Know More about Long-Term Care
Long-Term Care Insurance
Nearly 50% of Americans will need Long Term Care (LTC) at some point, according to a study by Americans for Long Term Care Security. While the ultra-wealthy can self -insure their long-term care expenses, people with moderate wealth may want to consider LTC insurance.
The Coverage You Need in the Location of Your Choice:
Whether you need care early on, due to an unforeseen accident, or later in life Long Term Care insurance can provide comprehensive support in many settings.
You can receive skilled services from a professional care provider like a nurse or a physical, occupational, or speech therapist. You can also receive care from a home health aide to help with health care tasks such as managing medications, an approved independent home health care provider, or from an informal caregiver.
Your Community - Adult Day Care Centers or Hospice Facilities
Facility Care - Assisted Living Facilities (ALFs) or Nursing Homes
Designing your Long Term Care Insurance Policy is easy. Simply choose from each of the following categories to build a policy that meets with your specific needs:
Daily or Monthly Benefit Amount - Daily benefits from $50-$500 per day
Monthly Benefit Options - $1500- $15,000 per month
Benefit Period - Choose from: 2 years, 3 years, 4 years, 5 years, 6 years, or a life time.
There are many other benefits included or available from a number of policies offered by various LTC Insurers, such as inflation protection, respite care for family care givers, shared care for couples and waiver of premium when the policy is paying claims.