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Long-Term Care
Long Term Care (LTC) is assistance that people need over an extended period of time when you can no longer take care of yourself due to accident, disability, illness or age. Long Term Care insurance helps pay for these Long Term Care services, which traditional insurance like Medicare, health insurance and disability insurance do not pay for. You can complete the quote request form and our insurance specialist will contact you.
What is Long-Term Care?
Long term care is primarily custodial care and includes a range of services provided to people who need ongoing help with the Activities of Daily Living or supervision when there is deterioration in mental capacity from Alzheimer's Disease or other forms of dementia. Activities of Daily Living, or ADLs, include bathing, dressing, eating, using the toilet, continence, and transferring from a bed to a chair.
What are the advantages to owning a Long Term Care insurance policy?
Long Term Care insurance not only pays for the high expenses of long term care; it also protects retirement savings, property, family assets, and lifestyle. Equally important, it provides a peace of mind knowing that you will be taken care of, without ever having to impose on family members. People who want to protect their family from the consequences of long term care understand the need for LTC.
Won't Medicare or Medicaid pay?
Medicare does NOT pay for custodial care. It pays only for skilled care in very limited circumstances. Private health insurance typically does not pay for custodial care either. Medicaid will pay for custodial care, but only if the consumer is impoverished. Before anyone is eligible to receive payment from Medicaid they must first spend down all their assets, including the value of their home. The amount of assets a person is allowed to keep varies slightly by state residence. Married couples are allowed to keep a home, a car, and approximately $100,000 in assets (this varies by state).
Integral Financial LLC, a licensed insurance agency, offers annuity and life insurance products that are issued by leading insurance companies that are not affiliated with Integral Financial. Guarantees are subject to the claims-paying ability of the issuing insurance company. For further details, please feel free to contact a Integral insurance agent at 888-666-6551.