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Long Term Care Insurance
Finding the right Long Term Care Insurance is difficult...
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There are dozens of plans to choose from. Each one covers your needs differently
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Policy details, benefit triggers, and plan structures are hard to understand
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Choosing the wrong plan structure can lead to coverage gaps or higher costs
The Solution
We make it easy to find the right Long Term Care Insurance!
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We know which long term care products are the best and which one will meet your needs
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We explain exactly how your plan benefits work so that you can avoid confusion
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We help design your coverage so that it meets your long term goals and needs
Frequently Asked Questions About Long Term Care Insurance:
What Is Long Term Care Insurance?
Long Term care insurance helps cover the cost of extended care services if you become unable to perform certain daily activities due to aging, illness, or injury. These policies can help pay for care in settings such as your home, assisted living facilities, adult day care centers, or nursing homes.
What Types Of Care Does Long Term Care Insurance Cover?
Most long-term care policies can help pay for several types of care, including:
• In-home care or home health aides
• Assisted living facilities
• Adult day care services
• Skilled nursing care in a nursing home
• Memory care for cognitive conditions
The exact coverage depends on the policy you choose. Please reach out to schedule a meeting with us to see your what your recommended options would cover.
When Do Long Term Care Benefits Begin?
Benefits usually begin when a policyholder is unable to perform two of the six Activities of Daily Living (ADLs), such as bathing, dressing, eating, transferring, toileting, or continence. Benefits may also be triggered by a qualifying cognitive impairment such as dementia or Alzheimer’s disease.
If you have concerns about a specific situation, please reach out! We can discuss the details to see what you would qualify for.
What Is An Elimination Period In A Long Term Care Policy?
An elimination period is the waiting period before benefits begin after a claim is approved. Common elimination periods include 30, 60, or 90 days. Choosing a longer elimination period can sometimes lower the cost of the policy.
What Is The Best Age To Buy Long Term Care Insurance?
Many people purchase long-term care insurance between ages 50 and 65. Buying coverage earlier can help you qualify for better health ratings and lower premiums, while waiting too long may make it harder to qualify or increase the cost significantly.
If you would like to strategize about when it would be best to buy Long Term Care coverage for your specific situation, then please reach out!
