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-- insurance quotes dot com showing over half of all Americans know very little about the issue of long term insurance.
Philip Carson and Medicare are ageing population is company may want to take a closer look at joining us now is dining in managing editor.
It's not common and first up this poll that different percent of Americans don't even really understand.
What long term insurance is and yet you say we probably -- Many people do you should really consider it especially in your forties and fifties.
And if you look at the cost of long term care for instance in -- nursing home.
That can easily top 80000 dollars a year so.
-- and something that everybody should consider looking hat with a financial planner or some other financial advisor right.
And then and don't care you what you wanna stay in your home and we're seeing this trend were a lot of people do -- -- say their home.
That's a 175000.
Dollars peers of these policies is -- don't care policies will copper that.
But you're saying Americans think that they're much more expensive than they actually far.
For a healthy 55 year old couple the cost is all -- -- a little over 2000 dollars a year about 2700.
People in the poll the biggest -- was 7000 dollars so they were way off on that this kind of insurance isn't nearly as expensive as people think it as.
OK and also this is this is what happens only go beyond Medicare Medicaid -- insurance coverage.
I mean is there you know -- -- and what we're saying medical science which has been amazing we're now living much longer.
You know depending on what disease wind up with -- mean cancer patients -- are well outlet these statistics you're saying that that's why we need to have this.
Definitely it we are living longer and you're gonna have a lot more people in the baby boom generation.
Who were coming of age where they may not be able to take care of themselves the way they used to so it's definitely something that people who especially those were help the and can lock in lower savings.
Need to consider especially in their forties and fifties.
Also you know the average is about policies about three years and he wants it kicks in the averages that you whether -- hospice or home rehearsing them three years.
At the same time now we do have a brand new system of health care in this country you don't think that that's a big piece of the -- why.
We're seeing more Americans looking at this issue but there's another gonna need back up frankly.
Well the existing insurance we have now won't cover everything and in this case in long term care insurance covers custodial care so you're not really looking at the long term health care needs of people.
Hear more looking at the ability take care of yourself.
Yeah well you know -- we're all living longer because thankfully medical science is fascinating but it's going to be expensive.
Johnny and thank you very much of that we don't think a lot -- -- anytime.
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