Long-term Care Insurance
Long-term care insurance is a policy designed to cover expenses associated with extended care services for individuals who cannot perform daily activities due to aging, illness, or disability. It first became popular as an employee benefit in the early 80s.
It was intended to help alleviate financial burdens related to care in nursing homes, assisted living facilities, or at home. Long-term Care insurance can fund services like assistance with bathing, dressing, and medication management. It offers peace of mind by safeguarding savings and assets, enabling policyholders to access quality care without depleting their resources. Long-term care insurance ensures a safety net for the unpredictable challenges of long-term health needs, promoting both financial stability and comprehensive care.
If you are inquiring on behalf of a loved one, you may want to check with them to confirm whether they have a long-term care insurance policy. We know that sometimes insurance that was purchased long ago may not be “top of mind” and this type of insurance is a tremendous resource for older people who need additional care.
We have specialists who can work with you to assess the plan and what it requires to activate the insurance. We can accept payment directly from the insurance company and you can then pay the remaining balance, if any.