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Long-Term Care Planning
What is Long-Term Care?
Long-Term Care Insurance provides you and your family
funding for extended health care should you become
unable to care for yourselves. It helps you protect your
savings and helps you avoid “spending down” your assets
in order
to qualify for Medicaid.
Long-Term Care Insurance policies help pay for nursing
home care and most levels of other care including skilled,
intermediate and custodial care in a nursing home, assisted
care facility, adult day care or home care.
Who Needs Long-Term Care?
Today, Long-Term Care Insurance is important for people
of all ages who wish to preserve financial security and in-
dependence in the event of an extended disability. And,
despite popular misconceptions, the need for long-term
care isn’t restricted to the elderly, as many working-age
adults sustain disabling injuries and illnesses as well.
How Does Long-Term Care Work?
Long-Term Care is a very flexible product. We will
work with you to choose the policy that is best for you.
Items that need to be considered include the daily
benefit amount, which is the amount the policy pays
each day you need long-term care, the benefit period,
which is the length of time that you will receive the daily
benefit amount, and the elimination period, which is the
number of days that you agree to pay for long term care
before the policy begins paying.
What is the average cost per day for Nursing Home Care?
If you would like more information on Long-Term Care,
please contact our office directly at 888-879-5181.
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