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long term insurance



WHAT IS LONG TERM CARE INSURANCE?

Long term care insurance is a type of insurance developed specifically to cover the costs of long-term care services, most of which are not covered by traditional health insurance or Medicare.  These include services in your home such as assistance with activities or daily living as well as care in a variety of facility and community settings.

The cost of your long-term care policy is based on:
How old you are when you buy the policy
The maximum amount that a policy will pay per day
The maximum number of days (years) that a policy will pay
The maximum amount per day times the number of days determines the lifetime maximum amount that the policy will pay
Any optional benefits you choose, such as benefits that increase with inflation