Long Term Care Insurance
If you’re ever unable to perform everyday tasks for yourself, you may need LTC (long-term care).
People who are unable to get dressed, eat or bathe alone often need this type of coverage. LTC also covers people who suffer from cognitive impairments like Alzheimer’s disease. This care can be received in your home, a nursing home, or an assisted living facility.
I’m Young and Health – Why Would I Ever Need LTC?
LTC is needed in cases where chronic illness, injury, disability, or age keeps you from being able to take care of yourself. 60% of people who reach the age of 65 will need long-term care at some point in their lives. Unfortunately, this isn’t just limited to retirees. 40% of the people who receive long-term care services in the United States are working individuals, between the ages of 18 and 64. Long-term care coverage ensures that you’re prepared if something was to happen to you.
Understand What Long-Term Care Coverage Is and Isn’t
Long-term care coverage policies can cover you completely or in part if you’re ever in need of LTC. Most long-term insurance plans will allow you to choose the type of coverage you want, along with how and where you want to use your LTC benefits. From custodial to skilled, comprehensive plans include benefits for all level of LTC. It’s important to note that LTC isn’t the same medical care you receive at a hospital or doctor’s office when you’re sick or injured. It’s not for short-term rehabilitation after an accident or surgery. It’s also not always administered in nursing homes. More than 80% of people receiving LTC aren’t even in nursing homes. Give us a call now. We’ll help you determine which long-term insurance coverage plan is best for you.
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