Providing Long Term Care Options to Washingtonians

Long term care in Washington is, indeed, very expensive that is why residents of this state can just hope that there won’t come a time that they would need to grow old, weak and sick. Buying a Washington long term care insurance (LTCI) policy is no doubt the only thing that can help them get by but it appears that the residents are only half-heartedly interested in this product.

Washingtonians are not to be blamed for turning away from the standard LTCI policy. They have every reason to be discouraged by this type of insurance product especially if their only source of income is their daily eight to five job.

Truth is, a big percentage of Washingtonians were banking on the long term care (LTC) benefits that they would’ve received from the Community Living Assistance Services and Supports Act (CLASS Act) had it not been junked by the administration. According to them, it could’ve served as the perfect alternative to private LTCI policies.

Apparently, many people still don’t see that CLASS Act was not created to replace private insurance but to serve as a supplemental LTC insurance. That explains precisely why it had such limited offerings and thus lawmakers still have to assess it further before deciding whether to serve it to public a second time or to completely abolish it.

People of Washington are now encouraged to plan independently for their LTC. All the options and tools have long been laid out for them to utilize in planning.

The fact of the matter is, everybody in Washington is being egged on buying an LTCI policy because this is the only product in the market that will provide them access to quality care and asset protection at the same time. While they can receive topnotch LTC from reverse mortgages and annuities, too, they don’t have the guarantee that their nest egg and other assets will remain intact.

Affordable Washington Long Term Care Insurance

Washington has partnered with private insurance companies marketing LTCI policies so that they can get young and old Washingtonians to plan their future health care needs. This excellent partnership has eventually brought forth the Washington Long Term Care Partnership Program.

Through this insurance program, the insured individual will not only receive LTCI coverage but may also qualify for supplemental care from Medicaid, should the need for it arise in the future, without spending down his assets to meet Medicaid’s asset limit requirement.

Washington’s LTCI Partnership Program was created to encourage more people in the state to plan for their LTC needs because the cost of care will continue to increase in the years to come. In the absence of a concrete LTC plan, they are at risk of spending all of their hard earned money in exchange for quality care.

Everyone is rightfully entitled to receive quality LTC but you have to understand that it would be impossible for the health care industry to provide first-rate services if the scarcity of funds hinders them from doing what they are supposed to do.

Take charge of your future with a Washington long term care insurance policy. Contact a licensed insurance agent who specializes in this area to find out what your options are.