What Is Long Term Care Insurance.pptx

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What Is Long Term Care Insurance?

• If youre interested in learning more about long
  term care insurance, youve come to the right
  place! There are plenty of articles out there
  that tell you how to get it and why you need it,
  but most of them talk about the same thing what
  long term care insurance is, and how much it
  costs. What if you already know those two things?
  Dont worry! Here are five helpful tips on what
  to do if you have long term care insurance and
  are thinking about using it!

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1-What is long term care insurance?

• Long term care insurance is a type of health
  insurance that covers part of your health care
  costs if you are unable to perform certain
  everyday tasks, such as dressing yourself or
  bathing. It also helps pay for hospice care and
  assisted living facilities. When youre insured,
  your policy will pay a percentage of long-term
  care costs so you dont have to bear all the
  costs alone. Its very important to understand
  what sort of coverage you need to select an
  appropriate policy.

2-Why do you need long-term care?
If you suffer from a debilitating injury or
disease and arent able to live on your own,
long-term care insurance California can provide
financial assistance. In-home care can be
expensive, and as you get older, it might become
difficult to find affordable housing that offers
assistance with daily tasks such as bathing and
dressing. By purchasing long-term care insurance
now, you could save tens of thousands of dollars
for medical treatments down the road. Find out if
long-term care insurance in California is right
for you by contacting an agent today. One phone
call can give you a better understanding of how
much coverage would cost.
3-How does it work
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What Does Long Term Care Insurance Cover?

• Long term care insurance provides seniors with
  the financial security of knowing that if they
  ever need to pay for long-term care, they can. If
  youre wondering how it works and whether or not
  you should get long term care insurance, heres
  what you need to know.

In general, all long term care policies provide
three kinds of benefits nursing home coverage,
assisted living coverage, and in-home services
coverage. Some policies may offer optional extra
coverage such as home health aid services and
adult daycare. In addition to covering necessary
medical costs like physical therapy and
prescription drugs (as opposed to discretionary
cosmetic surgery), long term care policies also
cover a portion of your living expenses while
receiving institutionalized carecommonly 70
percent up to a certain daily maximum benefit
amount. This means you would only have to come up
with 30 percent of your covered stay yourself.
The average daily cost at a nursing home varies
by state but tends to range from 100-200 per
day depending on where you live and what kind of
care you need. A typical policy will cost
anywhere from 2-3x monthly rent so plan
accordingly if you think using long term care
services is in your future.
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4-When should you buy it?

• The idea of needing long-term care can be a
  frightening one. So, it makes sense that most
  people have a lot of questions when it comes to
  long-term care insurance. A good time to consider
  purchasing long-term care insurance would be when
  youre reviewing your health and life insurance
  coverage. But dont wait too long or else you may
  be stuck with fewer options and higher costs.

5-Who are the insurers
Once youve narrowed down your needs and wants,
its time to select a provider. This should be
based on your personal preferences for coverage
levels and price. Remember, there are plenty of
plans out there that will offer more coverage
than you need at a higher cost than you can
afford. The key is finding something that fits
into your budgetand still gives you peace of
mind.
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Contact Us

• Address 70 East Sunrise Highway Suite 500 Valley
  Stream, New York 11581
• Email wpamph_at_gmail.com
• Phone [phone]
• Website https//wpinsurances.com/
• Blog https//wpinsurances.com/what-is-long-term-c
  are-insurance/