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What Types of Care Will Long-Term Care Insurance Cover, Typically?

Purchasing a long-term care insurance policy can be a great asset. If you’re building for retirement, have investments, savings, and other assets set aside for your Golden Years, you’ll want to make sure they are protected as much as possible. You’ll also want to ensure that your spouse and/or other dependents are taken care of in the event something happens to you.

Long-Term Care Insurance Premiums Carlsbad CA - What Types of Care Will Long-Term Care Insurance Cover, Typically?

Long-Term Care Insurance Premiums Carlsbad CA – What Types of Care Will Long-Term Care Insurance Cover, Typically?

This is one of the reasons millions of Americans carry life insurance policies. While not as commonly known or understood as life insurance, long-term care insurance can be just as important, if not more so.

Consider the cost of long-term care in some areas. It could cost an individual more than $100,000 per year for long-term care. In just three short years an entire family’s life savings and all their investments could be completely obliterated.

As far as the types of services that long-term care insurance may cover, below is a list of a few that many policies will help pay for, though how much they cover will depend on the policy, the company, the premiums, and a number of other factors.

1. Home care.

Home care is one of the most affordable long-term care options available. It’s also the one more seniors would prefer. After all, if given the choice between a facility and care at home, most people would prefer to remain where they’re most comfortable.

2. Adult day services.

Seniors can often take advantage of various adult day services throughout their community. This could include transportation to visit a senior center, do various activities, and take part in other life enhancing programs.

Some adult day services are free, but others can cost a fair amount of money. Some long-term care insurance policies may provide coverage for these services.

3. Hospice.

When facing a terminal illness, an aging senior might require hospice. Contrary to popular belief, hospice may be available to somebody who is expected to live several months, even up to a year. It’s designed to offer comfort to a terminally ill individual.

4. Assisted living.

When an aging senior has difficulty taking care of their house, property, or themselves, but doesn’t require significant medical attention on a daily basis, assisted living could be a viable option.

5. Alzheimer’s special care facilities.

If a senior develops Alzheimer’s, he or she may benefit from a facility specifically designed to help these men and women cope with memory loss, diminishing physical capacity, and the challenges the disease places in their life.

6. Nursing homes.

A long-term care insurance policy may help pay for nursing home care, which is one of the more expensive options available and is more often reserved for those who need significant medical attention every day.

If you or a loved-one are considering the Long-Term Care Insurance Premiums in Carlsbad CA, please contact Steve Elliott at Capstone Insurance for an honest discussion about your future and your options. Call today (858) 350-3161.

Steve Elliott

Long-Term Care Insurance Specialist at LTC Capstone Insurance
Steve Elliott with Capstone Financial Assurance is a Long Term Care Insurance Specialist

I work with all the major insurance companies and my objective is to help my clients determine if long term care protection makes sense for them and if so, to help them shop the market to find the best company at the best rate

I specialize in Traditional Long Term Care Insurance as well as Hybrid Long Term Care Plans which are either a combination of Life Insurance and Long Term Care or an Annuity Plan with Long Term Care

I’ve been specializing exclusively in Long-Term Care Insurance Planning for over 21 years.

Steve was recognized as a 2003 Long Term Care Expert of the Year at The National Long Term Care Producers Summit

2006 was awarded Senior Market Advisor of the Year Finalist by Senior Market Advisor Magazine

National Speaker for Numerous Industry Meetings

Awarded Nations Top 10 Agent 8 times by the American Association of Long Term Care Insurance

Author of numerous published articles on long term care planning