At Morgan & Allen, we know how hard it is to predict what will happen in the future. Our goal is to get you set up to face the future with confidence despite uncertainty. With a long-term care plan, the motive is no different. Long-term care insurance provides extra coverage that Medicare and your health insurance plan may not offer. Long-term care insurance covers the costs associated with the long-term care needs you may have if you have a chronic medical condition, a disability, or a disorder such as Alzheimer’s.
Most long-term care policies will reimburse the policyholder if they are receiving at-home care, or if they are in a nursing home, an assisted living facility or adult day care. Long-term care also applies to those who require assistance with basic tasks like eating or bathing. The cost of your specific policy will depend on the amount the policy will pay each day, the number of days it will pay and the age of the person who’s purchasing a plan. You are eligible for a long-term care insurance if you already have a debilitating condition, and you are not yet over 75. It is recommended that most people purchase long-term care insurance before they reach their mid-sixties.
If you need coverage for long-term care, make Morgan & Allen your choice for insurance agents. We make sure you’re getting the most out of your money with the plan you choose, and that the plan fits your needs and budget in the best way possible. Delaying in purchasing a long-term care plan could result in a negative impact to your finances and the care that you need. Our team of licensed, independent insurance agents are always available and offer their services at no extra cost to you. Call us today to get started!