The medical field has made major advancements in treatment, allowing many individuals to live longer, fuller lives. At the same time, you never know when your health will be at risk. Medical care is unwaveringly expensive field in which you don’t want to compromise. Planning for the most unfortunate of health incidents with Long-Term Care Insurance will ease the stress of facing a serious medical issues plaguing your family.
Basic health insurance will cover care in the hospital, at doctor visits, and preventive health care options up to 30 days of recuperation, but is doesn’t take into consideration the needs of those requiring long-term care.
Disability doesn’t cover any ongoing medical care, either. Don’t let coverage for your loved ones fall short because of poor preparation. An ERM Insurance broker would gladly assist you in finding the right long-term care insurance to fit your family’s needs.
Long-term care insurance is not included in Medicare coverage or basic of health insurance plans. It will save you stress and financial instability if around-the-clock care is ever needed, so you don’t end up paying out of pocket.
While you or a member of your family recovers from a major illness or serious accident, the ability to perform everyday functions and activities is limited. Elderly individuals experience this at varying degrees as they age. Long-term care insurance offers coverage for those who need daily help with cooking, cleaning, dressing, and other activities that require movement, so that this responsibility doesn’t fall heavily upon your shoulders.
This type of coverage for long-term care is necessary and recommended for those in nursing homes, as the average monthly cost is nearly $5,000 a month, and is sometimes needed for years on end.
Elderly individuals sometimes need special medical equipment, in-home care, and a stay in a nursing home for proper upkeep of their health. Be prepared to face these costs with coverage that will help pay for long-term medical and non-medical services. Depending on your coverage plan, you can pay a fixed amount on these long-term care services, or gain full reimbursement.
Don’t wait until you or your loved one is in need of this type of care to sign up. Age and health status can affect the cost of your policy, which varies from state to state. Be in good health when you gain long-term insurance coverage because there are often waiting periods before payment for care can be reimbursed.
Find out if long-term care insurance is right for you.
Speak to a consultant at ERM: (949) 222-0444.