We aim to help seniors and their families navigate the intricacies of their insurance policies. By understanding key terms and concepts, you can make the most out of your insurance coverage and ensure a seamless, worry-free long-term care journey.
Long-term care insurance is designed to help individuals cover the cost of extended care when they are unable to perform essential daily activities such as eating, bathing, or dressing due to a chronic illness, disability, or cognitive impairment.
Long-Term Care Insurance is initially introduced as "nursing home insurance" back in the 1980s. A long term care insurance policy will pay for the expenses of care arising from a chronic illness, injury, or disability. The insurance also provides the person with the aid they may need due to the general effects of aging.
Long-Term Care Insurance is primarily designed to help with payment for the costs of custodial & personal care, as opposed to strictly medical care.
In this regard, long term care insurance is not like traditional health insurance, as its purpose is to cover for expenses that are associated with senior long-term care services and support, irrespective of where the care is provided - at home or in an assisted living community, in a skilled nursing facility, or in any other senior care setting.
Here's a short list of some prominent Long-Term Care Insurance Companies. Please note that the information provided was accurate at the time of compilation, but it's always advisable to visit each company's website for the most current contact information.
Remember, it's crucial to thoroughly research and compare the plans, benefits, and financial stability of different insurance companies before making a decision. If you need help or further guidance, our team at RIGHT ACCORD Home Health Care is always here to assist.