Be Prepared for Retirement With Long-Term Care Insurance
Long-term care coverage provides financial assistance to individuals who need extended care due to a chronic illness, disability, or other condition. It can include coverage for various services, such as in-home care, assisted living, and nursing home care. Some long-term care coverage policies also cover expenses related to rehabilitation, medical equipment, and other healthcare services. Long-term care coverage can be purchased as a standalone policy or as a rider to a life insurance policy. It is important for individuals planning to retire to consider long-term care coverage as part of their overall retirement plan, as the cost of long-term care can be significant and quickly deplete retirement savings.
What Long-Term Care Insurance May Cover
- Assistance with daily living activities, such as bathing, dressing, and eating.
- Care provided in various settings, such as in-home care, nursing homes, or assisted living facilities.
- Medical equipment and supplies needed to support daily living.
- Skilled nursing care, such as wound care or physical therapy.
- Hospice care at the end of life.
- Respite care, which allows caregivers to take a break.
- Cognitive impairment or memory care.
- Transportation to medical appointments.
It is important to note that coverage may vary depending on the policy and provider.
For more information about our long-term coverage plans or to schedule a free consultation, call us today at 801-628-1861.