Long Term Care Insurance
Not just for the elderly
Long Term Care insurance (LTC) is a critical aspect of a comprehensive financial plan, particularly one that includes the retirement years. Too many people mistakenly assume their health insurance coverage or Medicare will be adequate if they require care because of situations such as dementia, a fall or stroke. Most cases requiring long term care are custodial in nature, and do not require ongoing medical care. Long Term Care insurance coverage is triggered by limitations in activities of daily living or mental impairment . Long Term Care insurance provides coverage for persons requiring any level of care at home or in a facility. This care can be provided immediately, or after a waiting period. Policies vary in price depending on the dollar amount of coverage desired and the benefit period. To discuss whether or not Long Term Care insurance is appropriate for you.