Prioritizing Long Term Care Insurance for Women
The need for long term care insurance for women must be given topmost priority and main concern, not only from the government but also from the women themselves.
In our present society, the women are more often than not the ones who need to plan ahead regarding their future? Why? Because current surveys show that women live longer than men and that almost 85 percent of the population in a nursing home is composed of elderly women.
One of the reasons why women may not have their own LTC insurance policy is because of the fact that they are more of a domestic person than a working individual. Even if they used to work or be employed, after getting married or having their own family, they are the ones who usually quit their jobs to focus their attention to their husband and children. As a result, they forgot, or take for granted the importance of having an LTC plan.
It will also be hard for them to afford the usually high and expensive monthly premiums that these LTC policies offer. Just like most individuals, men and women alike, these already elderly women tend to think that saving up is the best way for them to somehow be able to compensate for all the LTC services and facilities that they would need in the future.
Sadly, because most women who do not own an LTC insurance policy is unemployed, the possibility of having an LTC insurance plan is more or less impossible for them. The continuous increase in the rates of monthly premiums also contributes to the difficulty of getting long term care insurance for women.
Apparently, an increase of almost 20 percent happens every year for almost all LTC insurance plans that are being offered and sold in the entire United States. This price change greatly affects the already expensive monthly premiums and will also give much more burdens to all uninsured individuals.
This is a sad reality because even if the government exerts more efforts and attempts to make LTC plans more affordable and be easier available to the public, some residents seem to still not give it importance and just realize its real worth once they are already caught up in a hard condition.
One more problem about women not owning an LTC plan is that they just end up being cared by their children or other relatives who are not really familiar or are not authorized to handle or supervise older persons with delicate health issues. As a result, they sometimes do not get all the services and facilities that they need in order to speed up their recovery and to lessen their burdens brought about by their illness and old age.
Early LTC planning is one good and helpful way of how women can prevent these problems to happen to them. As long as they are healthy, young, and have stable financial income, they must seize and make use of that time to consider getting their own LTC plan. Hopefully, with the continuous and undying efforts of the government, private sectors, and insurance companies, long term care insurance for women will no longer be a problem in the years to come.
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