Purchasing Long-Term Care Insurance
In return for your payment of premiums, a long-term care policy will pay a selected dollar amount per day—for a specified period of time—for care in nursing homes and sometimes, in other settings. These options can include nursing home care, home health care, adult daycare and hospice care. Along with medical care, even custodial care (assistance with daily activities such as bathing, eating, and dressing) can be covered by long-term care insurance. This is a real advantage because Medicare and other forms of health insurance do not pay for custodial care. Many nursing home residents find themselves with only three alternatives for paying their nursing home bills: their own assets, Medicaid (which can deplete their assets), and long-term care insurance, the only one that can help protect and preserve your assets.
Winter Insurance Agency, Inc. can help you navigate the confusing array of products and services provided in long-term care; and help you to design the plan for your future nursing home needs that not only fits your budget, but also gives you the most protection available for your situation. back.