You probably heard about all the discussions and issues about private long term care insurance and wondering why it is even a concern. It’s not easy to understand the value of this coverage when most people think that it is redundant since there’s Medicare to pay for long term care needs.

2. You probably heard about all the
discussions and issues about private
long term care insurance and wondering
why it is even a concern. It’s not easy to
understand the value of this coverage
when most people think that it is
redundant since there’s Medicare to pay
for long term care needs.

3. The sad fact is, Medicare does not cover
long term care expenses, and at the
most will only pay for 100 days of skilled
nursing care, that is if your cash
allotment doesn’t run out before those
100 days. So with this, private long term
care insurance is one alternative that
can help people pay for long term care
services and protect their savings and
finances.

5. When you buy a long term care
insurance policy, you are basically
purchasing financial protection for you
and your family. That’s because the
insurance will pay for any long term care
related needs such as fees for
caregivers, nurses, therapists, and home
health aides. You don’t have to shoulder
out-of-pocket expenses that will
otherwise drain your family savings.

6. A private coverage also pays for the
more expensive costs of nursing homes
and assisted living facilities, so if you are
the patient, you don’t need to depend
solely on your family for care. You can
choose to enter a nursing home or an
adult day care center if you wish and just
stay there for a more lively social life and
to get the assistance you need daily.

7. Other important benefits and health care
demands that private coverage pays for
include housekeeping services, laundry
services, help with grocery shopping,
travelling or transportation, and home
modifications that the patient may need
in order to move around better in his
home. The insurance will pay for
additional construction of ramps,
staircases, or wider doorways that are
especially necessary if the patient is
already in a wheelchair.

8. What the insurance will not cover are
treatments for addictions and vices such
as alcoholism and prohibited drugs. It
will also not cover therapies due to war
injuries or psychological problems
resulting from the same situation.

9. Coverage is mostly within the United
States only, but there have been some
carries that offer international coverage
for a higher premium rate. If you wish to
get more details about private long term
care insurance, it is best to consult with
an experienced agent that can give you
various quotes from all major carriers.