Life is about the journey. Long-term care insurance pays for expenses associated with assisted living communities, nursing homes or in-home health care. One of our long-term care associates can help you choose a plan that suits your lifestyle today and into tomorrow.
The most common types of long-term care insurance include:
Did you know that most of the cost of long-term care services are not covered by Medicare? Medicare only covers 100 days in a skilled nursing facility, but what about after that? Don’t assume that Medicaid will cover the cost, as not everyone is eligible to receive Medicaid. In addition, neither Medicare or Medicaid covers the cost of in-home care, which is the most common form of long-term care.
Approximately 50–70% of Americans over age 65 will need some form of long-term care when they become unable to complete at least two activities of daily living, including dressing, bathing, eating, or becoming cognitively impaired. Long-term care insurance can help you, your loved ones and caretakers prepare for the future.