The landscape of Long Term Care Insurance has changed greatly over the past 25 years. Policies that were purchased 15, 20+ years ago often carried generous benefits with no time limits. For the most part, those policies are no longer available. Policy terms are more restrictive and require close review to know what you are getting.
The following article has some good information for those considering a purchase of long term care insurance. Always consult an expert long term care insurance professional before making decisions. The ever-increasing cost of care in later years should definitely be accounted for in your overall retirement plan.
Remember, if staying at home is your goal, be sure that your policy covers non-medical home care, sometimes called personal care. If we can help you with questions about services and costs of care, feel free to reach out to us at 601-856-5660.
· Alzheimer’s / Dementia Care
· Assistance with all Personal Care Needs
· Companionship & Conversation
· Medication Reminders
· Meal Prep & Clean up
· Light Housekeeping
· Individualized Care Plans