Understanding Long Term Care Insurance

Understanding the payment options for home care can be complicated and confusing. One of the first steps in the process is to determine whether or not your loved one has Long Term Care insurance.

Because the in-home care your loved one requires is considered “non-medical”, these services are not covered by traditional health insurance, Medicare or Medicaid.

What is Long Term Care Insurance?

Long Term Care insurance (LTC or LTCi) helps provide for the cost of long-term care beyond a predetermined period. Long Term Care insurance covers in-home care and community-based care, which is generally not paid for by health insurance, Medicare, or Medicaid. These individuals require long-term home care and are unable to perform the basic activities of daily living (ADLs) including bathing, dressing, eating, continence, toileting and ambulation.

Types of Long Term Care Insurance Benefits

Long Term Care insurance generally covers home care, assisted living, adult daycare, respite care, nursing home, dementia care facilities, home modification and Durable Medical Equipment (DME). Home Modification typically covers 30 to 60 days of benefits. Long Term Care insurance can pay for home care in the form of a visiting or live-in caregiver, companion or nurse up to seven days a week, 24 hours a day. Key components of LTCi:

  • Daily benefit
  • Lifetime benefit
  • Elimination period

Investing in a Long Term Care insurance policy prior to changes in your loved one’s health, cognitive ability, physical or emotional condition as well as changes in their mobility can provide peace of mind that they will have the necessary coverage for comprehensive in-home care services if and when they are needed.

If you’re not sure about the coverage of your loved one’s Long Term Care insurance policy, contact Caregiving Experts today for a free, no-obligation Long Term Care insurance evaluation.

Southeast Michigan’s Trusted Home Care Agency

Caregiving Experts offers assistance with long term care insurance for our clients. In addition to proving free LCTi policy evaluations and free processing of home care claims for individuals with long term care insurance benefits, we can also provide comprehensive in-home care services, senior and elder care services, Alzheimer’s & dementia care, as well as 24 hour live-in care services throughout Southeast Michigan, including the Detroit Metro area suburbs including Wayne CountyOakland County and Macomb County. We provide our home care, senior care and dementia care services to residents of PlymouthLivoniaCantonNoviFarmingtonCommerce Twp., BloomfieldSouthfieldRoyal OakTroyRochester HillsClinton Twp.WarrenGrosse PointeDearbornAllen Park, and White Lake to name a few.