Long Term Care Insurance
Long term care insurance helps you receive the care you need, even when it’s an expense your primary insurance doesn’t pay. If you’re going to be out of work for a long time, and will require long term care, then this type of policy can help pay your bills.
When you file a claim, you usually must need care for longer than 30 days. The policy will become active when you reach day 31. You will need to know the specifics of your policy to know exactly what to do and what to expect.
When your policy becomes active, it will pay for your long term care. This is generally for care that your primary insurance doesn’t cover, such as home health aides, adult daycare, and similar situations. The length of time depends upon how long the policy covers. The policy might cover 60 days, 90 day or more. You can choose a policy based on your needs and the cost of the premium. You want a premium that you can afford to pay without struggle.
Long term care is beneficial when you are dealing with an illness that lasts a long time. With this coverage, you won’t have to ask your family to care for you or feel like you’re a burden. The policy will pay for the care you need, and allow you to retain your independence.