Long Term Care Insurance

Melville, New York Long Term Care Insurance

Today, the costs of nursing homes and elderly care is continuing to rise. If you plan now, you can provide you and your family with the coverage you need to protect your assets and maintain financial security that you may need later in life.

In general, if you can't perform daily activities because of an impairment as a result of chronic illness or disability, you will need long term care. This would include the assistance you could need if you are unable to take care of yourself for a long period of time. However, some people who need help with these daily activities may only need them for a few months.

Long Term Care Insurance

Do I need long-term care insurance?

Medicare is basic healthcare and health insurance rarely pays for the cost of long-term care and Medicare usually doesn't cover custodial care. 

We often hear people having financial security saying they don't need long-term care insurance. However, when they realize the large costs, they inquire about long-term care insurance. Many suggest to pay for your long-term care coverage as the expenses arise. If you realize you may not qualify for Medicaid and won't have the financial means to cover all your expenses, long-term care insurance offers peace of mind for you and your family.

As you can see and often hear, the spiraling costs of long-term care facilities places a financial burden on a family. There are long-term care programs that can be offered to meet your needs and finances. No one plans to go into a long-term care facility, but by having long-term care insurance, it can give you and your family peace of mind. 

These are only guidelines and not rules for obtaining long-term care insurance, and you will need to consult your agent on the policies details and requirements. For more information, give us a call at 1-888-230-2199.