The cost of paying for the care of those unable to independently care for themselves can be a high price. The cost is much more than financial. Individuals and families can protect themselves by looking ahead and making a plan. This plan is generally funded with insurance. Medicare and most health insurance plans only pay for the care of those who are getting better. Because of age, infirmity, or mental decline, a person may need help performing the activities of daily living (ADLs). A comprehensive Long Term Care Insurance will help pay for the assistance needed. Care can be utilized in the home, assisted living facility, adult day care, and nursing home. The insurance will also pay for home modification (ie. Wheelchair ramp), respite care, and medical transportation. Most insurance companies provide a Care Coordinator for no cost.
Buying Long Term Care insurance is a big decision and is somewhat complicated with lots of unfamiliar terminology and lots of options. Because a traditional Long Term Care policy is not for everyone, there are combination products available that provide Long Term Care coverage along with annuities and life insurance. Paula has the education and experience to take you comfortably through the process of getting the right plan for you.
Paula represents the following highly rated Long Term Care Insurance Companies:
- Genworth Life
- John Hancock
- Mutual of Omaha/United of Omaha
- MedAmerica Insurance Co.
- Massachusetts Mutual Life