Long Term Care Insurance

A comprehensive policy generally covers the costs of 24 hour nursing home care, including that given at custodial, intermediate, and skilled levels. The insurance policy may also cover any expenses connected with assisted living facilities provided that the location is State certified. Adult day care centers are often covered as well, as is respite care, which is the temporary professional care you'll need if your regular caregiver is on vacation or requires time-off. Long term care policies may also pay for at home care provided by RN's; respiratory therapists; physical, occupational, or speech therapists; registered dietitians; or licensed social workers.

Policies may also cover the cost of caregiver training for a family member or close friend. Finally, the long term care insurance may cover the cost of independent health care providers, such as registered nurses, who will act as your personal care consultant. Such a benefit gives you an objective, knowledgeable person with whom you can discuss the quality of your health care.

Long term care insurance companies will require that you meet certain conditions before they issue benefits. They usually require that you be unable to perform certain regular daily activities by yourself, such as normal bathroom functions, bathing, dressing, and eating by yourself. Insurance companies will also issue benefits because of cognitive loss as a result of Alzheimer's disease, senility, and other forms of senior dementia. These requirements are explained in the long term care policies. Speak with one of the trusted insurance professionals at Delray Financial Group to learn about the costs and benefits of long term care coverage.