The majority of senior citizens are likely to require some level of additional support as they age. Extra care can be in the form of assistance with the basic tasks of daily living, such as bathing, dressing and eating.
Professional in-home caregivers, among other services, are available to help seniors with tasks like these. In order to pay for in-home caregiving services, long-term care insurance offers immense financial benefits.
Long-term care insurance can be purchased from private insurance companies or agents, under an employer’s group policy or association membership.
Life insurance policies may also offer long-term care insurance. Federal and state employees, their families and retirees have access to long-term care insurance through the government’s long-term care insurance programs for employees.
It is important to not be misled by false advertising for long-term care insurance. Medicare does not sell long-term care insurance policies. Long-term care policies also vary, so be sure to contact several insurance companies to compare benefits, limits of coverage, what services are and are not covered and the premiums.