Long Term Care Insurance

What is long term care insurance?


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2014-01-30 01:18:05
2014-01-30 01:18:05

Unlike medical insurance, long-term care insurance can cover all the assistance you would need if you had a chronic or debilitating illness. If you're unable to care for yourself for an extended period of time, long term care would cover you. This might be in a nursing home or in your own home.

Although it's becoming very popular among Baby Boomers as they age, younger people are buying long term care insurance, too. Anyone can be in an accident. The U.S. G.A.O. estimates that 40 percent of the 13 million people receiving long-term care services are between the ages of 18 and 64.

Long term care (LTC) insurance is a policy that secures financing your long term care needs, benefits are usually triggered if a policy owner develops a chronic illness or if he or she is unable to perform two or three activities of daily living including eating, dressing, bathing, etc. It pays for expenses not covered by health insurance, it is more focused on custodial of personal care providing you with options on different long term care setting (nursing homes, alf, in home, adult day care, hospice and custodia care) depending on where, what and how you want to be taken cared of.


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There are many ways to find long term insurance care. Long term insurance care can be found on websites such as Nationwide, LongTermCare, and CompareLongTermCare.

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The Federal Long Term Care Insurance Program (FLTCIP) specializes in offering federal long term care insurance to eligible groups and their relatives.

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One can find long term care insurance at many various health insurance websites like Blue Cross and Blue Shield. They have many options for long term care insurance.

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Long-Term Care insurance protects asstes, disability income protects incomeNo, long term care insurance covers all the costs of a caregiver that is not covered by Medicare, Medicate and disability insurance. These services are quite extensive and expensive.

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One can take out a long term care insurance policy from several different places. Some of the places in which one can take out a long term care insurance policy from are: Long Term Insure Me, and Own Your Own Future.

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