“Long-Term Care” (LTC) is the assistance you need when you can’t perform the “Activities of Daily Living” (ADL) independently.
Long-Term Care services help many live independently and safely as they age and experience difficulty performing ADL on their own. Depending on the need, long-term care will look different from person to person. This can look like help and care from family or friends, it could also be in the form of nursing facilities or assisted living facilities.
It isn’t a subject that most of us care to dwell upon. However, the failure to discuss or plan for the high costs of long-term care is causing American families to be unprepared to meet these high costs. First, the question is, who will pay for your LTC? Medicare and Medicaid’s instability along with the diminishing US resources for LTC has prompted a government response to the impending LTC crisis.
The Health Insurance Portability and Accountability Act (HIPAA) along with the Deficit Reduction Act (DRA) motivated Congress to set new standards for Long-Term Care Insurance (LTCI). Federal and State have joined together to promote private LTCI by providing tax incentives and offering State LTC Partnership plans.
Find out if your state is a LTC Partnership qualified state by calling 1-800-842-7799 to speak to a Long-Term Care Specialist.
The cost of care continues to rise each year, and many people underestimate how expensive it can be. Long-term care insurance can help protect retirement savings and provide more control over where and how care is received.
Most plans may cover: In-home care Assisted living Nursing home care Memory care Adult day care Hospice care Coverage depends on the policy selected.
People who want to protect assets, avoid relying on family for care, or maintain independence later in life often consider long-term care coverage.
Many people apply in their 50s or early 60s. Applying earlier can improve eligibility and reduce premiums compared to waiting until health conditions develop.
Eligibility depends on medical history and current health. Some plans offer simplified underwriting, but applying sooner usually provides more choices.
Costs vary by location, but nursing home care, assisted living, and home health services can be expensive. Planning ahead helps reduce the financial impact on retirement income and family members.
When I first became eligible for Medicare last April, Cassandra assisted me in selecting a supplemental policy suited to my needs. She was very helpful, friendly, and took plenty of time to answer my questions. After the first year I was on that policy, it was discontinued. I reached back out to her, and once again she helped me find a suitable policy. She seems to take a genuine interest I’m me and my needs, and you don’t always get service like that. I truly appreciate all her help. Thank you, Cassandra!
Brenda was very helpful to me when I needed to replace my Medicare supplement that was no longer offered. She showed me a variety of plans that I qualified for and settled on one that suited my needs very well. She has made herself available to help answer my questions and her thorough knowledge of these many plans has been appreciated. I would highly recommend her expertise in matters of Medicare supplement plans.
Very helpful in finding a Medicare plan for my grandparents who both have Alzheimer's. They also assisted with my parents Long-Term Care insurance. The nice thing is that this company has access to all the insurance carriers, they're able to help you with the one that is best for an individual's situation.
When I first became eligible for Medicare last April, Cassandra assisted me in selecting a supplemental policy suited to my needs. She was very helpful, friendly, and took plenty of time to answer my questions. After the first year I was on that policy, it was discontinued. I reached back out to her, and once again she helped me find a suitable policy. She seems to take a genuine interest I’m me and my needs, and you don’t always get service like that. I truly appreciate all her help. Thank you, Cassandra!
Brenda was very helpful to me when I needed to replace my Medicare supplement that was no longer offered. She showed me a variety of plans that I qualified for and settled on one that suited my needs very well. She has made herself available to help answer my questions and her thorough knowledge of these many plans has been appreciated. I would highly recommend her expertise in matters of Medicare supplement plans.
Very helpful in finding a Medicare plan for my grandparents who both have Alzheimer's. They also assisted with my parents Long-Term Care insurance. The nice thing is that this company has access to all the insurance carriers, they're able to help you with the one that is best for an individual's situation.
