Individual Long Term Care Insurance

Long Term Care is the kind of care customary either at home or in a facility, when someone requires help with activities of daily living, such as bathing or taking a shower and dressing due to a mishap, an sickness or progressing age.

Rising life expectancy requires that the probable need for “long-term care” increases with every  year of your life. The probability is that you or a member of your family will require long-term support due to a lengthy ailment, a disability, or general deterioration of your healthiness and aptitude to accomplish routine everyday activities.

The majority of long term care costs are not covered by Social Security or Medicare, Medicare Supplement (“Medigap”), or private health insurance. Medicaid compensates for nearly half of all nursing home care, but you are obligated to meet federal poverty guidelines and may be required to “spend down” the majority of your resources on health care.

October 22nd, 2015 by GPS Insurance Agency, LLC