If you’re retired or approaching retirement, you might be wondering about the best way to protect your assets for a time in life when you might not be able to care for yourself. For many people, long term care insurance is the solution.
What Should I Know About Long Term Care Insurance?
Long term care insurance can safeguard your assets and provide you with peace of mind. It’s designed to help cover the high cost of nursing home or in-home care if you need it someday, as well as other types of specialized care such as physical therapy and home health aide services.
Keep in mind that Medicare only pays for care received in a hospital, skilled nursing facility or hospice. Medicare has no coverage for home health aide services, Alzheimer’s or dementia care, assisted living or adult daycare — all types of care typically covered by long term care insurance. And Medicare doesn’t cover the cost of a care facility prior to admittance, which is when many people realize they need help.
While all of this might sound overly complicated, the good news is you have help available. Our team can talk you through your choices and help you come to an informed decision that’s right for you and your family. Don’t wait, contact us today by clicking on the link below!
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