5 Reasons to Buy Long-Term Care Insurance

5 Reasons to Buy Long-Term Care Insurance

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Long-term care insurance is an important protection in the event that you develop a chronic illness or become disabled. If you are unable to care for yourself for a lengthy amount of time. Long-term healthcare can cost upwards of $84,000 a year without appropriate insurance coverage, but a growing number of employers are including long-term care in their insurance plan offerings. Here are 5 reasons you should consider adding long-term care insurance to your healthcare plans.

1. You Have More Freedom for Care

It is a common misconception that long-term care insurance only will cover assisted living facilities, nursing homes, or hospice. While this coverage does pay for these options, it can also provide help paying for home care so you can remain in your home as you age.

2. Your Benefits Are Flexible

Long-term care insurance policies are often quite flexible, which means you can use your benefits for things you need, such as a walk-in tub or grab bars to increase the safety and comfort of your current home. Personal care supplies can be included as a part of your policy benefits.

3. Your Family Can Be Your Caregiver

If you prefer that your family takes over the role of your caregiver, your long-term care insurance benefits can help reimburse your family for their time and offer training to help them care for you. Family is important, and many policies are recognizing the hard work they do to support their loved ones.

4. Long-Term Care Insurance Isn’t Just For Older People

It can be daunting to face retirement and aging, but the best time to apply for long-term care insurance is when you are young and in good health. These benefits are cheaper when you are younger, so it is important to plan ahead. These benefits aren’t solely for elderly people, as well. If you should become disabled or ill for a long period of time, these benefits can be used to help pay for your care, no matter how old you are.

5. Long-Term Care Coverage is Affordable

Without any information, you may feel that long-term care insurance is a luxury that is out of your reach. The reality is, these policies can be quite affordable, especially when you are younger. Many employers even offer voluntary coverage through their healthcare options, so it is in your best interest to talk to your company representatives about your coverage options.

Long-term care benefits can provide you with the freedom to choose your care. At Mount Carmel Assisted Living, we are committed to providing top-notch care for you or your loved one. Our highly trained Hampton long-term care professionals have been supporting your family and providing quality living assistance for the memory-impaired since 1986.

Schedule a tour to learn more about our services. Contact our team online, or speak to a representative by calling (770) 824-3385.

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