Long Term Care

nurse taking patients blood pressure

Long Term Care

What is Long-Term Care? 

Due to aging, a prolonged illness or injury or mental or physical illness, some people find themselves in need of help with eating, bathing, dressing, toileting, continence and/or transferring (e.g. getting out of a chair, a bed, etc.). These six actions are called activities of daily living — sometimes referred to as ADLs. Generally, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need long-term care.

Long-term care insurance specifically covers the cost of nursing homes, home health care, assisted living and other long-term care services. Usually, these services aren’t covered by traditional health insurance or Medicare. 

Long-term care insurance typically pays benefits for covered long-term care services, including services you receive:

  • In your home
  • In an assisted living facility
  • In a nursing home​

The purpose of long-term care insurance is to help protect you against the risk of paying the high cost of long-term care services.

Why do I need coverage?

A long-term care insurance policy may help you:

  • Remain independent and receive quality care in your home
  • Avoid tasking your family or friends with the responsibility of caring for you
  • Keep your savings intact for the things you really want to do ​
What policy is right for me?

A long-term care insurance policy can be tailored to meet your needs. The basic features of a long-term care insurance policy include:

  • The benefit period
  • The monthly benefit amount
  • The elimination period 
  • The maximum lifetime benefit amount
  • Inflation protection options​

Most long-term care insurance policies also offer a variety of optional features that can be added at an additional cost. It is challenging to think through this alone. Schedule a complimentary consultation today.

nurse sitting with patient