Posts

Showing posts from July, 2017

What's Long-Term Care Insurance?

Other programs provide coverage for a selection of services including care in an adult day care center, assisted living, and informal or formal care while some LTC insurance plans cover nursing home care. LTC insurance plans pay benefits like a spouse, parent, or child, to you and anyone else you designate.  Based on the policy, it will reimburse you for services or pay a fixed amount. Although some LTC insurance programs cover nursing home care, other programs offer coverage for a selection of services such as care in an adult day care center, assisted living, and formal or informal in-home care. LTC insurance plans pay benefits like a parent, a spouse, or child, to you and anyone you designate. Depending on the policy, it will reimburse you for services or pay a fixed amount. Do I Want It? Very similar to health homeowners, and auto insurance, LTC insurance helps protect your nearest and dearest you, and your resources. When an older adult lacks insurance and falls sick, the