Long-term care Insurance is a type of insurance policy that provides coverage for QUALIFIED long-term care services. These services may include assistance with activities of daily living, such as bathing, dressing, and eating, as well as more intensive medical care. Long-term care insurance policies typically cover home care assistance, assisted living facilities, or nursing homes. Check out our blog that goes more in depth regarding purchasing long term care insurance.

One of the main reasons people buy long-term care insurance is to protect their assets in the event that they need long-term care services. Without this coverage, the cost of long-term care can be financially devastating, as it is not typically covered by health insurance or what medicaid covers.

Long-term care insurance policies typically have a daily or monthly benefit amount that can be used to pay for long-term care services. The amount of the benefit and the length of time it is paid out will vary depending on the policy. Some policies also include an inflation protection feature, which increases the benefit amount over time to keep up with the rising cost of long-term care.

Long-term care insurance is typically purchased by individuals who are concerned about the potential cost of long-term care and want to have a plan in place to protect their assets. It is important to carefully consider the terms of a long-term care insurance policy before purchasing it, as the cost and coverage can vary greatly from one policy to another.

It is always a good idea to do your research and to work with a professional who specializes in this area. This way you can make an informed decision and purchase a plan customised for your needs. At Landau Insurance Brokers, we are here to help with every step along the way. Reach out to speak with our experienced team.



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