January 18th, 2012 | Author: Guest Writer

5 Ways Long Term Care Insurance Will Care for You

Pay for the care you want when you need it with Long Term Care Insurance

Many people struggle with the idea of purchasing long term care insurance, and for good reason. Since there is no way of predicting your future completely, you never know if long term care insurance will be something you need or not. That being said, purchasing a long term care insurance policy should be something you take into deep consideration. While the truth is you may never need long term care insurance, there is also a great possibility that you will. It is for this reason you must know the ways in which long term care insurance can care for you. The following article highlights five of those ways.

1. Provide Assistance with Daily Living Activities

You may think Medicare [Provincial Healthcare in Canada] and/or private insurance will pay for the majority of your care when you reach a certain point, but that is not the case. They will often pay only for things that are deemed absolutely necessary, such as skilled nursing care or shots. The problem is most elderly folks with medical issues need assistance with daily living activities, such as eating, bathing, and using the restroom. A long term care insurance policy will pay for someone to help you with these things that must be done every day, whether at home or in a nursing facility.

2. Pay for Care in a Licensed Nursing Center

If you have ever checked into the costs associated with nursing homes, you know they are incredibly high. Without a long term care insurance policy in place to protect you, you may not be able to afford to live in a nursing home. This means you will be forced to remain at home, which may not be the best option as far as your health is concerned.

3. Cover Home Health Care Services

You may encounter medical issues that need attention, but do not require you to move into a nursing home. It may also be your personal preference to remain at home. Whatever the case may be, a long term care insurance policy will pay for home health care, which is when a licensed individual comes into your home to care for you. Home health care can include skilled nursing and physical therapy services.

4. Pay for Care in an Assisted Living Facility

Assisted living facilities are similar to nursing homes, but differ in that they allow residents to have more freedom. Assisted living is best for individuals who are able to perform most daily functions, but may need a bit of assistance here and there. A long term care insurance policy will pay for your care in one of these facilities.

5. Cover Adult Day Care Costs

Licensed adult day care is a great choice if you need help regaining social and emotional skills after a medical issue, but do not need to live in a full-time nursing facility or assisted living setting. A long term care insurance policy will pay for adult day care services that include nursing care, various therapies, educational classes, and daily supervision.

These are all ways in which long term care insurance will care for you. Since every person’s needs are different, it is best to meet with a licensed insurance agent to set up a long term care insurance policy that best fits your individual situation.

This is a guest article was written by Karen Schweitzer. Karen writes for NursingHomes.org. If you found this article interesting or it made you think, please feel free to share your comments below. Liking us on Facebook, giving us a +1 on Google or Tweeting this article about 5 critical illness insurance will protect you from would also be very much appreciated.