Why Should I Purchase Long Term Care Insurance? 
You should purchase long term care insurance if you have a substantial amount of money saved up or invested that you do not want to go to pay for long term care costs , if such care is needed . When people become unable to care for themselves due to illness or age , and if it becomes necessary to hire in home care or move to where extended care is provided , the cost for that type of care is steep . It can deplete savings quickly , and in order for Medicaid to help , the law dictates that the person receiving the care must first deplete investments and assets down to a set amount . Having long term care insurance pays the bills for in home care , nursing home care , or other types of care that are needed , thus protecting assets and investments . Having this source of funding also allows you to make more choices in your care rather than having to rely on what Medicaid will allow . 