Many elderly people are firm on the decision of selling their houses should they need to receive further care in the future. Right now, they only have Medicare and Social Security in mind.

According to them, they don’t see the point in investing in Social Security and Medicare if they can’t benefit from it afterwards. They consider long term care insurance quotes as just another bait to draw out money from their pockets but this is so contrary to the truth.

Only few understand that Medicare does not cover long term care. If you get lucky to be cared for in a nursing home via Medicare, this will only run for 100 days. After that, you’re out of the facility and where do you turn to next for additional care?

Besides, Medicare will only shoulder the expenses that you incur in a nursing facility if prior to your stay here you have been confined in a hospital for at least three days due to a medical condition. Medicare will refer to hospital documents before it takes you under its care. You have to be able to present medical findings from a licensed doctor because it is not intended to provide purely custodial care but health care.

Long term care insurance quotes will give you an array of options for long term care. You can choose to receive custodial care and long term health care at home, in an assisted living facility or in a nursing home.

You even get to decide how much you’re willing to pay in annual premium.

These long term care insurance quotes which you can ask from your LTCI agent, broker or better yet your state’s insurance commissioner, can be customized or personalized according to your needs. If you’re willing to pay a high annual premium, then go for the highest policy benefits such as $500 a day. Meanwhile, if you’re tight on budget being the bread winner of your family, you can start with a low maximum benefit and a short benefit period. Later when your finances get better, you can just request an upgrade of your LTCI policy.

Having an LTCI policy is not like Social Security which will only guarantee benefits that solely depend on how much you have contributed in all those years of employment.

Your LTCI policy will secure your future not for a limited time and then just leave you hanging in the air. In fact, you even have the option to get LTCI quotes for partnership programs which are advised by many LTCI experts these days, as this will ensure your future health care needs and at the same time protect your assets.

Buying an LTCI policy is making a good investment that will benefit you and your heirs.

Nothing can equate to the happiness of growing old in your family home than putting it out in the market when the chances of selling it are very slim, as home sales have dropped by a huge percentage.