Long-Term Care options from the nation’s leading insurers.
Long-Term Care Insurance (LTC) helps protect your assets against the high cost of extended medical care. Long-term care is typically less expensive if you buy it when you’re younger. There are many things to consider when looking for Long-Term Care insurance options. Traditional medical care tries to treat or cure illnesses. Long-term care usually won’t improve your medical condition, but it will help you maintain your lifestyle. It helps with routine daily activities, such as eating, getting around, and bathing. It can also help if you need supervision, protection, or reminders to take medicines or perform other activities. You can get long-term care services at your own home as well as in a hospice, assisted living facility, adult day care, or nursing home.
There are two types of long-term care services.
Personal Care helps you do routine activities. You can receive custodial services in your home or in a skilled facility. Skilled Care services require a medical professional, such as a nurse or a licensed therapist. This is usually provided in a nursing home or other medical facility.
Protect your family’s assets.
Long-Term Care insurance helps protect a family’s wealth and assets against the high cost of extended medical and custodial care and services. There can also be tax advantages to choosing a Long-Term Care insurance policy. A portion of the premium may also be deducted for a tax-qualified long-term care policy from your taxes as a medical expense. Additionally you also don’t have to claim qualified Long-Term Care benefits as taxable income.
See if you qualify for secure coverage and review your options with our Professional Agents.
Underwriting is used in Long-Term Care insurance for companies to review your health status and medical history. A company will sell you a policy only if you meet their specific guidelines. There are also many financial considerations, as most states will require you to pay for your care out of pocket until you spend down your assets enough to qualify for Medicaid. Final Expense insurance is another essential part of estate planning and can be offered on a term or whole life policy. of your Long-Term Care insurance and Final Expense insurance needs. Our Professional Agents are ready to assist you with your Long Term Care Insurance needs.