It is estimated that 60% of us over the age of 65 will need long-term care at some point in our lives.  If you think Medicare, Medigap policies or regular health insurance will pay for long-term care...guess again.  And yet only about 7% of us currently have long-term care insurance.

With nursing home costs now at around $70,000 a year, long-term heath care insurance makes more sense than ever.

If your current employer offers long-term care insurance, find out about it today. Employer group policies are usually cheaper than individual policies, and most are portable if you change jobs.  Many even allow you to buy coverage for your parents.

If your employer doesn’t offer this, talk to an insurance agent who specializes in long-term care.

You don’t want to choose the wrong policy because once purchased, you’re usually wedded to it forever or forced to buy higher premiums with a new policy.