If you’re a native of Texas and you have accumulated so many assets from the time that you joined the workforce, you ought to consider a Texas long term care partnership insurance policy. It’s a collaborative effort of the state and private insurance companies to encourage Texans to plan their healthcare.

You will not find a single long term care (LTC) facility in Texas that is affordable. Everything is expensive from nursing homes down to home health care. In fact, the government has its eyes on the small towns of the state with low family income, as they are responsible for the high expenditures of Medicaid on long term care services.

These small towns with a high poverty rate usually have the most number of residents who need serious care, but since they cannot afford the cost of LTC services they resort to Medicaid. Unfortunately, Medicaid is running short of funds and this explains why the government is egging Texans on formulating a definite plan for their healthcare needs.

Long term care planners can consider reverse mortgages, annuities, 401K, or long term care insurance (LTCI) among others. Of all the options that are laid down for them, an LTCI policy is the most ideal but not everybody can afford it especially if one has gone beyond the age of 65 already.

Studies reveal a big percentage of people between ages 70 and 76 are still working and unmindful of the toll that this can take on their health. Majority of them are uninsured and fear the possibility of their savings being wiped out by LTC expenses. They have opted for the postponement of their retirement so that they can strengthen their nest egg and secure their family’s future.

Instead of traveling the world, spending longer time with their families; or perhaps, figuring a good retirement investment they are still working so hard and they have every reason to do so.

Just thinking of the cost of a year’s stay in a Texas nursing home will drive you nuts. Elderly folks who are receiving care in nursing homes are currently forking over $60,225 annually so without insurance coverage how can one possibly afford a two or three-year stay in a nursing home?

Inquire About Texas Long Term Care Partnership Program

Statistics show McAllen, TX has the highest demand for nursing care as it happens to have the highest poverty rate. Aside from hunger, the high drinking incidence here is also another factor which triggers chronic illnesses.

Older people who come down to debilitating conditions usually find it hard to recover and require LTC services thereafter.

If your parents are pushing 60, take the initiative to discuss with them their LTC plan before they end up extending their working years like those poor 70-plus elderly mentioned earlier.

Though most insurance companies would only approve the LTCI applications of healthy people and decline those that manifest symptoms of any type of sickness, you won’t lose anything by simply checking out LTC plan options for your folks.

You can help them look into the Texas long term care partnership policy to protect the assets which they have worked hard to acquire. Contact your insurance agent or consult the department of insurance to inquire about spousal discounts.