Who Needs Long Term Care Insurance?

Fri, 10/30/2015 - 12:42pm
Woman walking away from camera while pushing wheelchair

Long Term Care Insurance (LTCI) helps provide for the cost of long term care and covers services not typically covered by health insurance. LTCI can help protect a family from financial disaster. There are Long Term Care Insurance plans for every budget. Some families need only part-time help in the home that allows time to sleep and run errands. Others prefer full-time professional assistance. Policies can help cover for assistance with bathing and dressing. Other policies include nurses and therapists. Even a small plan can go a long way.

People use Long Term Care Insurance for:

  • Adult day care
  • Respite care
  • Hospice care
  • Assisted Living
  • Home Care
  • Nursing home
  • Alzheimer’s facilities

Long Term Care Insurance is not only for eldercare. 40% of those receiving benefits are under 64. Although most policyholders do not use their benefits until they are older, you don’t want to wait too long to purchase a policy. If you wait until you need it, you will not qualify for coverage.

Do you have questions? Do you wonder if Long Term Care Insurance is right for you? Give us a call or contact us online. We’re here to help.

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