Long-term care insurance is essential to ensuring you and your continued stability in the event on a life-changing health event, like a cardiovascular event or loss of memory. As explained by AARP , different types of long-term care insurance resident policies may cover different services, and you need to understand their key differences to make sure you have the right policy for your long-term care needs.
The most common type of long-term care insurance is used for nursing homes and skilled nursing facilities. This covers around-the-clock care, including both custodial care and medical care. However, some policies may only cover specific portions of nursing home services. For example, some policies may not cover rehabilitation services unless directly related to a new health event.
Assisted living is comparable to both skilled nursing living and independent living. People receiving assisted living services may live in apartment-style units with individualized services, like medication delivery and administration or even meal preparation and delivery.
Adult day care services refer to programs outside your residence that aid adults in need of help during the day. These programs may be available for those with intellectual disability, physical disabilities, or other health problems. However, the level of care does not rise to the around-the-clock and managed level of services in the aforementioned types of care.
Home care and home modification are types of long-term care insurance designed to help people continue living independently or in their own homes after an event occurs. Home care may involve the assignment of medical staff to periodically check on the person receiving services, including conducting health care assessments as necessary. Meanwhile, home modification may be covered if hand rails, grab bars, or ramps are installed to prevent falls and ensure independent, safe living.
Depending on what caused a person to need long-term care services, long-term care coordination and managed care may be necessary.
For example, managed care by a case manager may help individuals living with chronic illnesses secure funding and transportation to and from physician’s appointments, get their medications, and complete any necessary paperwork for insurance claim filings. Some health insurance policies may cover case management, but it is important to check for exclusions listed within your policy before making any assumptions.
Comparable to other insurance forms, any long-term care policy may be subject to limitations and exclusions. Even those with existing long-term care policies should review their documentation for exclusions, and if multiple exclusions and limitations exist, it may be worth it to revisit your long-term care insurance options with an experienced insurer.
In fact, the professional staff at Winters Insurance Group can help you determine if your existing coverage is right for you and select a policy based on your needs. To learn more about today’s long-term care insurance policies available, including buy-up options for existing policyholders, contact Winters Insurance Group online today.
Whether you are buying a new home and need to reconsider your home insurance or just are looking for a way to save some money on a better policy in your current home, Winters Insurance can give you access to a number of different options in order to find you the best coverage and premiums for your home and budget.
Is it time to change upgrade your health insurance ? Whether you recently got married or added a child to your brood, it’s important to consider how a life change impacts the need for insurance. While the selection process may seem daunting, we are here to help the process go quickly and efficiently. At Winters Insurance Group we can comb through a number of different policy options with a clear focus on finding the best health insurance for your family.
We ask our clients a number of essential questions to help them find the best family health plan, so before getting started on the search in earnest, you should do some research to determine what your needs are in each of the following areas:
Now that the Affordable Care Act, or Obamacare, mandates that most Americans purchase health insurance, some young and healthy people are questioning whether they need coverage at all. The fact is, even if you think you are healthy, contracting a sudden or serious illness can lead you down the path of financial ruin if you are uninsured. Plus, it’s worth the peace of mind knowing that if something happens to you, you’re covered. Choosing not to have health insurance is a major risk, and here at Winters Insurance Group , it is not something we would recommend doing.