Long Term Care (LTC), Defined

LTC is care provided for persons with chronic diseases and disabilities. Long Term Care may be provided in your home by a loved one or a professional, at an adult day care center, in an assisted living facility, or in a nursing home.

What Does Long Term Care Insurance Cover?

A Long Term Care Insurance (LTCI) policy may reimburse these persons for daily health and social services provided under the supervision of medical professionals.

Is Long Term Care Insurance a Standard Policy?

No. Whether you are a resident of York County, PA, or some other part of South Central Pennsylvania, purchasing Long Term Care Insurance (LTCI) requires careful thought because there are no standardized LTCI plans, and each LTCI plan is constructed from a variety of options.

Suitability Laws require that the licensed insurance agent determine if the coverage you select specifically meets your needs. Therefore, you need to be prepared to have several face-to-face interviews with a professional insurance agent who will review and recommend coverage options that are right for you.

Are You Seeking Long Term Care Insurance Coverage?

To begin, consider these basic questions:

• Do you want coverage for three years, five years, or life time coverage? A longer coverage period will mean a higher premium.
• Do you want coverage top start in 30, 60, or 90 days, or maybe in six months or a year? A policy that starts paying sooner will carry a higher premium.
• What amount per day do you want your LTCI plan to pay?
• Do you want your LTCI plan to include home health care?
• Is compound interest, level interest, or no inflation protection best for you?

As you search for the right LTCI coverage to meet your needs, why not contact Dennis D. Smith Life and Health Insurance to get your questions answered and receive a no hassle, no-commitment Suitability Evaluation?