As you know, Long Term Care insurance is meant to provide assistance in the event of a nursing home stay. You may not know that many policies insure against the financial consequences of a nursing home stay and also provide coverage for Assisted Living Facilities. These facilities provide a range of care, depending on the patient’s needs, but do so in a setting which feels much more like home.
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LTC Staff Articles
These are articles about Long Term Care contributed by LTC.com's staff writers.
Many people assume Long Term Care insurance is meant to cover nursing home care only. This was true of the very first Long Term Care policies, but today’s policies have evolved to offer more options to policy holders, including Home Care. A good Long Term Care policy can actually allow you to stay in your home longer.
Discussing Long Term Care is difficult for both adult children and their parents. Waiting until a parent is ill or becomes frail due to an accident causes even more stress, so it’s important to begin the conversation early.
Choosing the right insurance company to issue your Long Term Care policy is a vital step to ensure you are purchasing a policy that meets your specific needs. Here a few tips to consider when choosing an insurance company.
Long Term Care Planning can be complicated and time consuming. With so many options available and so many decisions to make, one of the biggest challenges is knowing where to begin. Our advice is to start planning now so you can feel comfortable about your future. Here are a few first steps to consider before you make any decisions.