A Springfield financial planner can answer questions people have about about long term care insurance. This insurance policy pays for extended health care people need as they age. People live longer today than ever before in history. People living to over one hundred years of age is no longer a news headline.

Another reason why people live longer today is because people eat a better diet and exercise more than in the past. Fewer people smoke tobacco than in the past which means that not as many people are succumbing to the effects of nicotine. But as people age they develop age related conditions that can be helped by medication but cannot be cured.

Many people need long term care for age related conditions such as osteoarthritis, Parkinson’s disease, and Alzheimer’s disease. These are only a few of the many problems people develop as they grow older. Many families cannot take care of aging parents either because they do not have the space in their homes to house an aging parent or because they do not have the resources to take care of a person who needs ongoing medical attention.

Skilled nursing facilities and home health care is expensive. Medicare will only pay the bill when a person has depleted all of his or her financial resources. Once Medicare is the primary payer a person has no say in the type of care he receives.

Long term care insurance will pay for skilled nursing homes, home nursing care, and all other types of medical care an aging person will need. The person who has insurance will be able to choose the type of care he receives unlike the Medicare patient who has to accept the care that is chosen for him.

No one wants to think that they will need long term care in their later years. But a person might be glad later on that he bought a long term care policy today. The plans offer different benefits depending on many factors. A Springfield financial planner can answer questions about these types of policies.

Arranging your financial affairs doesn’t have to be difficult when you use the services of a Springfield financial planner. You can check out some details by visiting the website at http://www.sfinancial7.com .