Now is the time to learn about and purchase “long term care” insurance as a safety net.
As an older adult, you may experience a serious illness or injury which limits your ability to do some of the basic activities of daily living. Medicare will cover only a portion of your stay in a nursing home or a limited amount of in-home care and then care costs can become extremely expensive.
Long term care insurance provides an option for coverage of costs to assist you with care in your home, in the community, in an assisted living facility or in a nursing home. There are different policy options which can help with costs to give you peace of mind. An independent agent can help you evaluate your needs and your financial status to guide you to the right plan for your security and independence.