Long Term Care
Get a Policy That Helps You Manage LTC
Helping you make smart choices for your family
Long-term medical care is expensive. Whether getting help at home or in a nursing facility, your family could pay a hefty price without insurance. Each year an estimated 11 million American adults require long-term care. And we’re living longer.
The experienced team at Senior Health Solutions, LLC can advise you of the various options and costs to pick the most suitable plan. Having long-term insurance can help prevent a financial burden from falling upon your children, grandchildren, or other family members should you need expensive daily care.
Avoid Unwanted Financial Burdens
Long term care insurance covers costs associated with daily help for adults with:
Alzheimer’s and dementia – Disabilities – Chronic illnesses – Limited mobility due to age or injury
When should you buy it?
In general, it is less expensive if you purchase long-term care insurance before you turn 60, but there are options available for seniors. Although premiums may surprise you, the benefits highly outweigh the costs. Most health insurance policies that include skilled nursing may not kick in until an initial period of time has passed. These costs then fall on you or your loved ones.
What else should you know?
The IRS does not tax long term insurance payments. This means you will not be penalized by the government.
Having long term insurance may also keep you from having to liquidate assets in order to cover your expenses. One of our associates will cover the financial benefits of long-term care insurance at your initial visit.