurance policy will cover the cost of the operation along with other related medications. However, can you come back home and start going to office from the very next day? Of course not. Heart surgery is a major surgical operation.
Even a healthy person will find it difficult to recover from the surgery without taking adequate rest. If you are an old person, then you will require extra care to ensure an infection does not take place and no harmful complications or side effects occur due to the surgery.
When you are finding it difficult to walk a few steps without feeling pain, is it not obvious that you will need somebody to take care of you? Asking your son or daughter to help you out is the most logical option. However, what if they are employed and busy with their own lives? If you ask, they will definitely take time out to help you out. However, do you think it is right to place the extra burden on your children?
This is where long term care insurance enters the picture. The policy will pay for the cost of the nurse and will pay for the cost of taking care of you after you undergo any surgery or when you are affected by any illness or medical complication that requires constant care.
This is a very important protection because an individual may be in a position to manage the cost of the operation by borrowing money from friends and relatives. However, it will very difficult to make changes to the lifestyle and get a nurse and setup your room in such a manner that all the necessary medical equipment is available at short notice.
The cost of surgery will definitely be lower than the cost of taking care of your health for years at a stretch. Since you opt for health insurance regularly, it is but obvious that you should opt for long term care insurance as well.