Long Term Care is a concept which is new to the insurance buying public. Gone are the days where generations of a family would live in the same town let alone live in the same house….where family members would look after each other. If a person were to not be able to take care of their own basic “activities of daily living” then to an institution we go or we would need at home care. That's where a Long Term care policy with a daily cash amount for professional care can help. The benefit amount can be used for care in a convalescent hospital or at home (80% of Long Term care patients are at home). At a cost of $200.00 a day or $73,000 a year the risk is substantial.
Medicare and Medicare
Supplement policies do not cover Long Term care.
For more information on this insurance, contact us.
