Long-Term Care Insurance
Long-Term Care Insurance Information
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Long Term Care Information
There are some instances where people need assistance doing ordinary tasks such as eating, bathing, dressing, transferring (getting in or out of bed or a chair), continence (controlling the bladder) and toileting. This could include people who suffer from significant cognitive impairment too. This is where long-term care comes in. Long-term care is not the same as skilled nursing care, nor does it necessarily last a long time despite its name. Skilled nursing care involves highly skilled nursing and rehabilitative services such as complex wound dressing, teaching someone how to walk, talk and feed themselves all over again after a stroke, and more. Long-term care is geared for when assistance is needed to continue with basic tasks, called ADLs (Activities of Daily Living) and can be needed for a short or long period of time, when a person can’t do these tasks on their own.
What is Long Term Care Insurance and Who Needs It?
Long-term care insurance is important for older people who are worried of one day having trouble living on their own. Age comes with unexpected health problems. While you may be fit today, the next you could develop issues that make it difficult to move as you used to. Long-term care insurance helps pay for certain services that assist with your ADLs.
People who cannot perform two or more ADLs or have cognitive impairment typically qualify for long-term care insurance.
Long-term care insurance may cover:
- Home care
- Adult day care
- Residential care facilities
- Alzheimer’s special care facilities
- Nursing homes
- Rehabilitation therapy
Let Us Help
Community Assurity Group understands that each client and their situation is different. We provide dedicated customer service and will listen to your needs before working to find you the right long-term care insurance policy. Call us at (877) 790-7310 today.
Long Term Care Insurance FAQ
What is the Average Cost of Long Term Care Insurance?
Policy holders pay an average of $2,727 a year for long-term care insurance.
Do I Need Long Term Care Insurance if I Have Medicare?
While Medicare covers a lot, it does not cover long-term care. Assistance with ADLs, called “custodial care,” may be provided in the same place as (and therefore is sometimes confused with) “skilled care.” Skilled care means medical, nursing, or rehabilitative services, including help taking medicine, undergoing testing (e.g. blood pressure), or other similar services. This distinction is important because generally Medicare and most private health insurance pays only for skilled care – not custodial care. Health insurance and long-term care insurance may be necessary for those who need extra accommodations and medical care.
Does Long Term Care Insurance Cover Assisted Living?
Long-term care usually does cover assisted living facilities as well as in-home and adult day care.
When Should I Buy Long Term Care Insurance?
It’s generally recommended that people in their mid to late 50’s purchase long-term care insurance.