Long Term Care Insurance

If you or a family member are 65 years of age or older, you may need long term care soon. Most insurance companies don’t offer long term care insurance and Medicare, and Medicaid may provide limited coverage if you meet specific criteria. Long term care insurance can provide the coverage you need to live your life on your terms. InsureOne provides reliable long term health insurance that will help you live in your home with the assistance of trained professionals.

What is Long-Term Care Insurance?

Long-term care insurance helps cover the costs associated with receiving in-home personal care, such as meal preparation, help with bathing, transportation to doctor appointments, and it can be used to cover home modifications such as wheelchair ramps.

Most long-term care is not medical care, but assistance with the basic personal tasks of everyday life.

How Much Does Long-Term Insurance Cost?

The cost of long term health insurance will depend on how much coverage you want. You can call InsureOne today at 800-836-2240 to get a free long term care insurance quote.

Long Term Care Insurance Companies

There are not a lot of long-term insurance companies. According to a 2016 study published by the National Association of Insurance Commissioners, less than a dozen insurance companies are selling long term care insurance policies. InsureOne offers affordable long term care insurance by comparing rates from the top insurance companies to make sure you get a policy that works best for you.

Elderly woman in living room with caregiver

How Does Long-Term Insurance Work?

You apply for long term care, and once you are approved, you begin paying your premiums.

Under most long-term care policies, you’re eligible for benefits when you can’t do at least two out of six activities of daily living, or ADLs, on your own or you have dementia or another cognitive impairment.

The activities of daily living are:

  • Bathing
  • Grooming
  • Dressing
  • Eating
  • Toileting (getting on or off the toilet, cleaning)
  • Transferring (getting in and out of bed, sitting down, getting up)

When you have decided that you need care and want to make a claim, your insurance company will review your medical history and may send a nurse to do an evaluation.

File your claim as soon as there are signs that you or your loved one needs professional care. Many insurance policies include waiting periods called elimination periods. With some policies, you may have to pay for long-term care services for up to 90 days before your insurer starts reimbursing you.

Before approving a claim, your insurer must approve your “plan of care.”

What is a Plan of Care, and How is it Determined?

A plan of care is a doctor’s written plan describing the type and frequency of services and care that a patient needs. Your insurance company will then provide an approved plan of care that outlines the benefits you are eligible to receive.

Long-Term Care Insurance Quote

If you are interested in learning more about long-term insurance, request a free long-term care insurance quote online or call InsureOne today at (800)-836-2240. Our experienced agents will provide a quote that is customized for you. Call now and get your free long-term quote in just a few minutes.