Long Term Care Insurance

Thanks to healthier lifestyles and advanced medicine, we are enjoying longer life spans than ever before in the United States. Researchers often focus on the sizeable Baby Boomer generation as a predictor of what resources our country will need in the coming years, and of growing concern is the availability and expense of long term care.

Assisted living facilities, board and care homes, as well as in-home caregivers will continue to be viable options for seniors who need low to moderate levels of assistance with activities of daily living, such as eating, bathing, grooming and toileting. These are often accompanied by mobility issues or mild cognitive impairment. For those relying on Medicare or Medicaid for future care, it is important to understand that these programs will not pick up the expense for this type of assistance. For many, the question remains as to the best way to plan financially for extended care. Long term care insurance may be the answer.

Long term care insurance is designed to assist with the monthly costs affiliated with ongoing non-medical care. Premiums are based on the age of the insured at initial purchase, the length of time the policy will be needed or the maximum dollar amount of the policy, including unlimited or lifetime coverage options. Once payouts are initiated, premiums are waived.

Another benefit of most long term care insurance is that the payout need not be continuous. For example, a senior may fall and break a hip, requiring respite care in a facility for an undetermined period of time, initiating long term care insurance payments. In a few months, the senior may be well enough to go home without assistance and the long term care payout can be stopped, retaining the balance of the policy for later use.

We offer a variety of policies and premiums to fit current budgets as well as anticipated needs. If this is your first time pricing long term care insurance rates, keep in mind that the average monthly cost of care in an assisted living facility is approximately $3,000 for room and board alone. Supplies and extra services, such as showering or wheelchair escort service to the dining room are tacked on at the end of each month. With the cost of long term care skyrocketing and the dwindling availability of family caregivers, long term care insurance is often seen as an investment in a person's future quality of life.

We can help you find the most comprehensive long term care plans within your means. Requesting a quote on line gives you access to several different long term care insurance options with a single click, saving you time as well as money.