Americans are living longer than ever at the same time that average nursing home costs can reach well into the tens of thousands of dollars each year. For those who do not invest in Long Term Care insurance, this can be a dangerous combination.

Even for those who do not end up needing the services of a nursing home, an equal financial burden can be presented by home health care and other requirements - especially since many of these services are not fully covered under Medicare.

In a column on CBSMoneyWatch.com, retirement expert Steve Vernon examines the care options elders will have based on cost. The lowest-cost option he cites is for family and friends to pitch in to take care of an individual, while other more expensive options include home health aides, adult day care and assisted living facilities or nursing homes.

Vernon also added that many people will start with the lower-cost options but then require more expensive care as their level of health deteriorates.

Even those who are currently healthy have no way of knowing what their medical condition will be like years from now. With that in mind, long term care insurance is a wise investment to consider.

For more information go to www.freeinsurancerelief.co.cc