LONG TERM CARE INSURANCE: What you need to know

July 26, 2021
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For the aging population in the US, having the option and ability to remain in your own home is one of the greatest benefits of having long-term care insurance. Once you pass the age of 65, the chance of needing Long Term Care (LTC) rises to 50%. If one doesn’t have the right insurance in place, that could end up leaving major expenses for yourself or your family to deal with.

Although medicare and private health insurance policies cover the cost of medical expenses, they often don’t  cover long term care costs. However, long term care insurance will specifically help to pay for home health care and assisted living, which allows you to age comfortably in your own home. 

According to Investopia, these are the top 5 long term care insurance providers of 2021: 

When deciding on what long term care insurance provider to go with, it is important to ask the right questions and ensure you have everything in place for when the time comes and you need to use the insurance. These are a list of valuable questions to ask the insurance providers: 

  • How Much Is the Benefit?

  • How Long Will the Benefits Last?

  • What Are the Benefit Triggers?

  • What Kind of Care Does the Policy Cover?

  • Is There a Waiver of Premium?

  • Is There an Elimination Period?

  • Are There Coverage Exclusions?

  • Is There a Death Benefit?

At Azalea Home Care, we assist you with Long term care insurance elimination periods and coordinate with long-term care claim specialists to maximize your length of service coverage.  Our goal is to help you extend the benefits of long-term care insurance while sustaining the best care possible. If you would like to know more please feel free to contact us via phone or email.


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