Long-Term Care Insurance in/throughout StateLong
Long-Term Care Insurance helps you protect your assets and maintain financial security should you need extended care later in life. The phrase “long-term care” refers to a broad range of medical and personal services — assistance you may need if you are unable to care for yourself due to a chronic illness, disability, or physical and mental impairments that limit daily living activities.
The national average cost of one year in a nursing home exceeds $55,000 — and in some regions, it’s more than double that. Medicare coverage is very limited. Long-term care insurance fills this gap, protecting your savings and giving your family peace of mind whether care is needed at home or in a facility.
Our agents help you evaluate coverage that protects your assets and supports your family when it matters most.
Long-term care insurance helps pay for extended personal care that health insurance and Medicare largely do not cover, such as a nursing home, assisted living, or help with daily activities at home. It protects your savings from the high cost of long-term care.
What It Covers
Policies typically help pay for nursing home care, assisted living facilities, adult day care, and in-home assistance with everyday activities like bathing, dressing, and eating.
How Benefits Are Structured
Coverage is usually defined by a daily or monthly benefit amount, a benefit period, and an elimination period before benefits begin. Buying earlier generally means lower premiums.
What is long-term care insurance?
It is coverage that helps pay for extended care services, such as nursing home, assisted living, or in-home care, when you can no longer perform everyday activities on your own.
Doesn’t Medicare cover long-term care?
Only to a limited degree. Medicare may cover short-term skilled care after a hospital stay, but it does not pay for ongoing custodial long-term care, which is where this coverage helps.
What does long-term care insurance cover?
Most policies help pay for nursing homes, assisted living, adult day care, and in-home care, depending on the benefits you select.
When should I buy a policy?
Many people buy in their fifties or sixties because premiums are generally lower and qualifying is easier when you are younger and in good health.
Why work with an independent agent?
As an independent agency, Company Name Friendly represents many carriers, so we can compare long-term care policies and benefit options for your situation, with personal, local service.
Long-Term Care Insurance in/throughout StateLong — Coverages Can Include:
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Nursing home care -
In-home care services -
Assisted living facilities -
Adult day care programs -
Respite care for family caregivers -
Hospice & palliative care -
Memory care facilities -
Home health aide visits
Long-term care insurance might be appropriate if your household assets average more than $75,000 per person and your annual income is at least $30,000 per person. Company Name Friendly in AddressCity, AddressStateNameLong can help you assess your needs and find the right level of coverage. Contact us today.