Comprehensive Long Term Care Insurance Solutions for Your Clients
Our Preferred Products feature up to "Lifetime" daily or monthly benefits to reimburse LTC/Extended Health Care expenses with premiums guaranteed for the life of the policy via single pay, limited pay/10 years or even for a lifetime payment method.
Don't be shy about discussing LTC. When your clients realize that there is a very real risk of having to pay out of pocket for long term care you should be their expert! To discuss a case, call Bill Jr. @ 713-771-7226 or email me. You and your clients will be glad you did!
Don't be shy about discussing LTC. When your clients realize that there is a very real risk of having to pay out of pocket for long term care you should be their expert! To discuss a case, call Bill Jr. @ 713-771-7226 or email me. You and your clients will be glad you did!
Refresher: What is Extended Health Care, "Long-Term Care"?
Extended Health Care or "Long Term Care" is the type of care one may need when he or she is not able to perform some of the basic activities of daily living such as: Eating, Bathing, Continence, Dressing, Toileting, Transferring in and out of bed, chair and/or wheelchair.
Long term care needs typically arise from:
In a variety of settings, including in one's home, assisted living facility or a nursing facility and even in a hospice facility.
So, who Needs to Plan for Long Term Care Expenses?
Anyone who wishes to prepare for their future medical costs, maintain their independence, and protect their family assets from the cost of extended care. Those who want to leave a legacy of financial and medical preparedness. Those who who prefer to use an insurance carrier's money before using their own hard earned and saved dollars.
Long term care needs typically arise from:
- Frailty due to advanced aging, a debilitating injury, a progressive illness, a severe cognitive impairment, or a combination of chronic conditions that degrade a person's health.
In a variety of settings, including in one's home, assisted living facility or a nursing facility and even in a hospice facility.
So, who Needs to Plan for Long Term Care Expenses?
Anyone who wishes to prepare for their future medical costs, maintain their independence, and protect their family assets from the cost of extended care. Those who want to leave a legacy of financial and medical preparedness. Those who who prefer to use an insurance carrier's money before using their own hard earned and saved dollars.
Needing Extended Health Care/LTC Does Not Mean Shipping Off a Loved One to a Nursing Home!
Home and Community Care Services
Home health care may allow a person to live in their own home or to return to their home by helping them with the activities of daily living that they can't manage alone due to physical or mental impairment or illness. There are Home Health Care only policies that are very affordable and easy to qualify for.
As needs progress, facility care services are where many will turn for care:
Facility Care Services include assisted living facilities, which offer on-site support for activities of daily living, and nursing facilities, which offer more intensive care related to patient supervision, therapies, rehabilitation, and medication.
Home health care may allow a person to live in their own home or to return to their home by helping them with the activities of daily living that they can't manage alone due to physical or mental impairment or illness. There are Home Health Care only policies that are very affordable and easy to qualify for.
As needs progress, facility care services are where many will turn for care:
Facility Care Services include assisted living facilities, which offer on-site support for activities of daily living, and nursing facilities, which offer more intensive care related to patient supervision, therapies, rehabilitation, and medication.
OPTIONS: How Can Your Clients Cover the Cost of Extended Health Care (LTC)?
Public programs:
Medicare covers services that are medically necessary, such as doctor visits, drugs, and hospital stays, and it is limited to conditions that are expected to improve, like physical therapy after a fall or stroke.
Medicaid programs often pay for long term care services, but to qualify for benefits an individual must meet their state poverty level guidelines.
Private or family support:
Family members and loved ones can provide care or funds for long term care needs. But often, the physical, emotional, financial, and daily routines have a significant negative impact on those caregivers and their own families.
Self-funding: A person may pay for their long term care costs out of savings, retirement savings or from retirement income. However, they may not have saved enough prior to an event occurring creating a need for care or enough to fund an extended need for care. Extended care, even in one's home, is not cheap. And if funds are not already set aside a calculation involving time to accumulate, amount to accumulate and how long funds will be needed will need to be determined so one knows how much they need to start setting aside to achieve a self funded plan.
Insurance options include:
Health Insurance: May only cover part of the cost for hospital stays, doctor's visits, and prescription drugs, but may not cover the support needed for daily activities related to long term care such as bathing or using the restroom.
Disability Income Insurance: Replaces lost income in order to cover basic living expenses such as food, rent, and clothing and of course any "left over" funds could be used to cover the costs of long term care services.
Critical Illness or Cancer Heart Attack and Stroke Insurance: CI and or cancer, heart attack and stroke insurance policies are designed to pay lump sum benefits at the time of diagnosis to assist in treatment and recovery from a covered condition and while some funds may be left to cover extended care they are not designed for ongoing payments to reimburse health care costs.
Long-term care insurance: Comprehensive Long-term care insurance is designed to protect a some of a person's assets against extended health care costs. LTC insurance options allow a person to have some peace of mind knowing that by planning today they will gain independence and control over choices about health care and personal wealth retention in the future and not have to "hope" things work out.
Medicare covers services that are medically necessary, such as doctor visits, drugs, and hospital stays, and it is limited to conditions that are expected to improve, like physical therapy after a fall or stroke.
Medicaid programs often pay for long term care services, but to qualify for benefits an individual must meet their state poverty level guidelines.
Private or family support:
Family members and loved ones can provide care or funds for long term care needs. But often, the physical, emotional, financial, and daily routines have a significant negative impact on those caregivers and their own families.
Self-funding: A person may pay for their long term care costs out of savings, retirement savings or from retirement income. However, they may not have saved enough prior to an event occurring creating a need for care or enough to fund an extended need for care. Extended care, even in one's home, is not cheap. And if funds are not already set aside a calculation involving time to accumulate, amount to accumulate and how long funds will be needed will need to be determined so one knows how much they need to start setting aside to achieve a self funded plan.
Insurance options include:
Health Insurance: May only cover part of the cost for hospital stays, doctor's visits, and prescription drugs, but may not cover the support needed for daily activities related to long term care such as bathing or using the restroom.
Disability Income Insurance: Replaces lost income in order to cover basic living expenses such as food, rent, and clothing and of course any "left over" funds could be used to cover the costs of long term care services.
Critical Illness or Cancer Heart Attack and Stroke Insurance: CI and or cancer, heart attack and stroke insurance policies are designed to pay lump sum benefits at the time of diagnosis to assist in treatment and recovery from a covered condition and while some funds may be left to cover extended care they are not designed for ongoing payments to reimburse health care costs.
Long-term care insurance: Comprehensive Long-term care insurance is designed to protect a some of a person's assets against extended health care costs. LTC insurance options allow a person to have some peace of mind knowing that by planning today they will gain independence and control over choices about health care and personal wealth retention in the future and not have to "hope" things work out.