Long Term Care Insurance provided by Browne Insurance Services

It might be hard to imagine now, but chances are you’ll need some help taking care of yourself later in life. The big question is: How will you pay for it?
What is Long-Term Care Insurance?

Buying long-term care insurance is one way to prepare. Long-term care refers to a host of services that aren’t covered by regular health insurance. This includes assistance with routine daily activities, like bathing, dressing or getting in and out of bed.

A long-term care insurance policy helps cover the costs of that care when you have a chronic medical condition, a disability or a disorder such as Alzheimer’s disease. Most policies will reimburse you for care given in a variety of places, such as:

  • Your home.
  • A nursing home.
  • An assisted living facility.
  • An adult day care center.

Click and learn about the risks​

What are the types of Long Term Care Insurance?

Traditional long-term care insurance is a no-frills, standalone insurance policy. All it does is offer to pay for long-term care services when you need them. That’s it!

When does a traditional policy kick in? The policy is triggered when you can no longer perform two out of six activities of daily living (such as dressing, bathing, eating, or transferring to a wheelchair) or suffer from severe cognitive impairment. After a waiting period of 30–90 days, your benefits should start coming in.

Another option is a policy that combines life insurance with long-term care coverage. With a hybrid policy, you can access the death benefit—the money that your beneficiaries would receive in the event of your death—while you are still alive to pay for long-term care.

And if you end up not needing care, your heirs get the full payout. Rates are considered “noncancellable,” which means premiums are fixed for life.

Why is Long Term Care Insurance important?

About half of 65-year-olds today will eventually develop a disability and require some long-term care services, according to a study revised in 2016 by the Urban Institute and the U.S. Department of Health & Human Services. Most will need services for less than two years, but about 14% will require care for more than five years.

Regular health insurance doesn’t cover long-term care. And Medicare won’t come to the rescue, either; it covers only short nursing home stays or limited amounts of home health care when you require skilled nursing or rehab. It does not pay for custodial care, which includes supervision and help with day-to-day tasks.

If you don’t have insurance to cover long-term care, you’ll have to pay for it yourself. You can get help through Medicaid, the federal and state health insurance program for those with low incomes, but only after you’ve exhausted most of your savings.

Purchasing long-term care insurance can give you peace of mind and protect the savings you worked so hard to build. You’ll know that if you become ill, you can afford the care you need and still have enough money in your nest savings for you and your spouse. Plus, your kids won’t be burdened with huge payments for your care.

If you’ve got any questions on Long Term Care Insurance or want to compare the best policies, contact us today !

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As an independent agency, Browne Insurance Services
Helps you find the right Long Term Care Insurance Coverage
Contact Us
Palm Springs, CA
190 W Amado Rd Palm Springs, CA 92262
We extend coverage to individuals and businesses in Campbell, Palm Desert, Palm Springs, Pollock Pines, and Santa Clara areas.

Nursing Home Care Coverage

Risk Factors
Some policies only cover nursing home care, but many also cover assisted living facilities, which is important since this type of care is rapidly expanding.
Solution
Long Term Care insurance should be considered to cover these expenses.

Note:  Please talk to your financial consultant to check all the facts before proceeding

In-home car & Nursing expenses Coverage

Risk Factors
You may end up paying for in-home care, including nursing care and physical therapies.
Solution
Many Long term care policies also cover in-home care, including nursing care, physical therapy and medical equipment

Note:  Please talk to your financial consultant to check all the facts before proceeding

Adult day care Coverage

Risk Factors
If you hire a caregiver, you may have to pay them for their services offered from your pockets.
Solution
Policies may cover community care, which usually means adult day care so you don’t need to pay them all by yourself.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Modifications to house Coverage

Risk Factors
You may need to make a wheelchair ramp for one of your family members because of their medical conditions.
Solution
Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Major diseases coverage

Risk Factors
Some major disease to a family member may need continuous care which cost you money every single day .
Solution
Most policies cover care related to Alzheimer’s or other forms of dementia, but there are exceptions. Because this is a common condition, double check that it’s included in your loved one’s policy.

Note:  Please talk to your financial consultant to check all the facts before proceeding

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