Frequently Asked Questions about Long Term Care Insurance

Frequently Asked Questions About Long Term Care Insurance

What is Long Term Care?

* Long Term Care is medical and sometimes supportive assistance for those who have a degenerative condition, terminal illness, or cognitive disorder.

* Some of this care includes custodial care and assistance with every day activities such as eating, dressing, etc. Care also includes supervision for the cognitively impaired.

* Long Term Care is not restricted to a specific setting. Care can be provided in nursing homes, the person's own home, assisted living centers, and adult day cares.

Why Do I need Long Term Care?

* With Long Term Care, you can remain in control of your care decisions

* You can receive care at the place you choose

* You are paying professionals and can therefore spend more quality time who family members and friends who would otherwise be taking care of you

* Saves you and your family members and friends from emotional and financial strain

What if I Already Have Health Insurance and Medicare?

* Although Health Insurance and Medicare are very important, they do not fully cover the cost of Long Term Care.

* Health Insurance: Doctor's visits, hospital bills, and prescriptions

* HEALTH INSURANCE DOES NOT COVER CUSTODIAL CARE!!

* Medicare: Medical supplement insurance is restricted by the limited coverage rules of Medicare

* Short term care is limited to 90-100 days!

* Medicaid: Medicaid is only offered to those with low income and assets.

* Those who do received Medicaid may have limited choices as to where they can receive care

by Samantha Gray