Long Term Care

Long-term care insurance is something everyone should give serious thoughts about because not having it may put your hard-earned savings and income at risk.

Let Orlando Insurance Advice help you in your journey of considering Long Term Care and in deciding what the appropriate amount necessary would be. Click here to have one of our licensed advisors contact you with information on long term care.

Long-term care insurance offers important advantages.

Long-term care insurance may help protect your savings and income and provide you with more options for maintaining your independence. Having long-term care insurance may also help lessen the financial and emotional burden on your family. There are insurance plans that offer you the flexibility to secure a more affordable level of coverage now and then increase your benefit amount over time.

Health insurance, disability income insurance and Medicare do not pay for most long-term care expenses.

Medicaid will pay for some long-term care services, but only after you’ve “spent down” virtually all of the assets counted by the state in determining your eligibility, including your personal savings and retirement accounts.

Long-term care insurance is not just for the elderly.

The need for long-term care services can occur at any point in one’s life. Long-Term Care is the care you need when you can no longer care for yourself and need assistance with life’s activities of daily living, such as eating, dressing and bathing. It can affect people of all ages due to an accident, chronic illness, advancing age or cognitive impairment such as Alzheimer’s disease.