As we age into our twilight years, we want to know that we will be taken care of. One way to prepare for such an event is by establishing a long-term care insurance policy that will cover the proper assistance needed for our new daily lives.
Benefits of a Long-Term Care Policy
While these insurance costs are quickly rising due to the aging baby boomer population, there are many benefits to a comprehensive long-term care policy. Such as:
A long-term care insurance policy will help cover the costs when you have a chronic medical condition and a disability or disorder, such as dementia.
Many policies will even reimburse you for utilizing care facilities like a nursing home, assisted living, and adult daycare centers.
Get Ahead by Planning Ahead
One way to work around the expensive premiums of long-term care policy is to plan ahead. Therefore, If you want this insurance you should start looking in your 50’s and 60’s before the premiums start to rise.
According to Genworth’s 2018 Cost of Care Survey, long-term care costs are likely to deplete one’s retirement fund. With that in mind, a comprehensive long-term care insurance policy will have a better chance of protecting our savings and gaining the proper assistance we need.
We Care at South Coast Post Acute
At South Coast Post Acute, we are happy to work with all patients who have a long-term care insurance policy. We provide specialty services for patients living with progressed stages of memory loss in a long-term care setting.
Exceptional, compassionate care; every time.
Contact us today to learn how we can help!