Long-term care insurance is an important protection in the event that you
develop a chronic illness or become disabled. If you are unable to care
for yourself for a lengthy amount of time. Long-term healthcare can cost
upwards of $84,000 a year without appropriate insurance coverage, but
a growing number of employers are including
long-term care in their insurance plan offerings. Here are 5 reasons you should consider
adding long-term care insurance to your healthcare plans.
1. You Have More Freedom for Care
It is a common misconception that long-term care insurance only will cover
assisted living facilities, nursing homes, or hospice. While this coverage
does pay for these options, it can also provide help paying for home care
so you can remain in your home as you age.
2. Your Benefits Are Flexible
Long-term care insurance policies are often quite flexible, which means
you can use your benefits for things you need, such as a walk-in tub or
grab bars to increase the safety and comfort of your current home. Personal
care supplies can be included as a part of your policy benefits.
3. Your Family Can Be Your Caregiver
If you prefer that your family takes over the role of your caregiver, your
long-term care insurance benefits can help reimburse your family for their
time and offer training to help them care for you. Family is important,
and many policies are recognizing the hard work they do to support their
4. Long-Term Care Insurance Isn’t Just For Older People
It can be daunting to face retirement and aging, but the best time to apply
for long-term care insurance is when you are young and in good health.
These benefits are cheaper when you are younger, so it is important to
plan ahead. These benefits aren’t solely for elderly people, as
well. If you should become disabled or ill for a long period of time,
these benefits can be used to help pay for your care, no matter how old you are.
5. Long-Term Care Coverage is Affordable
Without any information, you may feel that long-term care insurance is
a luxury that is out of your reach. The reality is, these policies can
be quite affordable, especially when you are younger. Many employers even
offer voluntary coverage through their healthcare options, so it is in
your best interest to talk to your company representatives about your
Long-term care benefits can provide you with the freedom to choose your
care. At Mount Carmel Assisted Living, we are committed to providing top-notch
care for you or your loved one. Our highly trained Hampton long-term care
professionals have been supporting your family and providing quality living
assistance for the memory-impaired since 1986.
Schedule a tour to learn more about our services.
Contact our team online, or speak to a representative by calling (770) 824-3385.