Help with Long-Term Care Insurance

Long Term Care Insurance 101: What You Need to Know

Many families worry about how they will pay for the costs of care for their senior loved ones. If a senior’s needs are non-medical, options like health insurance, Medicare, or Medicaid will not cover the costs of senior care. Investing in a long-term care insurance policy is one of the best ways to financially prepare for long-term care costs, and it can be a great way to give families peace of mind as their senior loved ones age.

Long-term care insurance policies are designed to reimburse their policyholders a daily benefit amount for services to assist them with activities of daily living (ADLs). Long-term care benefits help keep the financial burden off of family members when their loved ones have chronic illness, or are aging in good health, but simply need additional care and attention on a daily or weekly basis.

Not only does LTC cover in-home care through home care providers, it also covers other long-term care services like assisted living facilities, skilled nursing home care and memory care communities. Some of the key components to consider when purchasing an LTC policy are the benefit amount (also known as the amount of coverage), the benefit period and the elimination period.

Long-term care insurance premiums vary, but so do the costs of long-term care. Making the long-term care coverage investment before a senior’s health changes or emergencies occur will give families more options when the time comes for funding quality care for a loved one. Long-term care insurance policies can be difficult to navigate, which is why the help of an Amada Senior Care professional can be crucial to getting the most out of your benefits.

Check out the video below to find out how having long-term care insurance coverage helped this Amada client.

Need help navigating the LTC process? Amada can help. Our LTC Concierge service can help you communicate with your insurance company to find out how to activate your long-term care coverage benefits. We can help you ensure that you are receiving the maximum monthly benefit to cover the costs of your long-term care needs.