What Types of Care Does Long-Term Care Insurance Cover

By Steve Elliott | August 7, 2024 | Comments Off on What Types of Care Does Long-Term Care Insurance Cover

When you have a long-term care insurance policy, you are protecting yourself (and possibly a spouse, partner, or other legal dependent) from a future that may lead to you requiring some long-term care. Unfortunately, most people don’t consider this insurance because they don’t believe they need it (at the time) or will require it at some point in the future.

Long-Term Care Insurance San Diego CA - What Types of Care Does Long-Term Care Insurance Cover

Long-Term Care Insurance San Diego CA – What Types of Care Does Long-Term Care Insurance Cover

Let’s be honest, though: the longer you live (and, if you’re like most people, you hope to live a long, long time), there’s an increasing likelihood that you will need long-term care. Maybe not when you’re in your 70s, but perhaps in your 80s or 90s.

With that being said, let’s look at the different types of long-term care you may need at some point in the future (or your best friend, husband, wife, or partner may require).

In-Home Care

Perhaps the most preferred option when it comes to long-term care is home care. There are several facets to home care, but most commonly people turn to a home care aide who can assist with a wide range of Activities of Daily Life (ADLs). This may include preparing meals, light housekeeping, helping you in and out of bed, into the shower, to the toilet, getting dressed, or even making it to doctors’ appointments.

More seniors when they reach their 70s or 80s and find that they can’t perform those ADLs on their own anymore, still want to remain home where they are most comfortable. Some will turn to their spouse, adult children who live in the area, or even some friends and neighbors at first, but when that level of support goes on for a long time, it causes problems for everyone, which is why a professional in-home care aide is the best option and long-term care insurance would help you make that a reality.

Assisted Living

Another form of long-term care that millions of Americans utilize every year is assisted living. Most people have the wrong idea about what assisted living is and does for seniors.

In reality, this is a facility where seniors can live their lives on their terms, who may need some support and perhaps assistance with medication management, who don’t want to bother with the general upkeep and maintenance of a home, or who simply prefer feeling safe and secure where they live.

For many, though, assisted living is financially out of reach, unless you have a long-term care insurance policy.

Nursing Home Care

Nursing home care is reserved (generally) for those who require significant medical care for an extended period. This could be due to age, following major surgery, a heart attack or stroke, or something similar.

Nursing home care costs are some of the highest for long-term care, but the government also covers some or all of these expenses (but only after you have utilized all of your available savings and assets that can be quickly converted into cash.

If you are in your 50s, planning for retirement, and care about your future, it is important to consider long-term care insurance. It may just be the best decision you make about the various insurance policy options out there for your future.

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

Steve Elliott
Latest posts by Steve Elliott (see all)
Posted in Long-Term Care Insurance and tagged ,