Conrey Insurance Brokers Blog
What is Assisted Living Insurance?
2/22/2012 10:19:47 AM
In recent years, you may have heard the term “silver tsunami”, which refers to the ageing population in the US. With health care costs rising, the cost of one year in a nursing home may be out of reach for many families. Long-term care and assisted living insurance could be an affordable option to help ensure care for yourself or a loved one in later life.
Long-term care insurance is special insurance for seniors who need prolonged medical care that cannot be performed at home. Long-term policies help with the cost of nursing homes and assisted living facilities. While Medicare may cover some of the cost of staying in a nursing home for short-term rehabilitative use, it generally does not cover long-term living arrangements. This is where long-term insurance may help ease the financial burden of nursing home care.
It can be important to consider long-term insurance as early as possible. Premiums may be much lower for people who are not yet at retirement age. Rates for elderly patients may be higher, but still may be worth the cost given the price of most nursing facilities. To learn more about long-term and assisted living insurance, contact us today. The golden years of life may be eased by knowing your health care is organized!
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Long-term care insurance is special insurance for seniors who need prolonged medical care that cannot be performed at home. Long-term policies help with the cost of nursing homes and assisted living facilities. While Medicare may cover some of the cost of staying in a nursing home for short-term rehabilitative use, it generally does not cover long-term living arrangements. This is where long-term insurance may help ease the financial burden of nursing home care.
It can be important to consider long-term insurance as early as possible. Premiums may be much lower for people who are not yet at retirement age. Rates for elderly patients may be higher, but still may be worth the cost given the price of most nursing facilities. To learn more about long-term and assisted living insurance, contact us today. The golden years of life may be eased by knowing your health care is organized!
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