Long-term care refers to the help people with disabilities, chronic illnesses or other conditions require on a daily basis over an extended period. The kind of assistance required can range from help with simple activities, such as eating, dressing and bathing, to skilled care that is offered by therapists, nurses and other professionals. Medicare covers only a limited amount of at-home care or a short stay in a nursing home. Employer-based health insurance coverage does not pay for daily, extended care services. To cover potential long-term care expenses, most people opt to buy long-term health care insurance. Here are some essential details to know about Long Term Health Care Insurance in Houston.
What exactly is a long-term health care insurance?
Long-term health care insurance is designed to cover long-term services and supports, including custodial and personal care in a wide range of settings such as a home, community, organization or other facilities. It reimburses the policyholder a daily amount for services to help them with activities of daily living such as dressing, eating or bathing. Newer policies also cover dementia care.
What are some of the key factors that affect the cost of a long-term care insurance policy?
* Age and health: A long-term care policy costs less if purchased when a person is younger and in good health. Older people or those with serious health conditions may not be able to get coverage.
* Support system: A long-term care policy costs less if family and friends can provide some of the long-term care services a person needs.
* Maximum amount that a policy will pay per day
* Maximum number of days or years that a policy will pay
What does long-term health care insurance cover?
Most long-term care policies are comprehensive. They typically allow the policyholder to use their daily benefits in a variety of settings, including:
* Homes
* Adult day service centers
* Assisted living facilities
* Nursing homes
* Alzheimer’s special care facilities
* Respite and Hospice care
These are just some of the important details to know before purchasing Long Term Health Care Insurance in Houston.
