Long-Term Care Insurance 101: What You Need to Know
Many families worry about how they will pay for the costs of care for their senior loved ones. If a senior’s needs are non-medical, options like health insurance, Medicare, or Medicaid will not cover some of the costs of senior care.
Investing in a long-term care insurance (LTCI) policy is one of the best ways to financially prepare for long term care, and it can be a great way to give families peace of mind as their senior loved ones age.
Not only does LTCI cover in-home care through home care providers, it also covers other options like assisted living, skilled nursing, and memory care communities. Some of the key components to consider when purchasing a LTCI policy are the benefit amount, the benefit period, and the elimination period.
Making the LTCI investment before a senior’s health changes or emergencies occur will give families more options when the time comes for finding quality care for a loved one.
LTCI Policies can be difficult to navigate, which is why the we help process the paperwork.