Long Term Care Insurance in Spartanburg, SC
Learn more about long term care insurance as a payment option for home care services.
Comfort Keepers can prolong independent living for your senior loved one. If you are worried about your beloved senior, working with our team of caregivers in Spartanburg, SC can enable you to remain included in the process of creating an individual care plan for your loved one. There are different home care payment options, one of them is insurance.
Extended in-home senior care costs can easily drain one's finances. Opting for a long term care insurance plan can minimize the financial and emotional impact on your loved one’s budget. Unlike traditional health insurance, this type of insurance is designed to cover long-term services, lessening the impact a health care crisis can have on your loved one’s savings.
Although coverage for long term care insurance is expensive, think about all the benefits. It can preserve one's savings and assets, help maintain financial independence, and relieve family and friends of future caregiving tasks. Considering all of the above, the cost may not seem so bad after all. This is not an easy decision to make, so it is best to educate yourself and consult a financial advisor that is well versed in the field.
There is a vast array of options in regard to long term care insurance policies. Some policies cover specific types of at home care. Research what is covered and what is excluded and pay attention to the elimination period. This is better known as waiting time, lasting anywhere between 30 to 180 days, during which the covered individual will pay for his/her own care before benefits become available. The longer the elimination period, the lower the premium will be. Inflation is also something to consider, as it can significantly increase premium costs over time. Many plans offer inflation protection option that will protect your benefit amount from inflation.
For more information on insurance and coverage for at home care, please contact our Comfort Keepers office in Spartanburg, SC
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