Skip to main content

Long Term Care

At River City Senior Benefits, we recognize the importance of preparing for the future, especially when it comes to potential long-term care needs. Our Long Term Care Insurance is designed to help you protect your assets, ensure quality care, and prepare for any future healthcare needs with peace of mind.

What is Long Term Care Insurance?

Long Term Care Insurance helps cover the cost of extended medical needs, whether in a nursing home or the comfort of your own home. It’s designed to fund services that traditional health insurance, Medicare, and even Medicaid might not cover fully, such as custodial care needed for daily activities like bathing, dressing, and eating.

Who Needs Long Term Care Insurance?

This insurance is vital for anyone looking to secure their future healthcare needs. Statistics show that about 70% of people over 65 will require some type of long-term care services during their lifetime. With the average annual costs of private nursing care being around $91,250 and home nursing care at about $80,300, it’s clear that having long-term care insurance can significantly relieve financial stress.

Get Connected to a Local Agent For Personalized Assistance

Understanding Medicare and Medicaid in Long Term Care

Medicare Long Term Care Coverage

Generally, Medicare does not cover long-term custodial care. It will cover medical care for conditions treated during long-term care, like a heart attack, and certain types of therapy received in a skilled nursing facility, provided specific criteria are met.

Medicaid Long Term Care Coverage

Medicaid provides long-term care coverage for low-income individuals who meet state and federal requirements. It is an essential program for those who have exhausted their resources, covering nearly two-thirds of nursing home residents in the US.

Understanding Long Term Care in Medicare

Get Started with Long Term Care Insurance

Preparing for long-term care is a crucial aspect of family planning. To ensure you are well-informed and choose the coverage that best fits your needs, River City Senior Benefits offers a free consultation with our long-term care experts. They can guide you through the details of different policies, help you understand the eligibility requirements, and assist in making the best decision for your future care needs.
Long Term Care Insurance

Questions and Answers About Long Term Care Insurance

What exactly is long-term care insurance?

Long-term care insurance is designed to cover services that help meet health or personal care needs over an extended period. This can include care in various settings such as your home, a nursing home, or an assisted living facility, primarily for assistance with daily activities and medical care.

Who needs long-term care insurance?

Anyone concerned about their future health, maintaining independence, and protecting their assets as they age should consider long-term care insurance. It’s especially important if you want to avoid burdening your family with the cost of care.

At what age should I consider buying long-term care insurance?

The optimal time to buy long-term care insurance is in your mid-50s to mid-60s, while you are still in good health and more likely to qualify for lower premiums. For detailed guidance tailored to your situation, consider scheduling a free consultation with River City Senior Benefits.

How much does long-term care insurance cost?

The cost of long-term care insurance varies based on age, health status, the level of coverage, and when you buy the policy. To get a precise estimate and explore payment options, contact River City Senior Benefits for a free consultation.

What does long-term care insurance cover?

Long-term care insurance typically covers services such as nursing home care, home health care, and assisted living facilities. It also covers care for chronic medical conditions and assistance with daily activities like bathing, dressing, and eating.

Can I receive long-term care at home instead of a facility?

Yes, many long-term care insurance policies provide for home health care to support you in staying in your home as long as possible. For specifics about what your policy can cover, please reach out to River City Senior Benefits.

What is the benefit period for long-term care insurance?

The benefit period can range from a few years to a lifetime, depending on the policy you choose. Our experts at River City Senior Benefits can help you decide the right benefit period based on your needs and financial plans.

Are there different types of long-term care policies?

Yes, there are several types, including traditional long-term care policies, hybrid policies that combine life insurance with long-term care insurance, and short-term care policies. For a clear understanding of each and help choosing which is best for you, consult with River City Senior Benefits.

More Questions? For answers to all your questions, please schedule a consultation with one of our agents. At River City Senior Benefits, we are committed to helping you understand your long-term care insurance options and ensuring that your future health and financial well-being are secure.

Be Financially Secure.

Learn more about your options

Hospital Indemnity Plans

Long Term Care

Cancer Insurance

Final Expense Insurance

Protect your legacy. Protect your family. Start planning today with River City Senior Benefits.