Only long-term care insurance is designed to reimburse some of the costs of receiving various levels of care for chronic conditions. Owning a long-term care insurance policy provides you options in deciding where or how you receive care and how much and what type of care you can receive in either:
- Your Home
- The Community
- Adult Day Care Centers
- Alternate Living Facility
- Nursing Home
Long-term care insurance can help to:
- Provide funding for potential costs and should be considered an integral part of your retirement plan.
- Preserve your income and assets by helping pay for your care through your policy, and not out of your pocket.
- Fit a wide range of your needs and budget. The earlier you include long-term care insurance in your overall plan, the lower your premium and the higher the likelihood you will medically qualify for the coverage.