This insurance is provided in the event that an individual require assistance with 2 of the 6 activities of daily living. Activities of daily living are: toileting, transferring out of bed, bathing, eating, dressing, and maintaining continence. The benefits received from a long-term care policy can provide for care in a nursing home or facility, or for home care within the client’s residence. This plan can help prevent potential clients from depleting their retirement savings or selling off assets due to unplanned medical care expenses.
Different types of plans are available. Some polices pay clients monthly and required proof of expenses, while other policies will pay monthly without any proof of expenses. There are also some plans that offer clients access to a pool of funds up to a policy maximum.
The best way to determine the most appropriate Long Term Care plan for your needs is to contact me so we can review what those needs are and how to fulfil them.