Long term care is the type of care you need when you are no longer able to do the things you take for granted every day. It is needed when simple things, such as getting out of bed, eating, or even taking a shower, become too difficult to do on your own.
Long-Term Care insurance is sold either through groups (private employer, association membership, continuing care retirement communities) or as an individual policy.
Considering Long-Term Care
Long term care insurance (LTCi) pays for home health care, assisted living, nursing home and other long term care expenses. People buy LTCi to protect retirement assets and to maintain freedom of choice when receiving care.
Parntership for Long-Term Care Insurance Program
Many states have implemented Long Term Care Partnership Programs. The Partnership for Long Term Care Insurance Program provides dollar-for-dollar asset protection. Each dollar that your Partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid services. This extra asset protection does not increase the cost of the insurance.
Individual Long Term Care Policy Features
Individual LTCi policies have a wide range of options that allow you to customize coverage. For example: Daily Benefit Amounts from $50 to $500 per day; Benefit Periods from 2 years to 10 years; Elimination Periods from 30 days to 365 days; and many other options.
Acceptance is not guaranteed. An application covering health history must be completed. Individual policies are fully portable. You may apply anytime during the year.
About Legacy Services
Legacy Services periodically provides Long-Term Care educational sessions on UC’s campuses. Legacy Services is an independent broker that has specialized in LTCi since 1999. They represent multiple carriers with high financial ratings. Because everyone has unique needs that must be addressed individually, you can receive a no obligation phone consultation with an agent who specializes in LTCi.
For More Information
For general information and a list of frequently asked questions, go to www.servilink1.net/legacyltc. To schedule a phone consultation or for any other questions, you may contact Legacy at 800-230-3398 ext. 101 or email@example.com.