What is Individual Long-Term Care Insurance?
Individual long-term care insurance helps pay for in-home care, assisted living, nursing home, or other support services if you become unable to perform daily activities due to aging, illness, or injury.
Covered Services:
In-Home Care
Assisted Living
Nursing Home Care
Adult Day Care
Respite Care
Personal Care Assistance
FAQ
Who should consider long-term care insurance?
Anyone wanting to preserve assets, avoid burdening family, and ensure choices for quality care later in life should consider LTC coverage.
What triggers benefits?
Benefits begin when you need help with at least two activities of daily living (ADLs) such as bathing or dressing, or if you have cognitive impairment.
Does Medicare cover long-term care?
Medicare only covers limited skilled care after a hospital stay. Long-term care insurance fills the gaps for custodial or extended care needs.
Can premiums increase over time?
Yes, insurers may raise premiums on groups of similar policies, but they can’t single out individuals for rate hikes.