Long-Term Care Insurance helps pay for care when you can no longer take care of yourself due to age, illness, or injury. It can cover services at home, in assisted living, or in a nursing home, so you won’t have to rely only on your family or savings.
Long-Term Care Insurance
Don't let the cost of long-term care drain your savings. Long-Term Care Insurance can help you protect your assets and ensure that you receive the care you need when you need it.
Long-term care refers to the services and supports needed to meet their care needs as they age, such as assistance with activities of daily living (ADLs) or medical care for chronic conditions.
As you age, the likelihood of needing long-term care services increases. Long-term care insurance can help you pay for the care you need while protecting your assets and allowing you to control your care decisions. Our Insurance Agency offers long-term care insurance policies that provide comprehensive coverage and peace of mind.
Long-term care services can be expensive, and traditional health insurance and Medicare may not cover all the costs. Without insurance, you may have to rely on your savings or assets to pay for long-term care services, which can quickly deplete your retirement savings and put your financial security at risk.
A long-term care insurance policy can provide financial protection and help you plan for the future. With a policy in place, you can
Some policies only cover nursing home care. It doesn’t cover assisted living facilities, which is important since this type of care is rapidly expanding.
Solution
Long-Term Care insurance should be considered to cover these expenses.
In-home care & nursing coverage
Risk Factors
You may end up paying for in-home care, including nursing care and physical therapies.
Solution
Many long-term care policies also cover in-home care, including nursing care, physical therapy and medical equipment.
Adult day care coverage
Risk Factors
You may have to pay them for their services from your pocket if you hire a caregiver.
Solution
Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.
Modifications to house coverage
Risk Factors
You may need to build a wheelchair ramp for one of your family members because of their medical conditions.
Solution
Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.
Major diseases coverage
Risk Factors
A family member may be affected by a major disease and need continuous care, which may cost you money every single day.
Solution
Most policies cover care related to Alzheimer’s or other forms of dementia, but there are exceptions. Because this is a common condition, double-check that it’s included in your loved one’s policy.
