Plan Today for Peace of Mind Tomorrow
Protect What You’ve Built
Many people assume Medicare will cover long term care—but that’s not always the case. If care is needed later in life due to illness, injury, or cognitive decline, the costs can be overwhelming. Long Term Care Insurance helps cover services like assisted living, home health care, and nursing facilities, easing the burden on both your finances and your loved ones.
Understanding Long Term Care Insurance
What It Covers
Long Term Care Insurance is designed to cover the cost of personal care services that aren't typically covered by Medicare or health insurance. This includes help with everyday activities like bathing, dressing, eating, using the bathroom, and moving around your home. Coverage can be used for care received at home, in assisted living communities, adult day care centers, or nursing facilities.
When It Kicks In
Policies generally begin paying benefits once you’ve been assessed by a medical professional and determined to need assistance with at least two Activities of Daily Living (ADLs). There’s also an elimination period—typically 30, 60, or 90 days—before benefits start. We’ll help you understand how that applies to your policy.
Why It Matters
Without coverage, long term care can quickly drain savings. According to national averages, nursing home care can cost over $90,000 per year. This insurance helps preserve your retirement assets and provides peace of mind that care needs won’t become a financial burden on your family.
Flexible Options
Modern policies often allow you to tailor your coverage. Choose your benefit amount, duration, and inflation protection options. Hybrid policies that combine life insurance with long term care benefits are also available—we’ll help you compare.
Common Questions About Long Term Care
Long Term Care FAQs
What is the average cost of long term care insurance?
Premiums vary based on age, health, coverage amount, and policy features. It’s typically more affordable to purchase in your 50s or early 60s. We can provide customized quotes to help you compare.
Can I use benefits to pay a family member to provide care?
Some policies allow for informal care provided by a family member. We’ll review your plan details or help you choose one that offers this flexibility.
Is long term care insurance tax-deductible?
In many cases, premiums can be partially tax-deductible depending on your age and tax situation. It’s best to consult with a tax advisor—but we can help explain what to look for.
How long do benefits last?
It depends on your selected benefit period—common options range from 2 years to lifetime coverage. We’ll explain the trade-offs so you can choose what’s right for you.
