Long-term health care offers policyholders coverage if they develop chronic
illnesses or become disabled and are unable to care for themselves for
a lengthy amount of time. Long-term health care can cost an average of
almost $84,000 a year without insurance, but a growing number of employers
are now offering long-term care a voluntary through their insurance plans.
Below is a list of four things you should know about long-term care insurance
before deciding whether it is right for you.
1.Decide Where You Need Care: There is a common misconception that long-term care insurance only offers
coverage for policy holders who are living in an assisted living home,
hospice care or nursing home. While that may have been true years ago,
today policies are designed to allow home care for those who prefer to
age in their own home.
2.Benefits Are Flexible: Policies are much more flexible meaning you can use your benefits to install
things like walk-in bathtubs or grab bars in your bathroom. Other personal
care supplies such as lift chairs or specialized hospital beds can be
included as part of your benefits.
3.Family Caregivers Can Be Supported: Long-term care plans recognize how important family caregivers can be to
policyholders, which is why insurance carriers have provided options for
reimbursement and training for family caregivers.
4.Not Just for Older People: Preparing for retirement and the hurdles of old age is important. Applying
for long term care benefits is cheaper the younger and in better health
you are. Additionally, accidents and illnesses that require assisted or
home care can happen at any age, investing earlier could make these plans
more affordable for you in the end.
Insurance Specialists, Inc., encourage you to learn more about
long-term care so you and your family can be prepared should you ever need assisted care. Our
professional insurance administrator offers long-term care insurance,
contact us today for more information.