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Guide to Long-term Care

A Complete Long-term Care Resource

What is long-term care?

It is an insurance policy that protects you during your most vulnerable years as a senior citizen. This complete guide to long term care addresses the most common questions about coverage.

Long-Term Care Insurance

Long-term care insurance is a vital form of health coverage. It is unique because it can protect various kinds of assets from legal seizure. It also covers several items that are not protected by other health care insurance policies including Medicaid and Medicare. 

This type of policy benefits people who become unable to care for themselves due to an accident, injury, disability or age-related condition.

Should I Buy It?

Although it is common for people over 65 to require some form of long-term care at some point, many people younger than 65 also require this kind of care. People who require assistance with daily activities can benefit from this coverage. This coverage will provide the beneficiary with access to domestic services including bathing, cooking, cleaning, dressing and moving around the home. 

Anyone worried about how to obtain this care without burdening children or other family members can benefit from a long-term care insurance policy. This policy is beneficial for anyone who is suffering from potentially debilitating conditions including Parkinsons disease, Alzheimers disease, brain stroke and other conditions that damage human cognition. As people age, injuries from accidents and falls are more likely to happen, and this can impose severe and sudden physical limitations. 

Compare the Benefits of Long-Term Care

Long-term care is unique because it is designed to provide care that is not covered by employer-based insurance policies. Compare this to Medicaid, Medicare or any private insurance policy. Medicaid does cover some medically necessary services, but it will not offer home-based care that addresses activities of daily living, or ADL. In addition, many policies require that the beneficiary must experience a specific incident, usually called a trigger event, before the policy will be activated through a doctors recommendation. 

This type of insurance can cover services provided through a nursing home, adult day care center, hospice service, respite care or in-home service agency. The policy may cover around-the-clock care, which may include a live-in caregiver or other healthcare professional. This policy is designed to relieve the financial burden imposed by this type of care, which could otherwise lead to bankruptcy or family duress. 

What Does It Cost?

The costs for long-term care insurance vary from one state to another, and the premiums are set by the policy. These premiums often qualify for a deduction on the beneficiarys tax returns, which is calculated based on the age of the policy holder. The language used in each policy is critical, for it cannot be changed once the policy goes into effect. The amount will depend on the type of policy purchased, the age of the beneficiary and the level of coverage. 

Comprehensive coverage includes in home care as well as care provided at a facility . Lifetime coverage costs more than coverage intended for a temporary situation. While the policy is active, the beneficiary is not responsible for making any premium payments. Long-term coverage can be financed through reverse mortgages, trust funds or certain life insurance policies.

Long-Term Care Coverage

Should I buy it?


This question is common, but the answer always reflects a personal decision. This guide to long term care shows that you can enjoy peace of mind and financial security as additional benefits of a comprehensive, long term care insurance policy. People who are interested in preparing in advance for a disability are usually proactive in signing up for a policy. Planning for advanced care in the event of a major illness or injury can benefit the entire family.

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