LONG-TERM CARE INSURANCE
Most of us have family or friends who have experienced either directly or indirectly the tremendous financial and emotional costs associated with a caring for someone who needs assistance with activities of daily living (bathing, continence, dressing, eating, toileting and transferring) or who has cognitive impairment such as Alzheimer's. Services may be for any of several levels of care including Home Health Care, Assisted Living or Skilled Nursing. None of us want to thing that we could someday be dependent on others, but we know that planning and securing coverage is often the most prudent action to take. Since Long-Term Care Insurance (LTCI) premium rates are based on age and medical conditions, it important to note that not every one may be eligible. The younger you are and the better health you are in when you secure coverage, the lower the premiums will be.
"A Shopper's Guide To Long-Term Care Insurance" is a great place to start gaining an understanding of coverage levels and available benefits. This guide is printed by the National Association of Insurance Commissioners and can be obtained by any agent dealing with this type of coverage.
LTCI is available on an individual basis, or through a group plan that is employer sponsored. Group plans are discounted and business owners can take advantage of significant tax advantages. Due to the complexity of coverage options, it is recommended that you consult with someone with specific experience in this type of coverage. Ask them how long they have been selling LTCI policies and if they have any certifications in dealing with this type of insurance.
Fringe Benefit Plans can assist you with individual or group LTCI coverage. We represent multiple insurance companies that specialize in LTCI and offer various benefit plans so that we can match the best coverage to meet your specific needs and concerns.
Typical Questions we address:
What is Long-Term Care?
How Much Does Long-Term Care Cost?
Who Pays For Long-Term Care?
Who May Need Long-Term Care?
Do I Need Long-Term Care Insurance?
What Types of Policies Can I Buy?
How Do Long-Term Care Insurance Policies Work?
How Much Do Policies Cost?