Using Long Term Care Insurance to Help Pay for Home Care
December 5, 2023 | Blog
In my last article we discussed the advantages offered by the VA to help cover the costs of home care. Continuing that theme, I wanted to share the benefits of long-term care (LTC) insurance, which many of our clients wisely use to help pay for their home care. Consulting with your trusted insurance agent is critical at this stage as we are not providers of insurance, but we do deal with the ins-and-outs around the process of making payment claims against the policy to ensure clients receive the maximum of their long-term care insurance benefit.
Long-term care refers to the range of services that people may need as they age, such as nursing home care, home-based care and assisted living facilities. Long-term care can be very expensive for clients and their extended family, and traditional health insurance does not cover long-term care costs.