Long-Term Care Insurance
Long-Term Care Insurance provides just what the name implies – Long-term care. People who require long-term care are not sick or disabled in the traditional sense, but are incapable of performing activities of daily living, such as eating, going to the bathroom, bathing, dressing, and walking. Unfortunately, 60% of individuals over 65 will need some type of long-term care in their lifetime. Anyone with a family member that suffers from Alzheimer’s, Parkinson’s, MS, or other debilitating conditions knows how much care is needed and how taxing it can be for primary caregivers.
Unfortunately, most health insurance policies, Medicare, and Medicaid do not provide long-term care coverage. That’s where a good Long-Term Care Insurance policy can provide real peace of mind.
What Is Covered By Long-Term Care Insurance?
- Home care
- Assisted Living
- Adult Daycare
- Respite Care
- Hospice Care
- Nursing Homes and Alzheimer’s Facilities
When Home Care coverage is purchased in a Long Term Care policy, it will pay for a live-in caregiver, companion, housekeeper, therapist, or private duty nurse up to 24/7, depending upon the terms of the policy.
Without Long-Term Care Insurance, the cost of these services can deplete the life savings of individuals, and even entire families.
Should you buy Long-Term Care Insurance? Call Alliance Insurance Group today and let our expert Independent Agents analyze your long-term care needs, or fill out our online form to request a quote.