It might be hard to imagine now, but there may be a time in your life where you will need a little extra help taking care of yourself. This is where long term care insurance can step in to save you money.
What is long term care insurance?
Long term care insurance is designed to cover the costs of long-term services. This includes the five daily acts of living such as grooming, dressing, toileting, transfer or ambulating, and eating. There is also hybrid long term care insurance that combines permanent life insurance with long term care coverage.
What is assisted living?
Assisted living facilities are meant for older adults that can remain independent but need assistance with the daily act of living. Assisted living facilities are residential like communities where the residents have private rooms but share communal spaces. People in assisted living do not need the medical assistance that people in nursing homes require.
What assisted living expenses are covered by long term care insurance?
This generally includes:
- Daily living activities such as grooming, dressing, toileting, transfer or ambulating, and eating.
- Skilled nursing care
- Certain therapies such as physical and speech.
Other care options long term insurance can cover:
- Nursing home care
- At home care
- Hospice care
- Adult day health care
Long term care insurance can cover the costs of getting older, whether you wish to live in assisted living, in a nursing home or at home. Talk to one of our experienced Avery Hall agents to find out which plan works best for you at 410-742-5111 (Salisbury) or 410-822-7300 (Easton.)