The Basics Of Long Term Care & Its Insurance Coverage

The Basics Of Long Term Care & Its Insurance Coverage

Long Term Care Insurance Coverage Greenwood Village COHere is what you need to know about long term care and the insurance to cover it.       

Long term care is far from most of our minds until we or someone we love need it. Once we find that ourselves or a family member needs a little extra help, we want to find the right way to get that care. Fortunately, long term care is a service that many businesses specialize in providing. Here are a few things you should know about long term care and the insurance coverage for it.

  • What It Is. Long-term care is not just for people who need ongoing medical attention. Instead, it’s designed to offer you the help you need to continue to manage your household and complete your daily activities while giving you the independence to live in the best situation for your current needs and enjoy the same pastimes you always have.
  • Why You Need It. You may think you’ll never need a helping hand, but the statistics say otherwise. In fact, around 70 percent of individuals over the age of 65 require some extra help to maintain their quality of life.
  • What It Costs. Long term care is a big ticket item. The average private room in a nursing home costs over $85,000 and Medicare won’t cover it. Fortunately, by purchasing long term care insurance today you can ensure that neither you nor your family ever have to foot this bill in its entirety. This means you won’t have to tap into the money you’ve set aside to give to your heirs to get the care you need!

Would you like to talk with an insurance agent who can show you your long term care insurance options? If so, contact Employee Benefit Plans Inc. Serving Greenwood Village and the rest of Colorado, our staff of long term care insurance experts can guide you to the coverage you need to protect your future quality of life and the legacy you leave behind.