Jane D. Ogilvie
Proprietor
What is Long Term Care Insurance?
Long term care insurance is available to help finance your stay in a nursing home, or to provide you with the monies required for you to have home health care services, day care services, Assisted Living care, and respite care.
Why Consider Purchasing Long Term Care Insurance?Nursing home care is costly. Medicare does not pay for the custodial care you receive in a nursing home and most supplemental policies don't either. Medicaid will pay for your stay if you've exhausted all sources of income and assets to meet their financial eligibility criteria. Long term care insurance is a way to protect your assets when nursing home care is required. It can prevent you and your family from paying out thousands of dollars from savings and or retirement funds.
When Should I Inquire About Long Term Care Insurance?
Basically, the sooner the better. The younger you are and the better health you are in, the lower the cost. You need to apply for it before a serious condition develops.
How Can Senior Solutions Help?
Senior Solutions will make a housecall to determine your status. A full assessment of your needs will be completed, and recommendations to meet those needs will be made. Financial planning is only one aspect of the assessment, but equally as important as other aging issues which are addressed.
To schedule an appointment for a full assesssment of needs or further information pertaining to financial planning for Seniors, contact Senior Solutions of Pinellas County.