Long-term care insurance during the coronavirus

insurance during coronavirus

With talk of COVID-19 all around us, you may be taking a second look at your medical plan and insurance. Something to consider is long-term care insurance. Long-term care insurance includes services usually not covered by your traditional insurance plan. The services are to help you once you reach a point in life where you cannot be as independent as you once were. Long-term care insurance is not just for the elderly. It can be used if you have a chronic illness, a disability or a disorder that impacts your day-to-day living. 


It is essential to consider long-term care insurance before you ever need it because obtaining it after you’re already in need is usually not an option. Wondering what long-term care insurance covers? Long-term care insurance helps with the financial burden of the additional care you may need as you become less independent. This includes care in your home, care in a nursing facility or assisted living facility or even an adult daycare center. 


Long-term care insurance may be provided through your existing insurance as an add-on, or some of the services may be built in. Ask your employer for more details. If long-term care insurance is not provided by your employer, it’s good to research other options. Both personal and joint plans can be purchased through private providers. 


Long-term care insurance should be considered as part of your financial planning for the future. People invest in long-term care insurance for a number of reasons. Firstly, it helps with cost. Without long-term care insurance, it may not be affordable for you or your family to give you the care you need. Additionally it gives you more options for care. During this pandemic there are people who are needing to move into care facilities but they are nervous about the increased risk. With long-term care insurance they may have the option to receive their care in home instead. 


Long-term care insurance may not be necessary for everyone, but it can be very helpful for those who want to prepare for the future for themselves or their family members. Find out if long-term care insurance is right for your or your loved ones by contacting Care Financial. Our highly professional team can walk you through the steps and explore your options to find the perfect fit for you. Contact us online at www.carefinaicialonline.com or call us at 251-250-1745.