Long Term Care Insurance Quotes & Information

What is Long Term Care?

Long Term Care is assistance for people needing help with everyday activities. This assistance is usually needed because of an accident, prolonged illness, or the aging process. This care can be provided in the home, Assisted Living Facilities, Nursing Homes, or other similar facilities. The assistance provided typically includes help with bathing, dressing, cooking, cleaning, toileting and transferring.

Why Long Term Care Insurance?

Providing Choices:

Long Term Care services can typically cost between $20,000 to $100,000 per year depending upon what type of care you need and where you receive that care. Long Term Care insurance helps cover these costs and allows you to choose both where you receive your care and the quality of your care. Most care is received in the home, while the rest is provided in Assisted Living Facilities, Nursing Homes, and other similar facilities.

Preserving Assets:

Most of us share certain goals for our retirement years: security, independence, choices, and control. Achieving these goals is dependent upon building and protecting your retirement income and investments. Long Term Care insurance will protect you from being forced to spend your own finances to provide care for yourself, your spouse, or a loved one.

Protecting Families:

If you lack the resources needed to pay for care, you will have to rely on family members to care for you. Long Term Care insurance protects your family from the burden of daily caregiving, the financial burden of paying for care, and the emotional burden of dealing with the whole process.

How much does Long Term Care Insurance Cost?

The price of a Long Term Care Insurance policy is different for every person because it is based on your age and health at the time you apply for coverage. Benefits are very flexible and can be designed to fit your needs and budget. The best way to find out how much Long Term Care insurance will cost for you is to get a rate comparison from the top rated insurance companies to see who will offer you the best coverage at the most affordable price.

Tax Advantages of Long Term Care Insurance for Individulas

Written by LTC Staff

As Baby-Boomers across the country reach retirement age, the United States Government has realized that implementing federal programs to cover the cost of Long Term Care services is not feasible. The cost would simply be too great. As a result, the f...

Written on August 09, 2012
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Custodial Care vs. Skilled Care

Written by LTC Staff

There are two classifications of care usually associated with a Long term Care claim. They are Custodial Care and Skilled Care. Be sure to understand which types of care you are eligible for under your Long Term Care policy.

Written on July 26, 2012
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How Can I Find the Best Community for My Loved One?

Written by Carole Larkin

The absolute worst time to have to pick a live in community for someone you love is when you have no choice. In theory, a family should have time to look over the various types of residences and communities, ask questions, and gather information b...

Written on July 12, 2012
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Long Term Care